“Getting India market is to diversify the market, over the existing FTA markets that we have with China, Korea and RCEP,” he said.
In January-November last year, bilateral trade between the two countries amounted to $274.2 million, up by 57.2 per cent year on year (YoY) from $174.3 million. Cambodian exports to India were valued at $113.8 million in the first 11 months of 2021, a 99 per cent YoY surge from $57 million.
“Although at low, the bilateral trade has increased steadily yearly. Meaning that our relations become closer in both trade and economic cooperation,” Sovicheat was quoted as saying by a Cambodian English-language daily.
A high-level delegation of the lower house of the Indian parliament led by speaker Om Birla is in Cambodia on a four-day official visit starting April 21.
ALCHEMPro News Desk (DS)
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