ISLAMABAD:
Pakistan and Cambodia on Wednesday agreed to deepen commerce and funding cooperation, together with advancing discussions on a Preferential Commerce Settlement (PTA), as the 2 sides concluded the second assembly of the Pakistan–Cambodia Joint Commerce Committee (JTC) in Islamabad.
The assembly was co-chaired by Federal Minister for Commerce Jam Kamal Khan and Cambodia’s Minister of Commerce Cham Nimul. In response to an official assertion, the session formally adopted its agenda, reviewed outcomes of the Senior Officers’ Assembly, and concluded with the signing of a Joint Assertion. An settlement between the Commerce Promotion Organisations of the 2 international locations was additionally witnessed.
In his opening remarks, Kamal Khan referred to the longstanding bilateral relationship, describing the JTC as a proper platform to overview progress, deal with constraints and establish new areas of cooperation. He famous progress in bilateral commerce however pointed to untapped potential in market entry, funding and sectoral collaboration. He reaffirmed Pakistan’s dedication to pursuing a PTA to diversify commerce and broaden entry for exporters.
The assembly reviewed progress for the reason that first JTC held in Phnom Penh on January 21, 2025, the place either side agreed to institutionalise commerce dialogue and discover a PTA framework. Constructing on that basis, the second session targeted on enhancing cooperation in precedence sectors. Pakistan highlighted export potential in rice, prescribed drugs, textiles and agricultural merchandise, whereas Cambodia recognized alternatives in cassava, cashew nuts, footwear and rubber merchandise.
