Friday, July 29, 2011

Cambodia, North Korea Update Package of Agreements

Thursday, 28 July 2011
Kong Sothanarith, VOA Khmer | Phnom Penh

“And both sides are committed to encourage trade exchange.”

Cambodia and North Korea agreed on a seven-point agreement on economics, agriculture, information technology, health and other initiatives, in an effort to strengthen bilateral cooperation.

The North Korean delegation was led by Ri Myung-san, deputy minister of trade for North Korea. The agreements included resource sharing for improved production of rice, corn and beef, as well as a reforestation project, in Cambodia. Cambodia agreed to share expertise in aquaculture.

Wednesday’s agreements were a revamping of deals the countries have had since 1993.

“And both sides are committed to encourage trade exchange,” Ouch Borith, secretary of state for the Ministry of Foreign Affairs, told reporters following the half-day meeting Wednesday.

Cambodia and North Korea enjoy friendly relations, in part due to former king Norodom Sihanouk’s close ties to the government there. North Korea has little investment in Cambodia, however, save for a few restaurants.

Ouch Borith said North Korea showed some interest in importing Cambodian rice and other agricultural products.

No comments: