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S Iswaran to visit Cambodia to strengthen bilateral economic ties

Minister in the Prime Minister's Office and Second Minister for Home Affairs and Trade and Industry S Iswaran is making an official visit to Cambodia on Monday (July 21), to strengthen bilateral economic ties.

SINGAPORE: Minister in the Prime Minister's Office and Second Minister for Home Affairs and Trade and Industry S Iswaran is making an official visit to Cambodia on Monday (July 21), to strengthen bilateral economic ties.

In a statement on Sunday (July 20), the Ministry of Trade and Industry said Mr Iswaran will be meeting Cambodian Deputy Prime Minister and Minister of Interior Sar Kheng, Senior Minister of Commerce Sun Chanthol and Minister of Mines and Energy Suy Sem.

Singapore's bilateral trade with Cambodia has risen 17 per cent since 2010 to reach S$1.6 billion in 2013.

In 2012, Singapore was Cambodia's sixth largest trading partner.

Singapore's investments into Cambodia have also increased 11 per cent year-on-year to reach a cumulative value of S$240 million in 2012.

Local companies have also invested in various sectors in Cambodia including property development, hospitality, energy, lifestyle business, garment, agriculture and logistics.

Mr Iswaran will also be participating in a business networking session co-organised by International Enterprise Singapore and the Singapore Business Federation.

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