Macau and Cambodia can take advantage of the “Belt and Road”

8 May 2018

Macau and Cambodia could make joint use of their advantages, through trade facilitation, financial intermediation services and active collaboration as regions covered by China’s “Belt and Road” initiative, said on Monday in Phnom Penh the Chief Executive of Macau, according to official information.

Chui Sai On, who signed a Memorandum of Understanding with Cambodia’s Minister of Foreign Affairs and International Cooperation, Prak Sokhonn also said relations between the two territories should intensify, particularly at the government level.

“This year marks the 60th anniversary of the establishment of diplomatic relations between China and Cambodia, and their leaders have maintained close contact throughout history and created strong bonds of friendship,” recalled Chui Sai On, adding that the two countries established strategic partnership relations in 2010 with a view to full cooperation.

At present, relations between the two countries are in their best phase, he added, with Cambodia being very receptive to the “Belt and Road” initiative launched by President Xi Jinping, and has been very supportive of it and is interested in participating in the project.

In the presentation on Macau, Chui Sai On highlighted the development of the city as a World Centre for Tourism and Leisure and the full implementation of its role as a Service Platform for Trade Cooperation between China and Portuguese-speaking Countries.

The Chief Executive said he hoped that Macau and Cambodia could take a further step in taking advantage of the new development opportunities brought by the “Belt and Road” initiative to negotiate, build and enjoy business together, strengthening communications, understanding, cooperation and mutual benefits.

The signed memorandum of understanding stipulates that Macau and Cambodia will undertake joint actions in the areas of trade, tourism, culture, youth, and so on to follow up cooperation plans under the “Belt and Road” initiative. (macauhub)