China eyes establishing additional Special Economic Zones in Cambodia
China eyes establishing additional Special Economic Zones in Cambodia
China agreed to explore the possibility of expanding or establishing more special economic zones (SEZ) in Cambodia. It pledged to encourage Chinese companies to invest in the Kingdom and expand agricultural imports from Cambodia.
Cambodian Foreign Minister Sok Chenda Sophea held bilateral talks with Wang Yi, Member of the Political Bureau of the Central Committee of the Communist Party of China (CPC), Director of the Office of the Central Commission for Foreign Affairs, and Minister of Foreign Affairs of the People’s Republic of China, during his official visit to China from 23-25 May 2024 in Beijing.
To further expand economic relations and cooperation, Wang Yi welcomed Foreign Minister Sok Chenda Sophea’s proposals for the Chinese side to explore the possibility of expanding or establishing more new special economic zones in Cambodia and to provide technical and vocational training to increase more skilled workforce in the Kingdom as well as affirmed support for major infrastructure development projects in Cambodia, such as in transportation, logistics and irrigation system as well as the strategically important Funan Techo Integrated Water Management project considering China’s long experience in these sectors.
Meanwhile, Wang Yi also pledged to encourage Chinese companies and enterprises to invest in Cambodia and increase the import of agricultural products from Cambodia. Both sides also agreed to promote further cooperation in various key and potential areas, such as education, tourism, modern agriculture, connectivity, digital economy, and artificial intelligence.
