PUTRAJAYA: Malaysia and Cambodia today agreed to convene a Joint Trade Committee (JTC) this year to explore potential trade and investment as well as tourism that will benefit both countries, said Prime Minister Datuk Seri Anwar Ibrahim.
He said under this new trade mechanism, both countries would explore cooperation between the Customs Departments to facilitate the movement of goods.
“We have a huge potential in terms of boosting trade volumes of palm oil and white rice, and the trade ministries of both countries will use the JTC platform to address these challenges and find solutions in both trade and tourism.
“Investments have been there but we should expect more investments into Cambodia and from Cambodia into Malaysia,” he said during a joint press conference with his Cambodian counterpart, Hun Manet, at Perdana Putra here today.
Meanwhile, Anwar said the value of investments by Malaysian companies in Cambodia has exceeded US$3 billion (US$1=RM4.78) to date. - Bernama