Cambodia, China eye 5 billion USD trade volume by 2017

Rice is one of the main exports of Cambodia (Photo:Internet)

Phnom Penh (VNA) – Cambodia and China have agreed to boost trade turnover to 5 billion USD by 2017, according to Cambodian Minister of Commerce Sun Chanthol.

Sun said that the country wishes to attract more investments from China, especially in the fields of food processing and industry.

Cambodia is making efforts to reduce electricity cost and transport service fees as well as strengthen vocational training and set up more special economic zones with the aim of luring foreign investments, he added.

According to a Cambodian economist, the country also needs to attract investments from other countries to ensure a stable economic development and avoid dependence on any country as a source of investment.

Currently, China is the largest investor in Cambodia with over 10 billion USD, followed by the Republic of Korea and the European Union (EU) with 4.4 billion USD and 3.7 billion USD, respectively.-VNA