May Kunmakara | Publication date 23 September 2021 | 21:02 ICT
Cambodia has called for deeper trade and investment relations with Mauritius, as well as ramped up efforts to tap into a wealth of cooperation potential between the two countries across various fields.
The appeal was made by Ministry of Commerce undersecretary of state Pen Sovicheat at a meeting with Mauritian Ministry of Industrial Development, SMEs and Cooperatives senior chief executive Virendra Kumarsingh Daby on September 21 via video link.
Led by Sovicheat, the Cambodian delegation was made up of representatives of nine ministries.
Sovicheat noted that the two countries have drafted three memorandums of understanding (MoU) on industry, information technology, and financial services, calling on Mauritius to expedite their review so that proceedings can continue in the near future.
“The Republic of Mauritius will continue to engage with the Cambodian side through more formal mechanisms.
“[We also] urge the Mauritian side to consider strengthening trade and investment with Cambodia through the joint establishment of a business forum,” he said.
Sovicheat suggested this as a medium for “businesspeople and investors of both countries to highlight products and sectors with trade and investment potential”, which would be supported by the Cambodia Chamber of Commerce (CCC).
The CCC “has successfully worked with businesspeople and investors from many countries, including China, Singapore, Thailand, Russia and so on”, he said.
Daby outlined policies and strategies set by the Mauritian government, including institutional and regulatory reforms aimed at strengthening support for the development of small- and medium-sized enterprises (SME) and boosting the confidence of businesspeople and private investors in the country.
He noted that Indian Ocean island country east of mainland Africa has made positive progress on the World Bank Group’s Ease of Doing Business Index, which he chalked up as a result of these reforms.
“The Republic of Mauritius has promised to expedite the review of the memorandums of understanding with the relevant ministries and institutions,” Daby said.
Bilateral trade between Cambodia and Mauritius was worth a mere $2.4 million in 2019, of which Cambodian exports accounted for about $2.26 million, according to the commerce ministry.
The two countries established diplomatic relations on May 18, 1995.
The Ministry of Health has decided to lift the ban on travellers from or who have travelled through 10 African countries and instead issued a set of standard operating procedures to manage passenger arrivals at Cambodia’s international airports. The 10 African countries are Botswana, Eswatini, Lesotho,
Cambodia has arranged for the purchase of four million US-made Molnupiravir pills – enough to treat 100,000 Covid-19 patients – even though the current rate of daily infections in Cambodia remains low. The medicine will be distributed to state hospitals, pharmacies and private clinics, according to the Samdech
Prime Minister Hun Sen on December 6 expressed dismay after Vietnamese general Hoang Xuan Chien, formerly in charge of Vietnam’s border defences, claimed that Cambodia was a source of Covid-19 transmissions to the country. Speaking at the opening ceremony for National Road 11 connecting Prey Veng
The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’
Cambodia is looking into the possibility of opening a new Thma Da Border Checkpoint with Thailand to boost trade and tourism. The Ministry of Public Works and Transport said on December 4 that Minister of Public Works and Transport Sun Chanthol led a technical working group
Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be
Leave a comment