Cambodia, Philippines Boost Business and Economic Cooperation

Cambodia, Philippines Boost Business and Economic Cooperation

The Cambodia Chamber of Commerce and the Philippine Chamber of Commerce have agreed to promote and strengthen business and economic cooperation.

The two parties signed a Memorandum of Understanding recently. Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce and AMB. Benedicto V. Yujuico, President of the Philippine Chamber of Commerce were the signatories.

The virtual MoU signing was held during the 3rd Meeting of the Cambodia-Philippines Joint Commission for Bilateral Cooperation (JCBC) and witnessed by H.E. Prak Sokhonn, Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation and Honorable Teodoro L. Locsin Jr., Secretary of Foreign Affairs of the Republic of the Philippines.

The MoU is aimed to promote and strengthen business and economic cooperation between Cambodia and the Philippines in various fields such as ICT and innovation, agriculture, manufacturing, franchising, tourism, services, and SME development, read a press release.

“Both chambers will regularly exchange information, organise trade and investment mission, hold seminar and conferences, organise exhibitions and arrange business matchings,” it added.

Both chambers agreed to establish a Philippines-Cambodia Business Council based in the Philippines and Cambodia-Philippines Business Council in Cambodia that will meet to discuss, plan, and implement joint initiatives.

AKP