PHNOM PENH, Aug. 11 (Xinhua) -- Cambodia wants to see more Chinese investors in agricultural sector, especially the investments in rice and cassava, Heng Samrin, President of the National Assembly, said Thursday.
“More Chinese firms in Cambodian agriculture will help to boost bilateral trade between Cambodia and China,” he said during a meeting with Gao Hong Zhi, Chief Executive Officer of a Chinese-owned Le Ye Rubber Co Ltd. “Also, the investments from China will help to boost the country’s exports of rice and cassava.”
He added that now Cambodia can be a favorable investment destination for China since Cambodia and China had signed rice and cassava export agreements in last October and December respectively in order to enable the exports of the two products from Cambodia to China.
Meanwhile, Gao Hong Zhi said that his newly established firm will focus on buying Cambodian agricultural products to export to China.
“At the start, the firm is studying the possibility to buy dried cassava chips, and then we will consider buying other products such as rubber and rice,” he said.
Bilateral trade volume between Cambodia and China was 912.76 million U.S. dollars in the first half of this year, 82 percent rise from 501 million U.S. dollars in the same period last year, showed to the statistics from the commerce ministry.
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