Saturday, April 08, 2006

Trade with China could reach $1 billion by 2010 - in exchange Hun Sen reiterates one-China policy

Chinese Prime Minister Wen Jiabao (L) and Cambodian Prime Minister Hun Sen (R) stand side by side during a ceremony following the signature of agreements between the two countries in Phnom Penh. Wen is in Cambodia as the impoverished nation courts Beijing in a bid to boost development and strengthen its economy.(AFP/Tang Chhin)

Chinese PM calls for more trade with Cambodia
AFP
08 April 2006

China and Cambodia should double two-way trade to one billion dollars a year by 2010, visiting Chinese Prime Minister Wen Jiabao has proposed, officials in the host country said.

The Chinese delegation, on a two-day visit, also pledged 600 million dollars in new aid and loans for two new bridges and other projects in Cambodia, said Srey Thamrong, spokesman for Cambodian Prime Minister Hun Sen.

During Wen's visit, the two countries also signed 11 new agreements in areas including health, telecommunications, fighting transnational crime and protecting Cambodia's ancient Angkor temple complex.

Hun Sen's assistant Eang Sophalleth said Wen had praised bilateral ties.

"He thanked Cambodia's government for keeping the one-China policy and supporting the unification of China with the total refusal of independence for Taiwan." Communist China considers the island part of its territory.

China-Cambodia trade reached 500 million dollars last year, said Eang Sophalleth.

Chinese investment is growing in the impoverished Buddhist kingdom, and Beijing pledged more than 400 million dollars in projects, grants and loans to Cambodia when Hun Sen visited China last year.

Wen's state visit marks the end of a tour that has also taken him to Australia, Fiji and New Zealand. He is the most senior Chinese leader to visit Cambodia since Beijing's leadership change in 2003.

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