Cambodia and Thailand have committed to increasing trade volume as last year reached nearly 4 billion US dollars

Phnom Penh: Trade volume between Cambodia and Thailand has increased steadily, especially before the crisis of Covid-19, but after Covid - 19 crisis, trade volume between these two countries decreased slightly, in 2020, trade between Cambodia and Thailand reached $ 3.49 billion, and in 2021 had reached $ 3.85 billion. And increasing to about 10.4 percent.

In a meeting with the leaders of the Cambodian Chamber of Commerce, the Thai Chamber of Commerce, and the Thai Business Commission on August 5, 2022, Mr. Pan Sosak, Minister of Commerce, said that about the promotion of trade and investment between Cambodia and Thailand, He has encouraged Thai investors in Cambodia to actively participate in trade and investment promotion activities to further exploit Cambodia's business potential.

He encouraged and welcomed more potential Thai investors to Cambodia to strengthen trade relations and expand Cambodian-Thai trade volume towards mutual benefit and diversification to boost the economies of both countries to operate to make economic growth more.

He said that in the past two years, bilateral trade between Cambodia and Thailand has increased significantly, with bilateral trade between the two countries increasing from 3.49 billion US dollars. to 3.85 billion US dollars in 2021, an increase of 10.4 percent. Mr. Sanan Angubolkul the President of the Thai Chamber of Commerce and the Thai Business Commission said that the introduction of Thai businessmen and investors to Cambodia now is to increase trade opportunities and expand the market network through trade fairs. High quality, especially in Cambodia, Laos, Myanmar, and Vietnam.

In addition, trade visits and trade fairs will play an important role in connecting with business partners in Cambodia, such as the Cambodian Chamber of Commerce, as well as trade associations to invite Cambodian and Thai businessmen to meet with each other to strengthen and expand trade relations as well as increase the volume of trade between Cambodia and Thailand.

Mr. Oknha Lim Heng, Vice President of the Cambodian Chamber of Commerce, said that the Cambodian Chamber of Commerce and the Thai Chamber of Commerce have been working closely to boost the supply of business between the two countries to ensure the smooth flow of business and Investments such as the holding of this working meeting as well as business matching between the two countries, will bring mutual benefits for both parties. Please be informed that Mr. Oknha would like to encourage all traders and investors, and entrepreneurs to participate more actively and seek more of their investment partners for mutual benefit and get fruitful results for the future in both countries as well as the two countries should be traded more.