General

On April 22nd, the China (Guangxi) Cambodia Bilateral Investment and Agricultural Cooperation Exchange Matchmaking Meeting was held in Phnom Penh. This event is hosted by the People's Government of Guangxi Zhuang Autonomous Region and the Ministry of Commerce of Cambodia, and organized by the Department of Commerce of Guangxi Zhuang Autonomous Region and the General Administration for Trade Promotion of the Ministry of Commerce of Cambodia. With the theme of "Strengthening International Trade and Economic Cooperation for a Better Future", it focuses on exchanges and cooperation in key areas such as investment and agriculture, providing strong support for further deepening and expanding economic and trade investment cooperation between Guangxi and Cambodia.

The Chairman of Guangxi Zhuang Autonomous Region, Lan Tianli, stated that in 2022, Guangxi and Cambodia signed a memorandum of understanding to strengthen trade cooperation under the RCEP framework, establishing the Cambodia (Nanning) Business Center. The bilateral trade volume reached 1.97 billion yuan, achieving a rapid growth of 88.3%, demonstrating the enormous potential, strong momentum, and broad prospects of cooperation in areas such as economy, trade, and agriculture. Guangxi is willing to take this event as an opportunity to further implement the important consensus reached by the leaders of the two countries, jointly promote the deepening and deepening of docking and exchange, the expansion and improvement of two-way investment, the deepening and expansion of agricultural cooperation, and regional connectivity, continuously deepen practical exchanges and cooperation in various fields between Guangxi and Cambodia, and contribute Guangxi's strength to building a community with a shared future for China and Cambodia in the new era.

Cambodian Assistant Prime Minister and State Secretary of the Ministry of Commerce, Chundala, stated that Cambodia China trade cooperation is constantly strengthening and expanding. In February 2022, the General Administration for Trade Promotion of the Ministry of Commerce of Cambodia and the Department of Commerce of Guangxi Zhuang Autonomous Region of China signed a memorandum of understanding on strengthening trade promotion cooperation, aiming to promote the entry of Cambodian products into the Chinese market. Cambodia hopes to expand its cooperation with China by formulating mechanisms such as the "2023-2025 Development Cooperation Plan", establishing a corridor for rice, rice, and fish, establishing a single window for international trade, establishing an industrial development corridor, and turning Sihanouk Province into a model of a comprehensive economic zone. At the same time, it encourages Cambodian enterprises to actively participate in Canton Fair, China Import Expo, and other events, promoting the continuous growth of Cambodia China trade volume.

Both sides unanimously believe that exchanges and cooperation in various fields between Guangxi and Cambodia are constantly deepening, and the potential for economic and trade cooperation between the two sides is enormous. We need to deeply implement the memorandum of understanding signed by both sides on strengthening international trade cooperation under the RCEP framework, starting from the six major areas of politics, production capacity, agriculture, energy, security, and humanities, and focus on building the "diamond six sided" cooperation structure between China and Cambodia, further promoting the realization of a wider scope, deeper degree, and more tangible results More economic and trade cooperation between Guangxi and Cambodia in the project will help accelerate the construction of a community with a shared future between China and Cambodia in the new era.

At the docking meeting, both parties signed a total of 11 projects with a signed amount of 7.84 billion yuan. The Department of Agriculture and Rural Affairs of Guangxi Zhuang Autonomous Region and the Ministry of Agriculture, Forestry and Fisheries of Cambodia held a special exchange. The Public Relations and Private Investment Promotion Bureau of the Cambodian Development Council, Guangxi Rural Investment Group Co., Ltd., China ASEAN Information Port Co., Ltd., Guangxi Agricultural Reclamation Group Co., Ltd., Cambodia Rongde Group, Cambodia Monledi Group, Cambodia Soma Group, etc. were promoted. Representatives of relevant departments and enterprises from Guangxi and Cambodia have conducted extensive and in-depth exchanges on further deepening and expanding economic and trade cooperation, expressing the need to further strengthen practical cooperation in areas such as two-way investment, agricultural cooperation, digital economy, etc., to push Guangxi Cambodia cooperation to a new level, and write a new chapter in Guangxi Cambodia cooperation in the new era.

In recent years, economic and trade cooperation between Guangxi and Cambodia has continuously deepened and deepened. In 2022, the total import and export volume of international trade between Guangxi and Cambodia was 1.97 billion yuan, an increase of 88.3% year-on-year. Among them, exports amounted to 1.86 billion yuan, a year-on-year increase of 88.5%; The import reached 110 million yuan, a year-on-year increase of 85.3%. Guangxi will fully seize the new opportunities for the development of international trade relations between China and Cambodia, actively leverage Guangxi's unique opening advantages to promote enterprises to grow and strengthen, and deepen exchanges and cooperation between Guangxi and Cambodia in a wider range of fields and at a higher level.