Cambodia and Türkiye agreed to enhance cooperation to promote trade and investment between the two countries, with Cambodia urging Turkish companies to consider investing in the Kingdom.
Sok Chea, Ambassador of Cambodia to the Republic of Türkiye along with Keo Buntheng, Commercial Attaché to the Republic of Türkiye, held discussions with Ferudun Cevahiroğlu, President of the Confederation of Industry and Trade (SANKON) and his colleagues in Ankara, Türkiye on last Tuesday.
According to a statement released by the Ministry of Commerce (MoC) on Thursday, Ambassador Chea and Buntheng apprised Turkish investors and businessmen on the macro-economic landscape, the benefits and potential of doing business and investing in Cambodia. They also told the incentives and protection for investors, as well as key laws and policies of the Royal Government of Cambodia (RGC) related to trade and investment.
“The Confederation of Industry and Trade (SANKON) will cooperate with the Cambodian side to organize a visit of Turkish businessmen and investors and a business forum in Cambodia in 2025,” the MoC statement said.
SANKON is an international business organization with 25,000 member companies worldwide operating in many sectors, including industry, construction, tourism, health, agriculture, energy, and many others.
Regarding the meeting, SANKON issued a press release to state that during the visit, Ambassador Chea expressed the goals of increasing cooperation between the two countries. The Ambassador highlighted the deep-rooted political and cultural ties between the Republic of Türkiye and Cambodia, emphasising the need to further strengthen these relations.
“We place great importance on our relations with the Republic of Türkiye and are ready to take these relations to an even higher level,” said Ambassador Chea.
He also called on Turkish companies to invest in Cambodia and shared commercial data between the two countries. He said that Cambodia is cooperating with SANKON to deepen cooperation with Turkey and establish stronger commercial ties.
Expressing gratitude to Ambassador Chea’s visit, SANKON Chairman Ferudun Cevahiroğlu said, “As Turkish companies, we have been cooperating with the Embassy of Cambodia in Ankara for years to further strengthen relations between the two states.”
He said that SANKON plans to organize a Turkey-Cambodia Business Forum conference and visit Cambodia with many Turkish companies.
It should be noted that Cambodia and Turkey have agreed to increase bilateral trade with an annual target of $1 billion and also moved ahead with plans to operate direct flights between Phnom Penh and Istanbul.
