Malaysia, Cambodia To Convene Joint Trade Committee

PUTRAJAYA (Malaysia), Feb 27 (Bernama) -- Malaysia and Cambodia on Tuesday agreed to convene a Joint Trade Committee (JTC) this year to explore potential trade and investment as well as tourism that will benefit both countries, said Prime Minister Anwar Ibrahim.

He said under this new trade mechanism, both countries would explore cooperation between the Customs Departments to facilitate the movement of goods.

“We have a huge potential in terms of boosting trade volumes of palm oil and white rice, and the trade ministries of both countries will use the JTC platform to address these challenges and find solutions in both trade and tourism.

“Investments have been there but we should expect more investments into Cambodia and from Cambodia into Malaysia,” he said during a joint press conference with his Cambodian counterpart, Hun Manet here Tuesday .

Meanwhile, Anwar said the value of investments by Malaysian companies in Cambodia has exceeded US$3 billion (US$1 = RM4.78) to date.

Hun Manet, arrived in Malaysia on Tuesday for a one-day official visit at the invitation of Malaysian Prime Minister Anwar Ibrahim.
-- BERNAMA