Heng Sour, Minister of Labor and Vocational Training, said that Cambodia is ready to support Japanese investors who want to invest in Cambodia and expand labor cooperation between Cambodia and Japan.
The leaders of Japan, the United States and the Philippines are likely to agree to step up cooperation in economic security when they hold a summit next week.
Recently, the Thai Parliament endorsed the Thailand-Sri Lanka Free Trade Agreement (FTA), awaiting ratification by both the nations.
Two American halal certification bodies recently got accredited in Indonesia just months before halal labeling became mandatory in the Muslim-majority country.
The Vietnamese and Indonesian economies share many similarities, conducive to cooperation in trade, agriculture, and fisheries promotion, said experts at a symposium held in Ho Chi Minh City on April 1.
The relationship between Cambodia and Thailand has seen improvements due to shared economic interests and a shift in domestic politics, despite historical antagonisms and territorial disputes. But complexities persist, such as immigration control issues related to Cambodian migrant workers in Thailand, a need for increased people-to-people exchange and the low-level of bilateral trade. Concerted efforts from both nations will be needed to maintain peace, stability and prosperity.
The Lao private sector is optimistic about the potential growth in trade, investment and tourism between Cambodia and Laos, following a pledge by both countries’ leaders to enhance economic and tourism relations and the resumption of direct flights between Vientiane and Phnom Penh by national flag carrier Lao Airlines.
THE PHILIPPINES could ratify the free trade agreement (FTA) with South Korea by the middle of the year, with no issues expected to arise from the deal, according to the Department of Trade and Industry (DTI).