Relations between Cambodia and India have become stronger recently with growth in trading between the two countries that has grown faster after the financial crisis in 2008-2009.
In 2011, the total volume of trade rose to US$71.92 million, an increase of 42.16 percent, while the number exports from India reached US$63.91 million, up 41.33 percent, and the number imports to India jumped to US$8.01 million, an increase of 58.57 percent
compared to last year.
Cambodia mainly exports non-ferrous metals to India while the main exports of India to Cambodia are drugs, pharmaceuticals and fine chemicals, cotton, staple fibers, rubber articles, precious stones, transport equipment and machinery, instruments, etc.
With the increasing flow of trade between the two countries and the rapid growth of Cambodia’s economy combined with its political stability, the Bank of India’s branch in Phnom Penh is seeking to expand its operations by moving its office to a bigger place at Icon Department to facilitate the expansion of business and attract more investors.
For more information, please visit http://www.etmcambodia.com/blog.php?article=169
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