S'pore mission to Cambodia

S'pore mission to Cambodia

SINGAPORE (AFP): Singapore would send a trade mission to
Cambodia from August 1-4, the Trade Development Board (TDB) said
Friday.

The four-day visit is in conjunction with Minister for Trade
and Industry Minister George Yeo's visit to the country, it said.

"The political and business situation in Cambodia has
stabilized," said TDB's Deputy Director Cheang Kok Yun for the
Southeast Asia region.

"This mission will reopen the doors for many of our business
people who are still keen to venture into the country," he said.
Yeo would hold talks with Prime Minister Hun Sen during his
visit.

The mission comprises 18 companies from sectors including
property development, tourism and manufacturing.

Two way trade between the two countries rose to S$779.8
million (US$448.1 million) in 1999 from 595.1 million in 1998.

The city-state's investment in Cambodia at the end of 1999 is
estimated to be US$224 million.