Cambodia on Monday signed a landmark free trade agreement with China, along with other important bilateral documents in Phnom Penh, local media outlets reported.
According to Phnom Penh-based Fresh News, Cambodian Prime Minister Hun Sen and Chinese Foreign Minister Wang Yi presided over the signing ceremony of Cambodia-China Free Trade Agreement (CCFTA) at the Peace Palace.
They also signed an agreement under which China will grant an aid of $149 million to be used by Cambodia to build top priority projects in 2020.
Other documents included conducting a feasibility study to improve Sihanoukville Provincial Referral Hospital and developing municipal sewerage system in the port city of Sihanoukville.
Chinese foreign minister had arrived in Phnom Penh on Sunday for a two-day official visit.
Chinese Foreign Ministry Spokesperson Hua Chunying had announced on Friday that Wang will also visit Malaysia, Laos, and Thailand, and will pay a transit visit to Singapore on Thursday, the daily said.
According to the report, Wang’s visit to Cambodia during COVID-19 pandemic was aimed at further strengthening relations and develop fruitful cooperation between the two countries.
Copyright 2022 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.