Cambodia, Turkey Reaffirm Commitment to Increase Two-way Trade to US$1 Billion
AKP Phnom Penh, October 21, 2019 --
The Kingdom of Cambodia and the Republic of Turkey have reaffirmed their commitment to boost their bilateral trade exchange up to US$1 billion.
During the 2nd Meeting of Turkey-Cambodia Joint Economic Commission held in Ankara, Turkey on Oct. 17-18 under the chairmanship of Cambodian Minister of Commerce H.E. Pan Sorasak and Turkish Minister of Agriculture and Forestry H.E. Bekir Pakdemirli, both sides agreed to continue strengthening their cooperation in the fields of economy, trade and investment as well as other potential areas in order to achieve their set target of US$1 billion bilateral trade in the future.
According to the Ministry of Commerce, the trade exchange volume between Cambodia and Turkey was some US$510 million between 2014 and 2018. Cambodia exported nearly US$440 million worth of products to Turkey, and its imports from the country were valued at more than US$72 million.
On the occasion, H.E. Pan Sorasak informed the Turkish side of Cambodia’s potential exported products such as clothes, bicycles, mangoes, longans, rubber, cassava, maize, pepper, rice, etc., while H.E. Bekir Pakdemirli expressed his country’s intention to buy Cambodian rubber and rice.
Cambodia will host the 3rd Meeting of the Joint Economic Commission with Turkey in 2021.
By C. Nika