Phnom Penh (FN), Apr. 9 – Cambodian President of the Senate, Samdech Techo Hun Sen proposed a collaboration between KSI Strategic Institute for Asia Pacific and AVI Institute of Cambodia to enhance regional market relations, particularly between ASEAN and China.
Samdech Techo’s proposal was raised when he received a courtesy call by President of the KSI Strategic Institute for Asia Pacific Tan Sri Michael Yeoh on Tuesday morning (Apr. 9) at the Senate.
President of the Senate warmly welcomed the visit of Tan Sri Michael Yeoh and the delegation to Cambodia. Samdech Techo also expressed sincere gratitude to Tan Sri Michael Yeoh for his unwavering support for Cambodia, particularly during Cambodia's hosting of ASEAN in 2022.
For his part, President Tan Sri Michael Yeoh thanked Samdech Techo for allowing him and his delegation to pay a courtesy call. He reiterated that the leadership of Samdech Techo has brought peace, stability and security to Cambodia, improved the socio-economic sector and transformed the kingdom into a fast-growing country in the region. Tan Sri Michael Yeoh also praised Cambodian Prime Minister Hun Manet for his long-term vision, wise leadership, and hoped for Samdech to bring new achievement for the kingdom in a new era.
In addition, he also briefed Samdech about his plans to attract numerous entrepreneurs and investors focusing on the financial sector, agriculture, and biomass-derived energy to Cambodia.
For his part, Samdech Techo added that consideration should be given to collaborating with partners in Cambodia and focusing on trade-oriented ASEAN-China relations. He considered China as a significant market for ASEAN, given its large population, surpassing the combined populations of the United States and Europe. Samdech Techo underlined China's substantial demand, suggesting a closer examination of this market and exploration of distant markets.
Samdech Techo Hun Sen compared Cambodia's trade dynamics during the COVID19 pandemic to the pre-pandemic period, noting a significant increase in trade with ASEAN countries, including Viet Nam, Thailand, Malaysia, and China. Samdech Techo recommended focusing on regional markets, highlighting existing agreements including the Regional Comprehensive Economic Partnership (RCEP) and the China-ASEAN Free Trade Agreement, as well as enhancing collaboration between each ASEAN member and other countries.
On the occasion, Samdech Techo proposed a collaboration between the KSI Strategic Institute for Asia Pacific and AVI Institute of Cambodia to promote regional market relations, especially between ASEAN and China.
=FRESH NEWS
