Cambodia and the Philippines have signed eight significant documents aimed at enhancing economic and development cooperation during Cambodia’s Prime Minister Samdech Moha Borvor Thipadei Hun Manet’s two-day (Feb. 10-11) official visit to the Philippines.
The signed documents were exchanged following the bilateral talks between Samdech Thipadei Hun Manet and Philippine President H.E. Ferdinand R. Marcos Jr. in Manila on Feb. 11.
The documents cover a wide range of sectors, including trade, agriculture, labour, and digital transformation.
The signed documents include:
1. Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion – Aims to eliminate double taxation and prevent tax evasion on income.
2. Memorandum of Intent for Investment Cooperation – Establishes collaboration between the Council for the Development of Cambodia (CDC) and the Philippine Board of Investments to promote investment opportunities.
3. Memorandum of Understanding (MoU) on the Prevention of Theft and Illicit Trafficking of Cultural Property – Seeks to safeguard and recover stolen cultural heritage.
4. MoU on Cooperation in Agriculture and Agribusiness – Enhances agricultural collaboration and trade between the two nations.
5. MoU on Competition Law Enforcement – Strengthens cooperation between Cambodia’s Competition Commission and the Philippine Competition Commission to ensure fair competition.
6. MoU on Tourism Cooperation Programme between the two nations’ ministries.
7. MoU on Technical and Vocational Education and Training (TVET) – Facilitates collaboration between Cambodia’s Ministry of Labour and Vocational Training and the Philippines’ Technical Education and Skills Development Authority (TESDA).
8. MoU on Digital Government Transformation – Promotes cooperation in information technology and digital governance between Cambodia’s Ministry of Post and Telecommunications and the Philippines’ Department of Information and Communications Technology.
These agreements reflect the growing partnership between Cambodia and the Philippines, reinforcing their commitment to mutual economic growth and cooperation.
