Cambodian biz group to bring high-level delegation in PHL in 2017

Top firms in Cambodia will bring a high-level business delegation in the Philippines next year, Department of Trade and Industry (DTI) Secretary Ramon Lopez said in a text message Thursday.

This is an offshoot of President Rodrigo Duterte's state visit in Cambodia from Dec. 13 to 14.

Lopez said Cambodian businessmen were particularly interested in agribusiness, tourism, and energy sectors.

"President Duterte met the Cambodia Chamber of Commerce which shared its eagerness to deepen trade and investment ties with Filipino companies. They are considered the top companies in Cambodia that collectively account for 80 percent of the economy in their country," the DTI chief noted.

"The group committed to pursue talks with their potential partners and that they will bring a top-level business delegation in 2017," he added.

Lopez said that during a bilateral meeting, President Duterte and Cambodian Prime Minister Hun Sen agreed to further strengthen the two countries' economic and trade relations.

"[They] assigned the trade ministers to mount investment missions and industry matching to explore further business opportunities in both countries," he said.

"The President suggested more agri-industrial projects, tourism projects, professional services like engineering, architecture, and other infrastructure-related projects, information technology and education ventures as possible areas of cooperation," he added.

Source: Philippines News Agency

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