Tuesday, August 27, 2013

Cambodia wants more Malaysian investors for agriculture: PM

 Xinhua | 2013-8-27
Cambodian Prime Minister Hun Sen said Tuesday that the country wanted more Malaysian investors in its agricultural sector, particularly the rice industry.

Speaking in a meeting with Tun Mohd Khalil bin Yaakob, governor of Malaysian state of Melaka, at the capital's Peace Palace, the premier said that the Cambodian economy was projected to grow by 7. 6 percent this year.

He asked Khalil to help encourage Malaysian investors to Cambodia, especially to make investment in rice mills in order to process Cambodian rice for export.

Khalil promised with the premier to help attract investors to Cambodia. He said his visit to Cambodia was to explore possibilities to further develop tourism sector between the two countries.

Meanwhile, he also hailed Cambodia for rapidly social and economic development under Hun Sen's leadership.
Cambodia and Malaysia, both members of the Association of Southeast Asian Nations (ASEAN), have developed ties well in politics, economics, trade and tourism.

Malaysia is the third largest investor in Cambodia. According to the Council for the Development of Cambodia, from 1994 to the end of last year, Malaysian investment in Cambodia had reached 2. 62 billion U.S. dollars.

The bilateral trade was valued at 376 million U.S. dollars last year, up 17 percent year on year.

On tourism side, the country has greeted 60,650 Malaysian visitors in the first six months of this year, up 13 percent compared with the same period last year, according to the latest tourism data.

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