Needs compared with the UK

Cambodia’s needs and how they overlap with the UK’s strengths are an important issue in trade and investment relations between the two countries, according to British Ambassador Mark Gooding during a presentation to the Cambodian Chamber of Commerce (CCC) yesterday. Bilateral trade is mainly driven by garment exports from Cambodia, but trade will diversify as education, financial services, knowledge and innovation and construction and design are improved with the help of the UK, Gooding told members of the CCC’s delegation in preparation for their first trade visit to the UK next week. Next week, about 50 members of the CCC will visit the UK “to bring UK companies and Cambodian companies together to share ideas and network”, International Relations Manager of the CCC Keo Nimet said. … Growing from US$150 million in 2007 to $600 million in 2011, bilateral trade between the two countries have quadrupled in the last four years. The UK, the sixth largest economy in the world, is the second largest exporter of goods and services.

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