Malaysian trade agreement inked at Phnom Penh business forum
Cambodia and Malaysia took strides on August 9 to enhance bilateral trade and investment, holding a business forum in Phnom Penh and inking a cooperation agreement aimed cementing existing ties – and forging new ones. Malaysia is one of the top investors in Cambodia, and a cornerstone investor in its financial sector, CCC president Kith Meng said, adding that Malaysia provided $608 million in FDI to Cambodia in 2014. Citing government figures, Meng said bilateral trade between Cambodia and Malaysia topped $388 million last year, with Cambodian exports amounting to $152.6 million while imports totalled $235.4 million. Dzulkifli Mahmud, CEO of MATRADE, said the MoU would pave the way for more investment and Malaysian companies were already looking into a number of sectors.
