19 December 2017

EEC Minister Tatyana Valovaya invites representatives of Cambodia’s business community to attend SPIEF and EEF in 2018

The first EAEU–Cambodia 2017 forum may be viewed as a starting point for a new stage in the cooperation between the EAEU countries and Cambodia, Member of the Board – Minister in Charge of Integration and Macroeconomics of the Eurasian Economic Commission (EEC) Tatyana Valovaya said. Organized on the initiative of the EEC and the Government of Cambodia, with support from the Trading House of the Russia–Singapore Business Council, the event brought together business representatives from the six countries for the first time. The forum discussed systemic aspects of cooperation and opportunities for mutual investment growth.

Cambodia’s Minister of Commerce pointed out that meetings of entrepreneurs and industrialists with government officials from Cambodia and the EAEU countries, as well as the Eurasian Economic Commission, had created a positive background for cooperation as part of the Memorandum of Understanding signed between the EEC and the Government of Cambodia.

Tatyana Valovaya acknowledged the increase in trade between the EAEU member countries and Cambodia following the signing of the Memorandum and thanked the Cambodian partners for their hard work in preparing the forum and the Eurasian business delegation for their interest in developing ties with the Kingdom of Cambodia. “The Eurasian Economic Commission has already been successfully collaborating with the Cambodian partners within the joint working group. We have established a dialogue between national agencies in our countries. Today, the business community – the end beneficiary of our work – is actively joining this dialogue”, the EEC Minister in Charge of Integration and Macroeconomics said. Tatyana Valovaya expressed hope that the business forum would result not only in exchanges of up-to-date information about one another, but also in new contracts between companies from the EAEU member countries and the Kingdom of Cambodia.

The forum participants discussed the outlook for developing trade and economic ties, including localization of high-tech manufacturing from the Union countries in Cambodia, establishment of value-added chains linking the six countries, and cooperation in areas such as raising investment in Cambodia’s tourism and healthcare, ports and airport infrastructure, light industry and textiles, and IT.

Major companies, such as Rostech, Kamaz, MAZ, Minskmetroproekt and others, gave presentations of their capabilities at the forum.

Ambassadors of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation to Cambodia took part in the forum, praising the dynamic of the ties between the EAEU countries and Cambodia and the impetus given to the negotiation process by the EEC and Cambodia’s Ministry of Commerce.

As part of her visit, the EEC Minister in Charge of Integration and Macroeconomics Tatyana Valovaya also had working meetings with Cambodia’s Minister of Commerce Pan Sorasak, State Secretary of Cambodia’s Ministry of Commerce Tekreth Kamrang and Deputy Foreign Minister of Cambodia Ouch Borith.

The meeting participants from the Cambodian side expressed satisfaction with the intense efforts and supported maintaining the same level of activity next year. As a result of the meetings, an agreement has been reached to hold a second meeting of the Working Group on Interaction between the EEC and the Government of Cambodia in July 2018 in Moscow.

Tatyana Valovaya invited the Cambodian partners to take part in the St. Petersburg, Astana and Eastern economic forums, as well as in the ‘Eurasian Week’ next autumn in Yerevan. “We accomplished an important mission these days in securing arrival in Cambodia of a business community delegation from the member countries of the Eurasian Economic Union. We are now waiting for our Cambodian colleagues to visit us. Participation by Cambodian business in our large-scale international economic events, where they can make a statement and speak about Cambodia’s potential, is a key ingredient for successful development of mutually beneficial ties”, Tatyana Valovaya said in conclusion.

Source: http://www.eurasiancommission.org

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