Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, Italy pledge enhanced economic ties

Cambodia, Italy pledge enhanced economic ties

Content image - Phnom Penh Post
A meeting between acting Minister of Commerce Kem Sithon and newly appointed Italian ambassador to Cambodia Paolo Dionisi, who resides in the Thai capital Bangkok. COMMERCE MINISTRY

Cambodia, Italy pledge enhanced economic ties

Following discussions on the opportunities of a bilateral trade cooperation framework, Cambodia and Italy announced their commitment to strengthen investment relations, as trade between the two has grown to more than $400 million this year.

The pledge came during a meeting between acting Minister of Commerce Kem Sithon and newly appointed Italian ambassador to Cambodia Paolo Dionisi, who resides in the Thai capital Bangkok.

Sithon stressed the importance of the friendship between the two countries and thanked Italy for its support in the development of many important areas, including Covid-19 vaccine donations through the EU Civil Defense Mechanism and the COVAX initiative.

“These activities have contributed to the Kingdom’s economic development. Cambodia is committed to working closely with the ambassador during his mandate,” he said.

In response, Dionisi thanked the ministry for its work to promote future trade between the two nations.

He expressed his optimism that Italian businesspeople and investors would visit Cambodia to learn more about the economic opportunities it offers.

Dionisi also congratulated the Kingdom on its selection as the best milled rice in the world at the recent World Rice Forum.

“Italy intends to provide assistance for the preservation of temples in the Angkor area and Phnom Penh. We have also requested further cooperation into examining the possibility of signing a memorandum of understanding between the two sides,” he added.

According to the General Department of Customs and Excise of Cambodia (GDCE), from January to November this year, trade between Italy and the Kingdom reached $409.34 million, an increase of 36.67 per cent over the same period in 2021.

Cambodia predominantly exported consumer goods such as clothing and footwear to Italy, while importing Italian cosmetics, industrial textile machinery and automotives.


  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Ministry taking steps over Thai ‘replica’ of Angkor Wat

    The Ministry of Culture and Fine Arts has dispatched experts to inspect the ongoing construction of a temple in Wat Phu Man Fah, located in Thailand’s Buriram province. This temple appears to be a replica of Cambodia’s renowned Angkor Wat. The ministry said

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • PM to open new Siem Reap int’l airport December 1

    Prime Minister Hun Manet and Chinese leaders would jointly participate in the official opening of the new Chinese-invested Siem Reap-Angkor International Airport on December 1. The airport symbolises a new page in the history of Cambodian aviation, which will be able to welcome long-distance flights to

  • Minimum wage set at $204, after Sep 28 vote

    The minimum wage for factory workers in the garment, footwear and travel goods industries for 2024 has been decided at $204 per month, with the government contributing $2. Following several negotiation sessions, the tripartite talks reached an agreement during a September 28 vote, with 46 of 51 votes supporting the $202 figure.

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former