Thursday, July 11, 2013

Cambodia and Pakistan look to greater mutual benefit in agriculture and garments

  By Ek Tha

PHNOM PENH, 10 July 2013 (PRU) – The Pakistani Ambassador to Cambodia told Deputy Prime Minister Dr. Sok An on Wednesday that Pakistani businesses are looking to invest in agriculture, garments and pharmaceutical products in Cambodia.
 
His Excellency Dr. Sok An welcomed H.E Ambassador Amjad Ali Sher’s shared interest of improving trade, agriculture and tourism for the benefit of the two peoples and countries.
 
Pakistan and Cambodia signed an agreement on the promotion and protection of investment in 2004 during the visit to Phnom Penh of the then Prime Minister of Pakistan, Mir Zafarullah Khan Jamali.
 
“We are also looking to have cooperation with Cambodia in the field of academic and diplomatic training course”, said the Ambassador.
 
H.E. Amjad Ali Sher said that Pakistani investors and traders have asked the embassy to identify areas of Cambodian garment and textile investment for export to markets in the U.S. and European Union (EU).
 
“We currently export lots of our products. We are looking how we can help Cambodia by exporting pharmaceutical products to Cambodia”, said the diplomat.
 
Cambodia receives an estimated 3 million tourists a year and that figure is expected to increase by nearly 20 percent a year. Cambodia also has bountiful crops, mainly rice.
 
Two-way trade between Cambodia and Pakistan was US$16 million in 2011. It was $103.4 million in 2012. For the first 6 months of this year, the value is more than $11.6 million.
 
The two agreed that the two countries have good ties and can increase bilateral cooperation in a long run.
 
“We have common interests in trade and investment. We appreciate the work of the Pakistani embassy”, Dr. Sok An said in the meeting.
 
Ambassador Amjad Ali Sher said, “We need our bilateral relations to be deeper and stronger”.
 

In November 2012, Cambodia appointed an Honorary Consul General in Lahore, Pakistan, aiming to facilitate bilateral trade, investment and tourism. END