In a significant development, the Kingdom of Cambodia has reaffirmed its commitment to strengthening bilateral ties with Turkey, with the goal of achieving a two-way trade value of $1 billion. According to sources within the Ministry of Foreign Affairs and International Cooperation, Deputy Prime Minister and Minister Sok Chenda Sophea held productive talks with Turkish Ambassador Ulku Kocaefe on October 6, 2023.
On the sidelines of their meeting, the two dignitaries expressed their satisfaction at the existing cordial relations between Cambodia and Turkey, which are set to celebrate their 65th anniversary of diplomatic relations next year. They also agreed to jointly launch commemoration activities for this milestone, further emphasizing their commitment to strengthening bilateral ties.
The economic aspect of their talks highlighted the importance of trade and investment between the two countries. Both sides expressed deep appreciation for their existing cooperation in the field and pledged to explore opportunities to increase commercial activities. Her Excellency Kocaefe noted that Turkey has established a commercial counsellor’s office in Cambodia to facilitate bilateral trade and investment efforts.
The Deputy Prime Minister expressed gratitude towards the Turkish government for its development assistance to Cambodia, while Ambassador Kocaefe reaffirmed her country’s commitment to supporting Cambodia through various initiatives, including the Turkish Cooperation and Coordination Agency (TIKA).
In addition to economic cooperation, both sides also discussed areas of collaboration in culture, tourism, and education. They exchanged views on potential scholarships and training opportunities for Cambodian diplomats and students.
The development marks an important step forward in Cambodia’s efforts to strengthen its regional and international ties. With Turkey’s strategic location at the crossroads of Europe and Asia, this partnership has significant implications for Cambodia’s economic growth and cultural exchange.
In conclusion, the agreement between Cambodia and Turkey demonstrates the growing importance of bilateral relations in Southeast Asia. As both countries continue to navigate the complexities of global trade and diplomacy, it is likely that their partnership will yield tangible benefits for both nations in the years to come.
Bilateral Trade Goal: A Key Objective
- The two-way trade value of $1 billion represents a significant target for Cambodia and Turkey.
- Establishment of a commercial counsellor’s office in Cambodia aims to boost bilateral trade and investment efforts.
- Turkish government’s development assistance to Cambodia is expected to play a crucial role in achieving this goal.
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