The Cambodia Chamber of Commerce (CCC) and the Japan External Trade Organisation (JETRO) in Cambodia have in principle agreed to examine the possibility of signing a memorandum of understanding (MoU) in the near future to strengthen bilateral cooperation in investment and trade.

Recent talks between JETRO and CCC focused on further strengthening cooperation—leveraging JETRO projects and other activities as well as CCC support—towards drawing in more Japanese investors to Cambodia.

The proposed MoU and a similar deal on the cards between JETRO and the ASEAN Business Advisory Council (ASEAN-BAC) could provide new and more effective bilateral and regional channels for collaboration between JETRO in Cambodia and the CCC, including within the framework of the ASEAN-BAC and East Asia Business Council, according to a report in a Cambodian English-language daily.

The Cambodia Chamber of Commerce (CCC) and the Japan External Trade Organisation (JETRO) in Cambodia have in principle agreed to examine the possibility of signing an MoU in the near future to strengthen cooperation. Recent talks between JETRO and CCC focused on further strengthening cooperation towards drawing in more Japanese investors to Cambodia.

CCC president Kith Meng and Jetro Phnom Penh Office chief representative Marisa Haruta met on January 18 and discussed matters related to cooperation between the two associations.

Bilateral trade volume between Cambodia and Japan topped $1.700 billion in 2021, marking a small increase of 0.49 per cent from more than $1.692 billion a year earlier, according to preliminary data from the Cambodian ministry of commerce.

Last year, Cambodian exports to Japan were worth $1.094 billion, up by 3.61 per cent over 2020, and imports were $607 million, down by 4.68 per cent year-on-year, the statistics show.

Fibre2Fashion News Desk (DS)