US, Cambodia trade reaches $3 billion

[geovalin]

The trade volume between Cambodia and the United States in 2016 reached about $3 billion, while nearly 240,000 American tourists visited the kingdom. Foreign Ministry spokesman Chum Sounry told reporters yesterday after a meeting between Foreign Minister Prak Sokhonn and Mom Rady, a Democratic member of the Massachusetts House of Representatives, that Cambodia saw an increase in the number of visitors from the US last year.
 

“The trade volume between the two countries reached about $3 billion,” he added. Mr. Rady said Cambodia had made remarkable progress, especially in security and infrastructure.
 

According to the Council for the Development of Cambodia (CDC), US injections of capital into Cambodia ballooned from about $7.5 million in 2015 to almost $122 million in 2016. Commerce Ministry spokeswoman Soeng Sophary told Khmer Times recently that the increase in investment from the US was due to Cambodia’s Industrial Development Policy, which she said provided more support for investors and built trust with them.

 

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-- © Copyright Khmer Times 30/03

[rijb]

Now they can pay their bills.