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Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, Turkey look to step up economic co-op after sizeable 2022 trade jump

Cambodia, Turkey look to step up economic co-op after sizeable 2022 trade jump

| Publication date 08 April 2023 | 11:54 ICT

Content image - Phnom Penh Post
Commerce ministry secretary of state Tekreth Kamrang, the Turkish trade ministry’s Husnu Dilemre, Turkish ambassador Ulku Kocaefe, and other officials at the virtual meeting on April 5. MOC

Cambodia, Turkey look to step up economic co-op after sizeable 2022 trade jump

Cambodian and Turkish officials are brainstorming how to scale up cooperation in commerce, investment and other economic areas, after the two-way trade volume rocketed by about seven-tenths on an annual basis to hit $152 million in 2022, according to a statement from the Kingdom’s commerce ministry.

Priority Cambodian exports to Turkiye include garments, bicycles, mangoes, rubber, cassava, corn, pepper, milled rice, organic chemicals and tobacco leaves, the statement said, adding that target imports comprise textile-related items, machinery and electrical devices, vehicles and spare parts, and copper articles.

The latest of these discussions came on April 5, at a virtual meeting between Ministry of Commerce secretary of state Tekreth Kamrang, Turkish trade ministry director-general for international agreements and EU affairs Husnu Dilemre, Turkish ambassador to Cambodia Ulku Kocaefe, and other officials, the statement noted.

The meeting also covered a feasibility study for the establishment of an economic partnership agreement (EPA), it said, adding that participants expressed satisfaction with the third Cambodia-Turkey Joint Economic Commission (JEC) meeting held on January 10-11 in Phnom Penh.

Contact author: Sok Raksa

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