Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, Laos vow stronger ties, trade

Cambodia, Laos vow stronger ties, trade

Content image - Phnom Penh Post
Prime Minister Hun Sen and his new Lao counterpart Phankham Viphavanh during their meeting via video conference on April 12. MFAIC

Cambodia, Laos vow stronger ties, trade

Prime Minister Hun Sen and his new Lao counterpart Phankham Viphavanh have pledged to finalise the draft partnership action plan in the fields of political security, trade, investment, education and culture, according to the Cambodian Ministry of Foreign Affairs and International Cooperation.

The pledge was made during their meeting via video conference on April 12, in which Hun Sen also congratulated Phankham on his recent election as prime minister.

Both leaders highlighted a remarkable growth of bilateral trade, which had increased tenfold to $104 million in 2020 from a mere $10 million the previous year.

To boost investment, both agreed to expedite the negotiation of the Agreement on the Avoidance of Double Taxation-DTA.

Hun Sen and Phankham also underlined the need for closer collaboration in the fight against Covid-19. Phankham thanked the Cambodian government for donating two million face masks and other medical supplies to Laos.

During the meeting, Hun Sen said he appreciated Laos' support for Cambodia as host of the 13rd ASEM Summit in late 2021. Both invited each other to pay official visits at an appropriate time.

MOST VIEWED

  • 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.