Pakistan, Cambodia discuss trade expansion
ISLAMABAD: Pakistan and Cambodia reached an understanding of taking practical steps to enhance bilateral trade and economic cooperation.
Both sides agreed at the inaugural session of the Pakistan-Cambodia Joint Trade Committee (JTC) to explore avenues to enhance trade, investment, and cooperation in various sectors. The next JTC session will be held in Pakistan, with dates to be decided by mutual consultation.
Co-chaired by Pakistan’s Additional Secretary Commerce Nasir Hameed and Cambodia Commerce Secretary Pich Rithi, the session discussed mutual interests, including trade, health, banking, agriculture, aviation, and customs.
An official announcement from the commerce ministry said that the two sides agreed to appoint focal persons to expedite negotiations for memorandums of understanding and enhance cooperation. They resolved to share trade-related information, organise trade delegations, and facilitate direct engagements between the business communities of both countries.
The Cambodian side showcased its robust market access through free trade agreements and preferential trade treatments, offering opportunities for Pakistani businesses to tap into regional and global markets. The agreed minutes of the JTC highlighted plans for collaboration in ICT, e-commerce, agriculture, and the health sector.
Commerce Minister
Jam Kamal highlighted Pakistan’s strategic location, growing economy, and investment-friendly policies, inviting Cambodian businesses to explore agriculture, textiles, pharmaceuticals, and tourism opportunities.
Published in Dawn, January 22nd, 2025