2012-05-19
Xinhua
PHNOM PENH - Cambodian and Chinese firms on Friday signed a number of memorandums of understanding (MOUs) on business cooperation in the fields of agriculture, mineral resources, food, garment, and electronic products.
Ten MoUs were signed between Chinese companies and a Cambodia's Power Partner Profit Group under the witness of Serei Kosal, Cambodia's senior minister in charge of special mission.
The Chinese firms engaged in the MOUs including Yunnan Yunmanganese Group doing business in mineral exploitation, water resource and electric power, real estate and rubber; Sinsing Rubber; Sichuan Jingong Chuanpai Flavoring; and Gao Shun Settles Down doing business in cassava.
Speaking at the signing ceremony, Lt. Gen. Yim Sawvy, Chief Executive Officer of Cambodia's Power Partner Profit Group, said the 10 MOUs are involved in the business cooperation on natural rubber, rice, cassava, wooden furniture manufacturing, black pepper, mineral resources, electronic projects, industrial equipment products, clothing material, and chicken soup ingredient products.
He said through the MOUs, his group of companies expect to export 60,000 tons of rubber latex, 500,000 tons of rice, 1 million tons of cassava, and 3,500 tons of black pepper to China to supply those Chinese firms.
Vijit Yang, chairman of ASEAN-China Economy and Trade Promotion Association, which coordinated the business cooperation, said that through the MOUs, the bilateral trade and investment between Cambodia and China will be further promoted and the two countries' investors have moved closer.
Meanwhile, Serei Kosal said the cooperation would deepen business relationship and strengthen connection between Cambodia's business people and China's investors.
"Cambodia sees China as a big market for Cambodian products, especially for agricultural ones," he said, "we hope to see more Cambodia's exports to China after the MoUs were signed."
8 comments:
Business link with China for Cambodia is a far better option than Vietnam which has always had territorial ambition on Cambodia by means of investments etc...
oh yeah, right.. get ready to be chinese slavery gain....... oh yeah 2 million khmer lives... now a new trick to play with khmers' lives a gain.
sound good when we're speak about business in Cambodia.
my understanding any business doing in Cambodia the profits go to a few top minister government corruption families tree's.
the poor will suffering and poorest
under dechor (Hun sen) rules Khmer farmer and other hard working innocence will paid the prices as today's we face..
That's great !!! We will export what we have and import anarchy , bribery , shooting spree .....Great country !!!
yuon is using stooge cambodian gov cpp to get money from china so that viets can keep investing. the money from china thru corrupted cpp goes to vietnam. khmer people are the one to pay debts not hun sen family.
ung bun hieng please draw a cartoon on this
"He said through the MOUs, his group of companies expect to export 60,000 tons of rubber latex, 500,000 tons of rice, 1 million tons of cassava, and 3,500 tons of black pepper to China to supply those Chinese firms."
=Is this impressive? No! Under AH HUN SEN regime Cambodian people are too dumb to turn these raw materials into products! How many countries on Earth get wealthy by selling their natural resources?
Oh geez, the Chinese got the money, they can do whatever they want in Cambodia. It's all the profits and bribe the officials. What's new?
We are a bunch of losers, what can we do? You think that what we type here online will be read by the people on the street? You can vent all you want, reality is it ain't doing nothing to the lives of the people.
To 1:52AM
Say what you want! Allow Cambodian people to voice their concerns!
So what if the Chinese has the money! There are certain that money can’t buy!
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