Cham Nimul, Minister of Commerce, met with Senator Hon Tim Ayres, Assistant Minister for Trade and Assistant Minister for Manufacturing of Australia, to discuss and strengthen friendship and bilateral economic and trade relations between Cambodia and Australia on March 5, 2024.
The meeting was held on the occasion of accompanying Prime Minister Hun Manet to participate in the ASEAN-Australia Special Summit to commemorate the 50th Anniversary of ASEAN-Australia’s Dialogue Partnership, according to the Ministry of Commerce.
To begin, Senator the Hon Tim Ayres expressed his warm welcome to the Commerce Minister for her honorable presence in Australia on this special occasion. In response, Cham Nimul expressed her deep appreciation to Senator the Hon Tim Ayres for his time to meet with minister and the Ministry of Commerce’s delegation.
The ministry added that during the discussion, both parties noted a remarkable achievement in the bilateral trade flows between Australia and Cambodia that have been made so far.
In this regard, both parties discussed and exchanged views and best practices towards further strengthening and promoting business activities and bilateral trade between the two countries, in particular emphasizing the importance of implementations of the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) and the RCEP Agreement in order to further strengthen trade relation and economic cooperation between the two countries.
In closing, Cham Nimul underscored the importance of the roles of private sectors from both countries to Cambodia’s economic development, especially for employment creation, as well as trade and industry diversifications in Cambodia.
Ministry of Commer exphasizd that at the same time, minister also encouraged Australian business community and investors to increase business activities and further invest in high-value-added sectors that the Royal Government of Cambodia has considered as prioritized sectors for economic development, such as agriculture and agro-processing, logistics, e-commerce, and digital technology, etc. khmertimeskh
