The 7th Cambodia Import-Export & One Province One Product Exhibition 2012 opened in Phnom Penh on December 15, attracting 200 businesses from 20 countries including 37 from Viet Nam.
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A Vietnamese stall
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Cambodian Commerce Minister Cham Prasith used the opening ceremony to emphasize the event’s aims to boost the country’s imports and exports, introduce quality domestic and foreign products to visitors, and encourage trade exchange opportunities for Cambodian businesses and foreign partners.
The fair features 400 stalls showcasing agricultural products, household commodities, cosmetics, jewelry, electronics, tourism, and banking services.
Vietnamese businesses are exhibiting pepper, frozen seafood, coffee, and processed food.
Viet Nam’s Ministry of Agriculture and Rural Development and Ministry of Industry and Trade used the occasion to organize a Viet Nam-Cambodia agricultural cooperation forum in coordination with Cambodia’s Ministry of Commerce.
It hopes to increase the competitiveness of and uncover investment opportunities for Vietnamese businesses entering Cambodia.
During the 2001–2011 period, two-way trade turnover between Viet Nam and Cambodia grew by 23% annually—from US$169 million in 2001 to US$2.83 billion in 2011.
Cambodia is now one of Viet Nam’s major export markets.