Cambodia seeks to improve business ties with Turkey

Cambodia expects to improve its current trade relations with Turkey and boost bilateral investments, the country’s trade minister, Cham Prasidh, told the Cihan news agency in Istanbul Saturday. Prasidh was in Turkey to participate in the 80th Izmir International Fair (IEF). The minister met with members of the Association for Social and Economic Solidarity with Pacific Countries (PASIAD) in Istanbul on Saturday. Evaluating Cambodia’s business relations with Turkey, Prasidh said Cambodia wants to share Turkey’s experience in making new investments and to cooperate with Turkey in third markets.” Turkey is one of the fastest-growing countries in the world, and Cambodia hopes to branch out into new markets. Both countries could help each other with joint investments in third markets.” The minister said his government is committed to offering the best conditions possible for new Turkish investments in the country. Currently the largest Turkish-owned investment in Cambodia is the Turkish Zaman University in Phnom Penh, the first Turkish university in the Far East. The university was opened by Deputy Prime Minister Bulent Arinc in February. Prasidh said Cambodia especially needs investment in its technological infrastructure and that Turkey could help in this regard. “We have the necessary raw materials and we need technical support to use them.