SEOUL, June 15 (AJP) - South Korea discussed ways to broaden economic and trade cooperation with Cambodia, the Ministry of Trade, Industry and Resources said on Monday.
Trade Minister Yeo Han-koo met with Cambodian Deputy Prime Minister Sun Chanthol in Seoul and held talks on expanding bilateral economic cooperation and strengthening collaboration in future industries.
The meeting was requested by Chanthol, who is in South Korea to attend an investment blitz slated to be held in Incheon on Tuesday, which is expected to draw more than 200 business leaders from both countries to explore investment opportunities, share success stories, and build networks.
During their talks, Yeo and Chanthol discussed a range of issues including ways to deepen cooperation through a future free trade agreement, as well as official development assistance (ODA) programs and international projects to reduce greenhouse gas emissions.
According to the ministry, South Korea's trade with the Southeast Asian country, which has emerged as a new production base for ASEAN countries, has risen from US$966 million in 2021 to $1.16 billion last year and has continued to grow this year.
Chanthol thanked Yeo for South Korea's ODA projects in Cambodia, saying they provide practical support for the country's industrial development and workforce training, and expressed hope for expanded cooperation.
The ministry said it will continue to expand cooperation with Phnom Penh to help South Korean companies make inroads into the Cambodian market.
Trade Minister Yeo Han-koo met with Cambodian Deputy Prime Minister Sun Chanthol in Seoul and held talks on expanding bilateral economic cooperation and strengthening collaboration in future industries.
The meeting was requested by Chanthol, who is in South Korea to attend an investment blitz slated to be held in Incheon on Tuesday, which is expected to draw more than 200 business leaders from both countries to explore investment opportunities, share success stories, and build networks.
During their talks, Yeo and Chanthol discussed a range of issues including ways to deepen cooperation through a future free trade agreement, as well as official development assistance (ODA) programs and international projects to reduce greenhouse gas emissions.
According to the ministry, South Korea's trade with the Southeast Asian country, which has emerged as a new production base for ASEAN countries, has risen from US$966 million in 2021 to $1.16 billion last year and has continued to grow this year.
Chanthol thanked Yeo for South Korea's ODA projects in Cambodia, saying they provide practical support for the country's industrial development and workforce training, and expressed hope for expanded cooperation.
The ministry said it will continue to expand cooperation with Phnom Penh to help South Korean companies make inroads into the Cambodian market.
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