Siem Reap Times

Saturday, Dec 21, 2024

Canada to Establish Embassy in Phnom Penh, Boosting Diplomatic Ties and Trade with Cambodia

Move expected to strengthen investments and exports between the two nations
Cambodia has welcomed Canada’s plan to open an official embassy in Phnom Penh, aimed at enhancing diplomatic relations and promoting trade activities. This development is expected to increase investments from Canada and boost Cambodia’s exports. Pen Bona, a government spokesperson, highlighted Cambodia's growing influence in regional and international affairs.

Socio-economic analyst Chey Tech noted that the upgrade of Canada’s consular office to a full embassy reflects the positive trajectory of relations between both countries. Trade between the nations has seen fluctuations, with Cambodia benefiting from Canada’s Market Access Initiative, which allows quota-free and duty-free access to the Canadian market.

Canadian Prime Minister Justin Trudeau expressed his optimism for future trade relations, emphasizing the upcoming ASEAN-Canada Free Trade Agreement as a key development.

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