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Cambodia SKorea bilateral trade soars

Saturday, February 27, 2010
Australia Network News

Cambodian exports to South Korea surged 391 percent in January compared with the same month last year.

Korea Trade-Investment Promotion Agency says the 4 point 3 million dollar rise comes amid an overall increase in bilateral trade between the two countries.

Korea Chamber of Commerce in Cambodia says rising demand from North America has also help spur the recovery in trade.

South Korea runs garment factories in the Kingdom, and Cambodia in turn imports raw materials for its primary export industry, so trade between the two is highly dependent on demand from the United States and Canada.

Last month rubber was Cambodia’s largest export to South Korea indicating the Kingdom’s intention to move into other export industries, particularly agricultural products.

Posted February 27, 2010 by viCheth

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