On February 13 Tatyana Valovaya, Member of the Board (Minister) in charge of Integration and Macroeconomics of the Eurasian Economic Commission (EEC), and Tekreth Kamrang, Secretary of State, Ministry of Commerce of the Kingdom of Cambodia, held the first meeting of the joint working group in Phnom Penh, focused on the interaction between EEC and the Government of the Kingdom of Cambodia.
The meeting was attended by representatives of relevant departments of the Eurasian Economic Commission, public authorities and business associations from Cambodia, as well as from the Eurasian Economic Union (EAEU) Member States.
Tatyana Valovaya made a detailed presentation on the EAEU and activities of the Commission, spoke about possible ways of development of trade and economic relations between the EAEU Member States and Cambodia, and also invited the Cambodian partners to formulate a list of priority issues of cooperation and promising joint projects for consideration by the Commission with Member States.
Members of the EEC delegation presented the guidelines for Commission’s activities in the areas of trade and investment, sanitary, phytosanitary and veterinary measures, technical regulations, customs administration, industry and energy. Participants of the meeting also shared information on legal regulation in the field of intellectual property.
Tatyana Valovaya welcomed the willingness of the Cambodian business community to expand contacts with the EAEU business community and urged partners to participate in major economic forums held in the Union Member States this year.
Co-chairs of the Working Group - Tatyana Valovaya and Tekreth Kamrang - expressed satisfaction with the development of interaction between the EEC and the Government of Cambodia. “Our trade turnover is not balanced yet. The Union Member States have something to offer to Cambodia, and we urge the Cambodian partners to identify areas of interest in our market. It is necessary to identify the points for expanding joint efforts and undertake an ambitious, interesting work on unleashing the potential of trade and economic ties between the EAEU and the Kingdom of Cambodia,” said the EEC Minister.
On May 17, 2016 the Memorandum of Understanding between the EEC and the Government of the Kingdom of Cambodia was signed. In order to implement this document, a joint working group (EEC and the Government of Cambodia) was established. The first meeting of this group was headed by Tatyana Valovaya, Minister in charge of Integration and Microeconomics (EEC), on February 13, 2017, in Phnom Penh.