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Russian Prime Minister rounding up Asian tour by visit to Cambodia

November 24, 2015, 7:44 UTC+3 PHNOM PENH
Medvedev is to hold talks with his Cambodian opposite number, Prime Minister Hun Sen and to have a meeting with King Norodom Sihamoni
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© Alexander Astafief/Russian Presidential Press and Information Office/TASS

PHNOM PENH, November 24. /TASS/. Russian Prime Minister Dmitry Medvedev rounds up his Asian tour by a visit to Cambodia where he arrived on Sunday.

His itinerary for Tuesday includes a number of bilateral meetings. From Phnom Penh, he is expected to go to Yekaterinburg in the Urals where he will take part in the gala ceremony of opening the Boris Yeltsin Presidential Center.

On Tuesday, Medvedev is to hold talks with his Cambodian opposite number, Prime Minister Hun Sen and to have a meeting with King Norodom Sihamoni. A number of bilateral documents will be signed upon the completion of these negotiations.

Cambodia is a long-time political and commercial partner for Russia in Southeast Asia. In May 2016, the two countries will mark the 60th anniversary since the establishment of diplomatic relations.

"The visit aims to broaden the comprehensive ties between the two nations further with an accent on commerce, investment, defense and related technologies, and the humanitarian sphere," a governmental source said, noting steady development of the political dialogue between the two nations.

The previous meeting between the Russian and Cambodian Prime Minister took place on the sidelines of 9th East-Asian summit in November 2014 in Myanmar.

Russia and Cambodia also maintain inter-parliamentary ties and contacts at the level of ministries, governmental departments, and law enforcement agencies. Three Cambodian deputy prime ministers and a number of ministerial-level delegations.

Also, experts point out fair prerequisites for collaborations between the leading Russian and Cambodian political parties.

Moscow and Phnom Penh have fully identical or close positions on the pressing problems of the global and regional agenda.

Cambodia received the status of a dialogue partner at the July 2015 of the Shanghai Cooperation Organization. Cambodian business executives have shown interest in a possible free trade zone with the Eurasian Economic Community.

In 2014, Russian-Cambodian trade stood at $ 132.7 million, of which Russian imports from Cambodia stood at $ 128.9 million. Accumulated Russian investment in Cambodian economy stands at around $ 20 million. Experts on both side note fair prospects for mutually beneficial cooperation in civil aviation, the energy sector, telecommunications, construction of industrial facilities, and transport systems.

Last but not list, Cambodia is rising noticeably on the list of tourist destinations preferred by Russian holidaymakers.

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