Trade Minister Bolat: Aiming to Boost Trade with Cambodia to $1 Billion

Minister of Trade Ömer Bolat affirmed Turkiye’s commitment to increasing bilateral trade with Cambodia to $1 billion during a meeting with Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea.

Minister Bolat highlighted the meeting, which took place at the Ministry of Trade, on social media, emphasizing the focus on strengthening trade relations between Turkiye and Cambodia. The meeting coincided with the celebration of the 65th anniversary of diplomatic relations between the two nations.

Bolat remarked, “We are pleased that the trade volume between Turkiye and Cambodia has tripled over the last decade, reaching $238 million in 2023. Despite this growth, there is significant potential for further development. We will continue to work determinedly to achieve our goal of increasing bilateral trade volume to $1 billion in the coming years. Cambodia’s rapidly developing economy and its membership in the Association of Southeast Asian Nations (ASEAN) present great opportunities for Turkish companies.”

He noted that Cambodia holds high potential for cooperation in sectors such as green energy, furniture, medical devices, and textiles, particularly in agricultural industry investments and food processing sectors. Turkish contractors, Bolat suggested, could significantly contribute to Cambodia’s infrastructure projects.

Additionally, Bolat pointed out that the commencement of direct flights between Istanbul and Phnom Penh by Turkish Airlines would enhance interactions between the two countries. He affirmed that joint efforts to further deepen and expand bilateral relations would continue.

Source: AA / Prepared by Irem Yildiz

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