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Over 400 Thai firms mulling Cambodia entry: Ambassador
Sun, 9 May 2021
More than 400 Thai companies are considering investing and doing business in Cambodia when the situation of the Covid-19 crisis eases, according to Cambodian ambassador to Thailand Ouk Sorphorn.
Sorphorn on May 7 virtually met with the Thai Subcontracting Promotion Association (Thai Subcon), a group of more than 400 firms he described as “innovative and industrial”.
During the meeting, Thai Subcon president Kiattisak Jirakajonvong said the association s members were very interested in the potential of Cambodia.
He requested the Cambodian embassy in Bangkok to co-organise business meetings and tours at members factories and at Cambodia s special economic zones to provide opportunities for the private sectors of both countries to strengthen and expand bilateral cooperation.
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The trade volume between Cambodia and Thailand reached $7.236 billion last year, tumbling 23.17 per cent from 2019, primarily due to the economic disruption of the Covid-19 pandemic. Heng Chivoan
Trade with Thailand exceeds $7.2B
Tue, 2 February 2021
The trade volume between Cambodia and Thailand reached $7.236 billion last year, tumbling 23.17 per cent from 2019, primarily due to the economic disruption of the Covid-19 pandemic, according to the Thai Ministry of Commerce.
Statistics show that Cambodia exported $1.148 billion in merchandise to Thailand in 2020, down 49.49 per cent year-on-year, and imported $6.089 billion, down 14.80 per cent from 2019.
Cambodia Chamber of Commerce vice-president Lim Heng told The Post that the drop in exports was likely due to a shift in agricultural exports away from Thailand to Vietnam.