PHNOM PENH: A memorandum of understanding (MoU) worth US$30 million has been signed to promote the export of Cambodian agricultural products to China’s market over the next two years.
The agreement was inked this afternoon between NongDe Agricultural Development Co., Ltd. and Zhengzhou Chen’s Sun Fruit and Vegetable Trade Co., Ltd., enabling the export of Cambodian vegetables and fruits to Henan province.
The signing was witnessed by H.E. Mrs. Cham Nimul, Minister of Commerce, and visiting H.E. Zheng Haiyang, Vice Governor of the People’s Government of Henan Province, China.
Prior to the signing, H.E. Mrs. Cham Nimul and H.E. Zheng Haiyang held a productive discussion on deepening and expanding trade and investment cooperation between Cambodia and Henan province.
On the occasion, the Cambodian Commerce Minister encouraged more Chinese investors to explore Cambodia’s potential sectors, particularly modern agriculture, food processing, automobile, electronics, and digital technology.
She also urged the private sectors of both countries to maximise the benefits of existing free trade agreements (FTAs)—including the Cambodia-China FTA, ASEAN-China FTA, and Regional Comprehensive Economic Partnership (RCEP)—to advance bilateral cooperation and pave the way for further agreements for the benefit of both nations and their people.