In a notable development that underscores the deepening relationship between Cambodia and South Korea, Samdech Techo Hun Sen, the Cambodian Senate President, recently engaged in meaningful discussions with Woo Won-shik, the Speaker of the South Korean National Assembly. This diplomatic exchange, which took place at the National Assembly of South Korea on Tuesday, September 10, aimed to further solidify the ties between the two nations across multiple sectors and elevate the level of bilateral trade.
Woo Won-shik extended a warm welcome to Samdech Techo Hun Sen and his delegation, lauding the Cambodian leader’s significant contribution to his nation’s peace and prosperity over his tenure. He also acknowledged Hun Sen’s pivotal role in rejuvenating diplomatic relations with South Korea, initially reestablished in 1997, and conveyed his hope for continued cooperation across various domains.
The discussions revealed the establishment of the Cambodia-Korea Friendship Association, a symbol of the burgeoning relationship between the legislative bodies of both nations. Woo Won-shik highlighted the considerable increase in trade and investment, attributing it to the facilitative measures of the Free Trade Agreement. This has led to the presence of over 200 Korean companies in Cambodia, contributing to the economic interdependence of the two countries.
Furthermore, South Korea’s consideration to set up a special economic zone for Korean companies in Cambodia was discussed, following Prime Minister Hun Manet’s visit. This initiative is part of a broader ambition to support Cambodia’s development through Official Development Assistance (ODA) and targeted projects like demining and development initiatives, reinforcing South Korea’s commitment to Cambodia’s prosperity.
Climate change cooperation also featured prominently, with Woo Won-shik applauding Cambodia’s engagement in greenhouse gas reduction efforts and the Mekong-Korea project. The resurgence of people-to-people exchanges post-COVID19, enhancements in tourism cooperation, and initiatives to safeguard the interests of the Cambodian diaspora in Korea were other critical areas covered.
On his part, Samdech Techo Hun Sen appreciated the advancements in the nations’ strategic partnership, reflecting on the challenges and achievements since the re-establishment of bilateral relations. He emphasized the profound impact of keeping borders open during the pandemic, which not only maintained essential travel but also fostered mutual understanding and cultural exchange.
The visit served as an avenue for Hun Sen to express his gratitude for South Korea’s integral role in Cambodia’s ongoing development, including infrastructure projects like the Cambodia-Korea Friendship Bridge and vital road constructions. He also highlighted the importance of the socio-economic integration of Cambodians living in Korea, particularly through education and job creation.
Moreover, Samdech Techo lauded the positive trajectory of economic, trade, and investment relations, acknowledging the beneficial impact of the free trade agreement signed between the two countries. He envisioned this agreement as a catalyst for more Korean investments in Cambodia, promising a stable and protective environment for foreign investors.
The dialogue was not just a reflection of the historical ties but also a forward-looking conversation aimed at expanding bilateral relations. Through initiatives like climate change cooperation, infrastructure development, and the enhancement of trade and investment ties, Cambodia and South Korea are paving the way for a mutually beneficial partnership. It’s a relationship built on a foundation of reciprocal respect, mutual interests, and shared aspirations, promising a prosperous future for both nations.
Source: Fresh News
