Cambodia, Nepal look to deepen economic ties

The first Cambodia-Nepal Trade and Investment Framework Agreement Council meeting on April 8. - COMMERCE MINISTRY

PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia and Nepal are committed to further strengthening and expanding bilateral ties and cooperation in the fields of economics, commerce, agriculture, energy and investment to further boost bilateral trade and pull the economies out of their Covid-19 slump, according to the Cambodian Ministry of Commerce.

At the first Cambodia-Nepal Trade and Investment Framework Agreement (TIFA) Council meeting on April 8, commerce ministry secretary of state Sok Sopheak noted that the Cambodian economy is expected to grow 5.6 per cent this year, before accelerating to 6.6 per cent and seven per cent in 2023 and 2024, respectively, the ministry said in a statement on April 12.