Friday, March 02, 2007

Triet's visit is said to help boost VN-Cambodia economic ties, but with trade imbalance, the economic ties are to the detriment of Cambodia

March 1, 2007
President's visit helps boost Vietnam-Cambodia economic ties

VNA

President Nguyen Minh Triet said that his visit to Cambodia was aimed at boosting comprehensive co-operation between the two countries in many areas, particularly in economics.

The State president arrived in Hanoi on the afternoon of March 1, wrapping up his three-day state-level visit to Cambodia at the invitation of King Norodom Sihamoni.

The president said that during their meetings, the Cambodian King and leaders expressed their fine sentiments towards the Vietnamese people and thanks to the Vietnamese people, especially the voluntary soldiers for helping the Cambodian nation escape from genocide.

"We also thank the Cambodian Government and people for their assistance to the Vietnamese people during the past struggle for national liberation and the current process of national construction," the state leader said. He went on to say that therefore, the two sides should further boost their co-operation and maintain their friendship and sincerity for mutual development.

President Triet said political ties between Vietnam and Cambodia have been maintained through frequent visits by leaders of both countries. Economic and commercial relations have also progressed though they are yet to match the political ties, he continued.

In the future, according to the president, Vietnam and Cambodia will focus on accelerating their economic and trade co-operation. "The traditional friendship and solidarity and comprehensive co-operation enable us to trust more in each other, so all difficulties and problems will be discussed in a straightforward and open manner, helping make co-operation more efficient," he said.

Regarding the prospects for Vietnam-Cambodia ties in economy, trade and investment, President Triet said he was optimistic about the co-operation potential in these fields after attending a forum held by Vietnamese and Cambodian businesses on investment environment in the two countries.

The President was accompanied by more than 60 Vietnamese entrepreneurs in his Cambodia visit.

Apart from boasting diversified co-operation potential in many fields like agriculture, industry, commerce and tourism, both Vietnam and Cambodia have open and transparent policies, creating propitious conditions for operation of businesses, said President Triet. In addition, both leaders and people of Vietnam and Cambodia have strong desires for national development.

The President added that Vietnam and Cambodia are both members of the World Trade Organisation (WTO) and they have seaports and airports which facilitate their exports.

He affirmed that the traditional friendly political relations and the closeness in terms of geography of Vietnam and Cambodia, as well as the traditional solidarity between the two people, would also help business circles of the two countries to co-operate more effectively.

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