Wednesday, August 20, 2014

Cambodia, Indonesia To Expand Trade Ties


20 August 2014

Newly appointed Indonesian Ambassador expressed his intention to expand bilateral trade between Cambodia and Indonesia while marking the 69th Independence Day of the Republic of Indonesia in Cambodia recently.

The bilateral trade between Cambodia and Indonesia was about US$300 million per year, and more Indonesian investors have come to invest in Cambodia such as Grand Phnom Penh Co., Ltd. On the occasion, he showed his regret for postponing the direct flight from Indonesia to Cambodia, saying that businessmen always need time to study about market before making decision because everything is based on demands and supplies.

Concerning rice export from Cambodia to Indonesia, he said an agreement had already signed, but the export had not been made yet since price discussion needs to be done to smooth the agreement.

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