Cambodia, Nepal sign deals to boost bilateral trade, investment


Cambodian Prime Minister Samdech Techo Hun Sen (2nd R) shakes hands with visiting Nepalese Prime Minister K.P. Sharma Oli (2nd L) at the Peace Palace in Phnom Penh, Cambodia on May 13, 2019. Cambodia and Nepal signed on Monday two pacts to boost bilateral trade and investment, a Cambodian senior official said. (Xinhua/Sovannara)

PHNOM PENH, May 14 (Xinhua) — Cambodia and Nepal signed on Monday two pacts to boost bilateral trade and investment, a Cambodian senior official said.

Cambodian Prime Minister Samdech Techo Hun Sen and visiting Nepalese Prime Minister K.P. Sharma Oli presided over the signing ceremony after holding a bilateral meeting in Phnom Penh, said Kao Kim Hourn, a minister attached to the Cambodian prime minister.

According to the minister, during the meeting, the two sides agreed to work together to enhance bilateral cooperation in all fields, especially in economics, trade, investment, tourism and culture.

Trade and investment volumes between Cambodia and Nepal are currently relatively small. On the tourism side, some 3,100 Nepalese visitors came to Cambodia in 2018, a 10-percent rise year-on-year, according to Cambodian tourism data.

Oli arrived in Phnom Penh on Monday for a three-day visit.

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