Preah Sihanouk provincial governor Mang Sineth and Zhao Jianjun, governor of Wuxi city in Jiangsu province, signed the agreement in the Chinese city.
The three key objectives of the agreement are promoting the development of the Preah Sihanouk Special Economic Zone (SSEZ), attracting investment from Wuxi city to Preah Sihanouk province and fostering people-to-people exchanges, according to a statement from the Preah Sihanouk provincial administration.
Zhao said the target is to attract 300 companies to the Preah Sihanouk Special Economic Zone and create 80,000 jobs. He sought support for the development of the solar and green energy sector and stressed on the need to reduce transportation costs, according to a Cambodian media outlet.
Direct flights between Wuxi city and Preah Sihanouk province commenced on May 18, 2025.
In the first four months this year, bilateral trade between Cambodia and China reached $5.69 billion, a 27-per cent increase year on year (YoY), according to Cambodian government statistics.
Cambodian exports to China saw a slight dip of 1.7 per cent YoY year-on-year during the period, totalling $478.63 million, while imports from China jumped significantly by 30.5 per cent YoY, reaching $5.21 billion.
ALCHEMPro News Desk (DS)
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