The Philippine Chamber of Commerce and Industry (PCCI) and the Cambodia Chamber of Commerce signed a Memorandum of Understanding (MOU) to increase trade and investment between the two nations. The agreement focuses on areas like information and communications technology, agriculture, manufacturing, franchising, tourism, and small and medium enterprise development. The MOU outlines plans for trade missions, joint exhibitions and events, and the establishment of a Philippines-Cambodia Business Council to foster collaboration.
Business chambers of Philippines and Cambodia signed an agreement to increase trade and investments between the two nations, particularly in the areas of information and communications technology, agriculture, manufacturing, franchising, tourism and small and medium enterprise development, among others.
Moreover, the MOU noted that “Each party shall assist the other party in the organization of or participation in exhibitions, trade fairs, symposiums, seminars, conferences, study tours, business-matching, and other means of trade and investment promotion and similar events taking place in their territories that aim to expand business and economic cooperation.”
“The Philippines excels in manufacturing electronics and services while Cambodia is strong in textiles and basic manufacturing,” Rodolfo’s presentation read, adding that this creates potential for collaboration in manufacturing and export.
TRADE INVESTMENT CAMBODIA PHILIPPINES MEMORANDUM OF UNDERSTANDING
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