The newly-established Cambodia Business Council (CBC) in Bangkok and Thai Subcontracting Promotion Association (Thai Subcon) will join forces to enhance trade and investment between the two ASEAN neighbours, and build momentum for the implementation of Cambodia’s 2021-2023 Economic-Diplomacy Strategy.
A memorandum of understanding (MoU) was signed in this regard by CBC president Sambath Sothea and his Thai Subcon counterpart Kiattisak Jirakajonvong on July 13 via video link, in a ceremony presided over by Cambodian ambassador to Thailand Ouk Sorphorn and witnessed by commercial attache Heng Sovannarith.
The deal will provide support for marketing channels and activities to promote business and investment opportunities, cultural exchanges and social connectivity.
According to the Thai Ministry of Commerce, trade between Cambodia and Thailand reached $7.236 billion last year, tumbling 23.17 per cent from 2019, primarily due to the economic disruption of the Covid-19 pandemic.
Author: May Kunmakara
Source: The PhnomPenh Post
For full article, please read here.
Original published date: 14 July 2021
July 16, 2021
