Logo of Phnom Penh Post newspaper Phnom Penh Post - Manet highlights importance of regional trade at China-ASEAN expo

Manet highlights importance of regional trade at China-ASEAN expo

Prime Minister Hun Manet addresses the China-ASEAN Expo in Nanning, the capital city of China’s Guangxi Zhuang Autonomous Region, on September 16. PHOTO SUPPLIED
Prime Minister Hun Manet addresses the China-ASEAN Expo in Nanning, the capital city of China’s Guangxi Zhuang Autonomous Region, on September 16. PHOTO SUPPLIED

Manet highlights importance of regional trade at China-ASEAN expo

Prime Minister Hun Manet addressed the opening ceremony of the 20th China-ASEAN Expo in Nanning, China, on September 16, expressing his belief that amid growing global uncertainties, the expo would provide an opportunity for the attendees to forge closer relations while helping to promote sustainable development.

This year’s expo is being held under the theme “Work Together for a Harmonious Home and Shared Future”.

He used his initial remarks to congratulate the host nation on the 20th anniversary of the expo, as well as the 10th anniversary of the Belt and Road Initiative (BRI).

“Above all, it shows that cooperation combined with free and open trade is the only path to peace and shared prosperity,” he said.

He highlighted the excellent cooperation that exists through ASEAN-led regional architecture – including the ASEAN-China Free Trade Agreement, the Regional Comprehensive Economic Partnership (RCEP), and several bilateral trade agreements – while noting the expo’s contribution to increasing trade between the bloc and China. Last year, trade between the two reached $722 billion, he added.

“When Covid-19 upended the world, the movement of people declined, but we saw first-hand that the movement of goods continued to flourish. In 2021 and 2022, trade in goods even exceeded pre-pandemic levels – highlighting the essential role of commerce in ensuring the socio-economic security of people around the world,” he said.

“As the pandemic subsides, we face new challenges such as rising commodity prices, food insecurity and climate change. I would like to highlight the important role of trade in tackling these global challenges to ensure that interdependence and globalisation are mutually beneficial. Trade should not be used as a weapon that undermines global economic security,” he added.

He identified the ASEAN bloc and China’s key roles in demonstrating the benefits of improving multilateral cooperation, without the need for excessive protectionism or economic nationalism.

Manet also reiterated the importance of maintaining their interdependence via new markets, supply-linked production capacity and trade facilitation.

The prime minister also highlighted the importance of two-way investment and the provision of technical support.

“Such support will help ensure that developing countries truly benefit from the market openings resulting from multilateral trading mechanisms,” he explained.

He also reaffirmed the government’s commitment to continually improving the Kingdom’s business and investment environment, through reduced costs and improved infrastructure.

“Our aim is to raise productivity to meet the needs of all investors. Cambodia is committed to collaborating with all government and private-sector stakeholders in the region to support trade activities that will address regional and global challenges,” he said.


  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • 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

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • 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

  • 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

  • After three deferrals, Capital Gains Tax to take effect Jan 1, 2024

    The General Department of Taxation (GDT) will implement the Capital Gains Tax starting January 1, 2024 to after being deferred three times as industrial players warn that the implementation might have some negative impact on the property market growth, which is down due to the economic downturn.