Tourism wins in China trade deal
Unless Cambodian exporters find new routes to China, a proposed doubling of bilateral trade to US$5 billion by 2017 would mean little more than increased Chinese goods and investment flooding into the Kingdom. Chinese investments and imports dominated bilateral trade with Cambodia, which was worth about $2.5 billion in 2011, experts said. The prospect of increased trade, however, did turn heads in the tourism industry when Chinese President Hu Jintao pledged to augment the relationship during a visit last week. “Because of this agreement, there could be a huge outflow of tourists from China to Cambodia,” Cambodian Association of Travel Agents advisor Mohan Gunti said yesterday. …
http://www.phnompenhpost.com/index.php/2012040655456/Business/tourism-wins-in-china-trade-deal.html
