PHNOM PENH: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and Cambodia Chamber of Commerce (CCC) have launched a joint initiative to enhance economic cooperation and increase bilateral trade.
The two chambers signed a memorandum of understanding (MoU) on Tuesday to formalise their collaboration, according to a statement from CCC.
ACCCIM President Datuk Ng Yih Pyng said the delegation aimed to partner with its Cambodian counterpart to explore new economic opportunities in the Kingdom.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});“The main objective of the visit is to explore potential cooperation and promote sustainable events in Asean,” said Ng.
The MoU sets out a framework for promoting economic ties and encouraging trade and investment between both countries.
Bilateral trade between Malaysia and Cambodia reached about RM3.7 billion (US$865 million) in 2024.
Malaysia’s key exports to Cambodia include petroleum products, chemicals, textiles, apparel, footwear, metals, and non-metallic mineral products.
Cambodian officials pointed to the country’s young and energetic workforce, a productive investment climate, and supportive government policies as key advantages.
“There is a close economic relationship between Cambodia and Malaysia, strong trade demand, and Malaysian investment in key sectors,” said CCC Vice President Sok Piseth, according to the statement.
