ASEAN HEADLINE-China-ASEAN Expo | Cambodia to showcase major investment, industrial products at the 21st China-ASEAN Expo
.
.
.
The 21st China-ASEAN Expo is set to take place from September 24 to 28, 2024, in Nanning, Guangxi Zhuang Autonomous Region, in China. This annual exhibition, which started in 2004, will see Cambodia participating prominently for the third time, having been the host country in 2008 and 2018.
Memento Maxima Digital MarketingPen Sovicheat, Secretary of State and Spokesperson of the Ministry of Commerce announced that Cambodia will present several key investment projects at the Expo. Notably, the Sihanoukville Special Economic Zone and Koh Kong province will be showcased to attract investment partners in sectors such as footwear, travel products, and financial services. Additionally, agricultural products like rice, pepper, and cashew nuts, along with agri-commerce items such as confectionery, dried fruits, coffee, tea, and processed foods, will be featured. Industrial products, including marble, handicrafts, souvenirs, jewellery, and precious stones, will also be highlighted.
The Ministry anticipates an increase in Cambodian enterprise participation, with an expected 60–70 companies, up from 55 in 2023.
Sovicheat emphasised the significance of the China-ASEAN Expo as a platform for leaders from China and ASEAN to discuss policies, and strategies and strengthen ties. He highlighted Cambodia’s efforts to promote its potential products in international markets, explore export opportunities, and attract foreign investment. The Expo will also allow Cambodia to showcase its rich culture and civilisation on an international stage, reinforcing political and diplomatic ties and supporting initiatives like the Belt and Road and Silk Road Initiatives.
Prime Minister Hun Manet will lead a high-level Cambodian delegation to attend the expo’s inauguration on September 24, 2024.
In the first six months of this year, Cambodia’s exports to China reached $814.829 million, a 14.2% increase, while imports from China amounted to $6.4 billion, up 19.4%. China remains Cambodia’s top trading partner, followed by the United States, Vietnam, Thailand, and Japan. The Regional Comprehensive Economic Partnership Agreement (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA) have significantly contributed to this trade growth, providing preferential tariffs for Cambodian agricultural products like rice, yellow bananas, mangoes, cassava, and pepper.
@[email protected]
