PHNOM PENH, March 4 (Xinhua) -- Cambodia will benefit from at least half of the aid that the European Union (EU) plans to provide for the Association of Southeast Asian Nations (ASEAN), national media said on Wednesday.
EU is considering allocating 70 million euro (about 87 million U.S. dollars) of aid for ASEAN, Chinese-language newspaper the Jian Hua Daily quoted visiting EU officials as saying here on Tuesday.
Although 2009 is a tough year for all economies, EU will still keep its market open and try to grant more orders for Cambodia, according to the officials.
The international status of Cambodia is being improved, and it has been chosen as the location for a ministerial meeting between EU and ASEAN in May, they added.
Cambodia used to maintain good trade relationship with EU, which was the second largest importer of its garment products.
EU is considering allocating 70 million euro (about 87 million U.S. dollars) of aid for ASEAN, Chinese-language newspaper the Jian Hua Daily quoted visiting EU officials as saying here on Tuesday.
Although 2009 is a tough year for all economies, EU will still keep its market open and try to grant more orders for Cambodia, according to the officials.
The international status of Cambodia is being improved, and it has been chosen as the location for a ministerial meeting between EU and ASEAN in May, they added.
Cambodia used to maintain good trade relationship with EU, which was the second largest importer of its garment products.
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