PHNOM PENH: The Ministry of Commerce has been preparing for the establishment of five Cambodian private business centers in the main cities of China in order to promote the sale of Cambodian products in the Chinese market.
H.E. Pan Sorasak, Minister of Commerce, said the Cambodian private business centers will further promote and drive sales of Cambodian products on the Chinese market. The centers have been planned for five locations in China: Changchun, Harbin, Nanjing, Taiyuan, and Zhengzhou.
The ministry is highly committed to driving the growth of the trade sector by turning challenges into opportunities through in-depth reforms in all areas, reducing costs and strengthening the competitiveness of Cambodia’s exports to various markets, and creating a favorable environment for doing business and investing in Cambodia, he said.
The ministry has contributed to the growth of exports with existing preferential markets and additional market diversification, such as negotiations for the establishment of bilateral and multilateral free trade zones with trade partners, expanding the market for goods, services, and investment, he added.
The Ministry of Commerce established and officially inaugurated the Cambodian Private Business Centre in Atsugi, Kanagawa Prefecture, Japan in March 2022 for the permanent display and sale of Cambodian products.
The trade volume between Cambodia and China reached US$11,686 million in 2022, an increase of 4 percent, of which Cambodia exported a total of US$1,241 million worth of goods to China.