On April 17, during Chinese President Xi Jinping’s visit to Cambodia, under the witness of leaders of the two countries, Minister of Commerce of China Wang Wentao and Minister of Commerce of Cambodia Cham Nimul signed and exchanged the Memorandum of Understanding between the Ministry of Commerce of the People’s Republic of China and the Ministry of Commerce of the Kingdom of Cambodia on Strengthening Industrial and Supply Chain Economic Cooperation (hereinafter referred to as “the MoU”) in Phnom Penh, the capital of Cambodia.

According to the MoU, the two sides will give full play to the role of bilateral mechanisms, encourage enterprises of the two countries to strengthen multi-disciplinary industrial and supply chain cooperation through trade, investment and technological cooperation, and further tap into the demonstration effect of economic and trade cooperation zone such as the Sihanoukville Special Economy Zone. In recent years, China-Cambodia economic and trade cooperation has been deepening, with industrial and supply chains deeply integrated with each other. The signing of the MoU will push the two countries to work together to build smooth, stable and resilient industrial and supply chains, and further deepen trade and investment cooperation.