The inaugural Bangladesh Trade and Investment Conference was held in Phnom Penh yesterday, with the South Asian nation looking to establish a joint trade chamber with Cambodia in the hopes of improving bilateral trade and investment activities.
Bangladeshi Ambassador to Cambodia Saida Muna Tasneem said that each country’s chamber of commerce would play a main role in sharing potential sectors with each other and push for business matching. “We want our chambers to form a joint chamber. That is very helpful because the chambers know about business needed between the two countries,” said the Ambassador, noting that there was a sizeable information gap on exports due to the nations not having resident embassies.
“We are LDCs [least developed countries] but we have comparative advantages. We produce products that Cambodia doesn’t have and Cambodia produces products that we don’t manufacture, so we can easily increase our exports,” added the Bangladeshi diplomat.
The total trade in 2015 between the two countries was valued at $6 million, according to figures from the Bangladeshi embassy. Cambodia’s exports to Bangladesh include cotton, edible oil, fertiliser, clinker (cement), staple fibres and yarn.
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