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Last updated at: (Beijing Time) Monday, June 17, 2002

China Provides to Cambodia Highway Assembling Steel Bridges

Chinese Ambassador to Cambodia Ning Fukui, on behalf of the Chinese government, Monday handed over highway assembling steel bridges worth RMB 45 million Yuan (about 5.48 million US dollars) to the Cambodian government.


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Chinese Ambassador to Cambodia Ning Fukui, on behalf of the Chinese government, Monday handed over highway assembling steel bridges worth RMB 45 million Yuan (about 5.48 million US dollars) to the Cambodian government.

The hand-over ceremony was held in Ang Khnol under the presidency of Cambodian Senior Minister and Minister of Council Sok An.

The Chinese assistance came under the stipulations of the notes exchanged on February 26, 2001 between the governments of China and Cambodia to implement an economic cooperation agreement signed in November 2000.



Economic Cooperation Between China and Cambodia
In recent years, economic and trade cooperation between China and Cambodia have been restored and developed rapidly and the area of cooperation continue to expand. In 1996, the two governments signed an Agreement on Trade and Investment Protection. During Prime Minister Hun Sen's visit to China in February 1999, the two sides signed an Agreement on Economic and Technological Cooperation and the Framework Agreement on the Chinese Government's Preferential Loans to the Cambodian Government. During President Jiang Zemin's visit to Cambodia in November 2000, the two sides signed an "Agreement on the Establishment of a Joint Economic and Trade Commission", an "Agreement on Economic Cooperation" and "A Memorandum of Understanding on Sino-Cambodian Agricultural Cooperation"etc.

Since 1992, the bilateral trade volume has increased year by year. In 1998, the bilateral trade volume totaled US$ 224 million, 39.6% more than that of last year, in which China's export volume reached US$ 164 million and import volume amounted to US$ 60 million. Up to now, there are over 130 China-funded companies in Cambodia of with a total investment of US$ 180 million ( according to the statistics of the Cambodia side ).

China's main exports to Cambodia include machinery and electronic products, textiles, steel, clothes, TV sets, textile machinery, household ceramics, medical products, motor-cycles and by-cycles spare parts etc. and main imports from Cambodia include rubber, timber, plywood and so on.




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