Cambodia has expressed its willingness to further strengthen cooperation in all fields with Italy and other European Union countries by promoting more investment in Cambodia.
Pan Sorasak, Minister of Commerce, paid a courtesy visit to Lorenzo Galanti, the new Italian Ambassador to Cambodia, and his colleagues to discuss the progress of bilateral economic and trade cooperation. According to a report by the Ministry of Commerce, the trade volume between Cambodia and Italy reached about $348.3 million in 2018 and increased by 7.74% to reach $375.3 million in 2019. With Covid-19 crisis, trade volume decreased to $331.6 million in 2020. but increased slightly to $334 million in 2021.
Lorenzo Galanti, Ambassador of Italy, acknowledged the country’s pace of development in all areas, especially Cambodia’s recent growth in international trade. Furthermore, the Ambassador highlighted Italy’s preparation to host the World Expo in Rome in 2030.
Commerce Ministry spokesman Pen Sovicheat said Khmer time that during the visit, the discussion was aimed at increasing the volume of exchanges. “As we all know, Italy is a member of the European Union and most of Cambodia’s exports are clothes, shoes, travel bags and agricultural products, with rice being the main commodity in the European market. . Exports of goods are increasing every year to Italy and other European markets.
“Therefore, in view of the expansion of our trade, we are making efforts to target more customers who order Cambodian products, including textiles, footwear, bicycles and luggage.
- Keywords: Cambodia Italy trade, Italy