Fri, 09 Dec 2022

PHNOM PENH, Nov. 24 (Xinhua) -- Cambodian Prime Minister Samdech Techo Hun Sen on Wednesday called on the Asia-Europe regions to give more support for multilateral trading system, in order to further boost trade cooperation between the two continents.

Speaking at the opening session of the first Asia-Europe Economic and Business Forum via videoconference from capital Phnom Penh, Hun Sen said international trade is a key locomotive for promoting economic growth and job creation.

"With the new trend of changes in trade and global supply chains ... both regions need to pay more attention to supporting multilateral trading system, especially further enhancing liberalization and trade facilitation by removing trade and investment barriers to tap the potential of Asia-Europe trade cooperation," he said.

The Cambodian leader said that under the multilateral framework, it has been observed that some countries differed on their views in promoting trade cooperation as well as regional and global socio-economic development.

In this sense, both regions need to strengthen unity and uphold multilateral mechanism to address issues in all areas and accelerate socio-economic connectivity, so as to advance the agenda for sustainable and inclusive development, he said.

"Going forward, as COVID-19 crisis is expected to subside in the near future, promoting the normalcy of trade flow, business and investment corresponding to the new global trends is an essential and urgent task to revive and enhance the socio-economic development of Asia-Europe," he added.

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