Acting Head of State explains Cambodia’s trade imbalance with partners

Acting Head of State explains Cambodia’s trade imbalance with partners

Acting Head of State Hun Sen has explained the Kingdom’s trade imbalance with her trade partners, stressing that in this world, it is rare to achieve a trade balance between countries.

At a get-together and solidarity dinner with the Cambodian Oknha Association held on Friday evening, Mr Hun Sen said that while Cambodia imports more from China, Thailand and Vietnam than her exports to those countries, the Kingdom’s exports to the US, Japan and Malaysia exceed her imports.

Cambodia needs a lot of raw materials for her garment sector, that is why she imports a lot from China, he explained, adding that for the trade exchange with the US, Cambodia does not have much demand for supplies from the US.

According to the former Prime Minister, Cambodia used to be an import-dependent country, but it has now become a manufacturing country with her export volume exceeding $20 billion.

“Those who do not understand the trade relations between countries should not pretend to be economic intellectuals or want to be leaders,” said Mr Hun Sen. “Those who like to blame and humiliate their own nation are not human beings, they are animals.”

khmertimeskh