Ulku Kocaefe News Today

Cambodia and Turkiye have reiterated their commitment to completing necessary internal procedures to begin a feasibility study on a potential bilateral Economic Partnership Agreement (EPA) aimed at increasing bilateral trade and investment, before launching negotiations.

Cambodia and Turkiye have reiterated their commitment to completing necessary internal procedures to begin a feasibility study on a potential bilateral Economic Partnership Agreement (EPA) aimed at increasing bilateral trade and investment, before launching negotiations.

The commerce ministry on May 4 announced that it had asked the Turkish embassy to encourage and open doors for players from the transcontinental country to invest in Cambodian agriculture, agro-industry and halal food processing, highlighting the abundance of raw materials in the Kingdom.

The Cambodian business community is brainstorming how to scale up commercial ties with Turkiye, convince Turkish investors to set up factories in the Kingdom, and boost exports to the majority Muslim transcontinental nation, after the two-way trade volume ballooned by around seven-tenths

The Cambodian business community is brainstorming how to scale up commercial ties with Turkiye, convince Turkish investors to set up factories in the Kingdom, and boost exports to the majority Muslim transcontinental nation, after the two-way trade volume ballooned by around seven-tenths on a yearly basis to $152 million in 2022, according to the commerce ministry.

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.

The Cambodian Red Cross (CRC) has donated $100,000 to support the humanitarian operations of the Turkish Red Crescent National Association via the Turkish embassy in Phnom Penh. The donation followed a devastating February 6 earthquake which had killed at least 37,000 people in the country and neighbouring Syria.

The commerce minister on October 13 asked the Turkish ambassador to encourage players from the transcontinental country to invest in Cambodian agricultural, agro-industrial and food processing projects that align with Islamic principles

The commerce minister on October 13 asked the Turkish ambassador to encourage players from the transcontinental country to invest in Cambodian agricultural, agro-industrial and food processing projects that align with Islamic principles, as the envoy revealed that Ankara plans to open a trade office at her embassy to better coordinate efforts to reinforce bilateral trade and investment relation

Cambodian and Turkish diplomats expressed their satisfaction and approval over some positive developments that will open the way to boosting trade relations between the two countries, especially for the sectors that have not yet met their potential relative to either market.