Cambodia-U.S. Bilateral Trade Keeps Growing Despite COVID-19 Crisis

Bilateral trade between Cambodia and the U.S. continue to grow even though the COVID-19 crisis has been affecting trade and lifestyle of countries around the world.

The remarks were made during a meeting here yesterday afternoon between H.E. Pan Sorasak, Minister of Commerce and H.E. W. Patrick Murphy, Ambassador of America to Cambodia, to discuss bilateral trade and investment cooperation.

According to H.E. Minister, the two-way trade reached over US$4 billion in the first seven months, up more than 37 percent compared to the same period in 2020.

H.E. Pan Sorasak recalled the agreements on trade relations and intellectual property reached by both countries in 1996, and welcomed the creation of Ford Motor Cambodia’s assembly plant in Pursat province which will provide Cambodian people with job opportunities and technical transfer, and the opening of the first U.S. Department of Agriculture (USDA) office in Cambodia to support growing agricultural trade between the two countries.

Besides, he informed the U.S. diplomat about the progress of the COVID-19 vaccination campaign in Cambodia and thanked the American government and people for their donation of over 1 million doses of Johnson & Johnson vaccine to Cambodia via COVAX Facility.

H.E. W. Patrick Murphy pledged to continue helping Cambodia in the fight against the COVID-19 pandemic and expressed the U.S.’ support for Cambodia’s chairmanship of ASEAN in 2022.

Source: Agency Kampuchea Press