Cambodia and Singapore have reached a Memorandum of Cooperation on Food Security, marking another important step in strengthening trade relations between the two countries.
H.E. Mrs. Cham Nimul, Minister of Commerce of the Kingdom of Cambodia, and H.E. Ms. Grace Fu, Minister for Sustainability and Environment and Minister in Charge of Trade Relations of the Republic of Singapore, signed the Memorandum on April 10 in Singapore, following their bilateral meeting.
According to the Cambodian Ministry of Commerce, the Memorandum of Cooperation demonstrates a shared commitment to ensuring the stability, transparency and efficiency of the food supply chain, paving the way for increased Cambodian rice exports to the Singapore market, and supporting Singapore’s strategy to secure a stable food supply, as well as creating opportunities for sustainable new markets for Cambodian agriculture.
In addition, the Memorandum of Cooperation also highlights Cambodia’s important role as a potential rice exporter through its strong capacity to produce, compete, and supply to international markets, especially Cambodia’s active participation in ensuring regional and global food security.
During their bilateral meeting, both ministers also exchanged views on the evolving situation of global trade, cooperation under the framework of the World Trade Organisation, as well as strengthening and expanding Cambodia-Singapore trade cooperation in complementary sectors.
