Cambodia, Nepal to boost trade

15 May 2019 2046 | Business & Trade Fairs

Cambodia and Nepal yesterday committed to boosting trade and investment during a business forum held in Phnom Penh attended by the Nepali Prime Minister.

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The Nepali premier, Khadga Prasad Sharma Oli, arrived in Phnom Penh on Monday for a three-day official visit to boost ties between the nations.

Speaking at yesterday’s event, Cambodian Minister of Commerce Pan Sorasak said he expects bilateral trade to rise following the business forum.

“This forum between Cambodia and Nepal give businesspeople from each country an opportunity to meet and partner up,” Mr Sorasak said.

“Growth in trade has remained flat in recent years, but I believe the agreements signed today will boost it,” he added.

Yesterday, Cambodia and Nepal reached two agreements – a framework agreement on trade and investment and a memorandum of understanding on bilateral cooperation between their national chambers of commerce.