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Cambodia launches 3-year economic diplomacy strategy


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PHNOM PENH, Jan. 18 (Xinhua) -- Cambodia on Monday launched a three-year economic diplomacy strategy (2021-2023), aiming at enhancing ties in trade, investment, tourism and culture between the kingdom and friendly countries. Deputy Prime Minister and Foreign Minister Prak Sokhonn said the strategy would serve as a roadmap for ministries and institutions to strengthen their work efficiency in economic diplomacy to help support economic growth, reduce the country's reliance on external aid, and enhance the country's interest in the region and in the world.


"The strategy mainly focuses on four goals: promoting international trade, attracting foreign direct investment (FDI), enhancing tourism, and promoting cultural exchange including the promotion of Cambodian food," he said at the launching ceremony in Phnom Penh. Sokhonn said the Ministry of Foreign Affairs and International Cooperation would act as a coordinator to help relevant ministries and institutions to attract FDI, to increase bilateral and multilateral trade volumes, and to attract tourists through promoting cultural value abroad.


He is confident that the strategy will contribute to supporting the kingdom's economic growth, which has been hit hard by the impact of the COVID-19 pandemic.

According to Sokhonn, the pandemic has seriously hit the kingdom's manufacturing industry, tourism, transportation and real estate. At the event, a book featuring Cambodian food entitled "The Taste of Angkor" was also launched.



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