In a heartening development for trade and diplomatic ties, the Ambassador of Indonesia to Cambodia, Dr. Santo Darmosumarto, has expressed unwavering optimism about the burgeoning trade potential between the two countries. At a recent business dinner hosted by the Indonesian embassy, Ambassador Darmosumarto confidently predicted that the trade value between Indonesia and Cambodia could soar past the $1 billion mark by the end of 2023.
Indonesia has steadily climbed the ranks among Cambodia’s trade partners, currently holding the sixth position, trailing only behind major players like China, the United States, Vietnam, Thailand, and Japan. Recent data from the General Department of Customs and Excise (GDCE) of Cambodia reveals a significant increase in trade between these Southeast Asian neighbors, with a total value of $808.07 million. This represents an impressive 18.6 percent growth compared to the previous year.
The Ambassador highlighted the cultural and culinary similarities that bind the two nations together, explaining, “Indonesia has a lot in common with Cambodia, with the most basic similarity being the food we eat, as rice is the staple diet for both our countries. Usually, when people eat rice, there’s usually some common denominator there.” Such shared elements of culture and cuisine have fostered a growing appreciation for Indonesian products, particularly in the food and beverage sector among Cambodian consumers.
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Author: Surya Narayan
Source: The Better Cambodia
November 22, 2023
