MOUs to tighten Chinese trade ties
Cambodia’s Power Partner Profit Group has signed 10 memoranda of understanding with Chinese companies for cooperation on agriculture, mineral resources and electronics. Insiders said the penning of the MoUs, which do not guarantee a final agreement, was another step toward realising a US$5 billion bilateral trade goal reached by Prime Minister Hun Sen and Chinese President Hu Jintao in April. The domestically owned firm signed the MoUs on Friday without announcing a specific value of the deals should they be followed through. …
