Phnom Penh (FN), Apr. 23 – The Royal Government of Cambodia and the Government of the People’s Republic of China agreed to deepen synergy between the Belt and Road Initiative and the Pentagonal Strategy-Phase 1 to build a community with a shared future.

The agreement was made during Chinese Foreign Minister Wang Yi's official visit to Cambodia on 21-23 April 2024.

"Both sides agreed to deepen synergy between the Belt and Road Initiative and the Pentagonal Strategy-Phase 1, expedite the formulation of the cooperation plan for the Industrial and Technological Corridor, advance the preliminary planning and design of the Cambodia-China Railway, and deliver on the Chinese Agricultural Demonstration Centre and other early harvest projects of the Fish and Rice Corridor, deepening Cambodia-China Comprehensive Strategic Partnership of Cooperation. The two sides will ensure high-quality implementation of the China-Cambodia Free Trade Agreement, promote imports of Cambodian agricultural products to China, and encourage more Chinese businesses to invest in Cambodia," according to the joint press release seen by Fresh News on Tuesday (Apr. 23).

China's Belt and Road Initiative (BRI) was initiated by Chinese President Xi Jinping in 2013 that seeks to connect Asia with Africa and Europe via land and maritime networks with the aim of improving regional integration, increasing trade and stimulating economic growth.

The Pentagonal Strategy-Phase 1 was introduced by the seventh-mandate Royal Government of Cambodia under the leadership of Cambodian Prime Minister Hun Manet. The strategy adopts five key priorities, namely People, Road, Water, Electricity, and Technology.
=FRESH NEWS