Cambodia, Malaysia pledge to further trade, investment relations

20:28, May 11, 2010      

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Cambodia and Malaysia will further promote and strengthen their trade and investment relations with the visiting of Malaysian Prime Minister Najib Razak and the signing of six deals worth more than 1 billion U.S. dollars.

During the three-day official visit to Cambodia, wrapped up Tuesday, Najib Razak has met with Cambodian leaders including Prime Minister Hun Sen and was granted an audience by King Norodom Sihamoni.

Najib and Hun Sen had exchanged a wide range of discussions over the bilateral cooperation between the nations and the assistance as well as investment in Cambodia.

Both of them highly valued their relations. Hun Sen thanked Malaysia for its continued support in various fields, and saying that the visit of Najib Razak and his business delegation "will add a new dimension to Cambodia's socii-economic development effort, through the expansion and strengthening of both countries' cooperation in the field of politics, security, economy, social affairs, and culture."

The Malaysian prime minister has pledged to encourage more investors to Cambodia. "Malaysia has been the biggest investor in Cambodia for 14 consecutive years with investments totaling 2.19 billion U.S. dollars. Cumulative Malaysian investments in Cambodia during the past two years total 118 million U.S. dollars," Najib Razak said.

It was the first visit to Cambodia made by Najib Razak since he came to office last year, and the outstanding achievement during the visit was the deals among the private sectors of the two countries that had agreed in principle to engage in business agreement that worth in total of 1 billion U.S. dollars.

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