[PHNOM PENH POST]
China commerce
Bilateral
trade between Cambodia and China reached US$498 million in the first
quarter, soaring 216 percent from the same period last year, according
to the Ministry of Commerce.
Cambodia exported $42 million worth
of goods to China between January and March, an increase of 342 percent
from the same quarter a year ago. Meanwhile, the Kingdom’s imports from
China jumped 208 percent to $456 million for the period, the statistics
show.
Government officials highlighted close ties between the two nations as main drivers of growth in trade.
“The
sharp rise comes thanks to the economic recovery and closer economic
and social ties between the two countries,” said Kong Putheara, Director
at the Commerce Ministry’s Statistics Department.
Cambodia’s
main imports from China were garment raw materials, machinery, food and
electronics, while China imported agricultural products, rubber, timber
and garments from the Kingdom.
Total trade between the two
countries in 2010 registered at $1.4 billion. Officials from the two
governments pledged to boost total bilateral trade to $2.5 billion by
2012 during a meeting in Phnom Penh last month.
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