In a significant diplomatic encounter, Cham Nimul, Cambodia's Minister of Commerce, engaged in fruitful discussions with Senator Hon Tim...
In a significant diplomatic encounter, Cham Nimul, Cambodia's Minister of Commerce, engaged in fruitful discussions with Senator Hon Tim Ayres, Assistant Minister for Trade and Manufacturing of Australia. The meeting, held on March 5, 2024, aimed at fortifying the friendship and economic ties between the two nations.
Amidst the ASEAN-Australia Special Summit, commemorating the 50th Anniversary of ASEAN-Australia’s Dialogue Partnership, Prime Minister Hun Manet's delegation included Cham Nimul. The gathering provided a fitting backdrop for the bilateral discussions, signifying the importance both nations place on their relationship.
Senator Hon Tim Ayres extended a warm welcome to Minister Nimul, acknowledging the significance of her visit to Australia. In return, Nimul expressed gratitude for the opportunity to meet and engage in discussions aimed at fostering economic cooperation between Cambodia and Australia.
Both parties recognized the notable progress in bilateral trade between Australia and Cambodia. Discussions centered around leveraging this momentum to further enhance business activities and trade relations. Emphasis was placed on implementing agreements such as the AANZFTA and the RCEP Agreement to deepen economic ties.
Minister Nimul highlighted the vital role of the private sector in Cambodia's economic development. She stressed the importance of collaboration with Australian businesses for job creation and diversification of trade and industries within Cambodia.
Nimul encouraged Australian investors to explore opportunities in high-value-added sectors prioritized by the Royal Government of Cambodia. Sectors such as agriculture, agro-processing, logistics, e-commerce, and digital technology were singled out for their potential contributions to Cambodia's economic growth.
In a testament to the enduring friendship between Cambodia and Australia, Minister Cham Nimul and Senator Tim Ayres engaged in constructive dialogue to bolster economic cooperation. Their discussions, against the backdrop of a milestone summit, underscored the mutual commitment to fostering prosperity and growth for both nations.
With a focus on collaboration and shared prosperity, both parties acknowledged the achievements in bilateral trade and explored avenues for further enhancement. Through strategic partnerships and the implementation of trade agreements, Cambodia and Australia aim to deepen their economic engagement for the benefit of their citizens.
Minister Nimul's call for increased investment in priority sectors resonated with Australian businesses, presenting opportunities for mutually beneficial partnerships. By aligning investment interests with Cambodia's development goals, stakeholders aim to drive sustainable economic growth and create opportunities for prosperity on both sides.
As Cambodia and Australia navigate the complexities of a rapidly evolving global economy, their commitment to strengthening bilateral ties remains unwavering. Through dialogue, cooperation, and investment, both nations are poised to unlock new pathways to prosperity and forge a future of shared economic growth and development.
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