PHNOM PENH, Feb 24 — Prime Minister, Datuk Seri Ismail Sabri Yaakob’s visit to Cambodia has further strengthened 65 years of bilateral ties that has been established between Putrajaya and Phnom Penh in areas across the board, including trade, investments, education and job opportunities.While Malaysia is keen to sell its golden crop, palm oil to Cambodia, likewise Phnom Penh has come forward and offered the export of more rice to Malaysia, which it believes could help raise bilateral trade.
Cambodia also wants Malaysian companies to explore the possibility to invest in rice milling activities, considering the kingdom is one of the best rice producers in the world. “I am confident that both countries will continue to work to strengthen existing cooperation and at the same time, uphold peace, stability and prosperity for the good of the people and the region,” he said after a four-eyed meeting with Hun Sen.Malaysia is the third largest investor in Cambodia with FDI worth US$3.53 billion from 1994-2020, just behind China and South Korea. Malaysia’s investments are mainly in the banking, telecommunications, power generation and entertainment sectors.
Among others, Malaysia welcomed the recent opening of Cambodia’s international border. Malaysia will also inform about the status of its border opening in the near future. Ismail Sabri said he had also suggested to Prime Minister Hun Sen that Malaysia helps Cambodia to develop devices or applications that help manage Covid-19 at the national level such as MySejahtera.
“I am very happy with the outcome of my first official visit to Cambodia. My visit is a sign of the importance of Cambodia as a neighbour and a member of the Asean family.
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