Cambodia, Canada Laud Bilateral Trade and Investment Cooperation

PHNOM PENH: Cambodia and Canada have lauded and been committed to promoting their bilateral cooperation in and investment sectors, and booting regional connectivity as well as the formulation of ASEAN-Canada free trade agreement.

The commitment was made during a meeting between H.E. Sun Chanthol, Deputy Prime Minister and Fist Vice President of (CDC), and H.E. Ms. Ping M. Kitnikone, newly appointed Ambassador of Canada to Cambodia, at the CDC headquarters here early this week.

On the occasion, H.E. Sun Chanthol underscored the Royal Government of Cambodia (RGC)'s vision to become a high-income country in 2050 with the requirement of strengthening human resources, and expanding foreign direction investment in all domains, especially industry such as automobile, electronics, spare parts and food processing to name a few to diversify industry, reinforce skills, and create added value for people.

The CDC vice president also mentioned about the RGC's plans being implemented, including the provision of vocational training to some 1.5-million Cambodian youths, and the CDC's mission to attract potential companies all around the world to come to invest in Cambodia.

He also took the opportunity to thank Canada for her contribution to Cambodia's socio-economic development so far.

For her part, H.E. Ms. Ping M. Kitnikone spoke highly of peace, stability and development of Cambodia, as well as the good bilateral cooperation between both nations, particularly the active business and investment from Canada in Cambodia such as ABA Bank, a subsidiary of National Bank of Canada.

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