Kuala Lumpur: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and Cambodia Chamber of Commerce (CCC) have launched a joint initiative to enhance economic cooperation and increase bilateral trade. The two chambers signed a memorandum of understanding (MoU) on Tuesday to formalise their collaboration.

According to BERNAMA News Agency, ACCCIM president Datuk Ng Yih Pyng stated that the delegation aimed to partner with its Cambodian counterpart to explore new economic opportunities in the Kingdom. ‘The main objective of the visit is to explore potential cooperation and promote sustainable events in ASEAN,’ said Ng.

The MoU sets out a framework for promoting economic ties and encouraging trade and investment between both countries. Bilateral trade between Malaysia and Cambodia reached about RM3.7 billion (US$865 million) in 2024. Malaysia’s key exports to Cambodia include petroleum products, chemicals, textiles, apparel, footwear, metals, and non-metallic mineral products.

Cambodian officials highlighted the country’s young and energetic workforce, a productive investment climate, and supportive government policies as key advantages. ‘There is a close economic relationship between Cambodia and Malaysia, strong trade demand, and Malaysian investment in key sectors,’ said CCC vice president Sok Piseth, according to the statement.