PHNOM PENH, Feb 22 — Prime Minister Datuk Seri Ismail Sabri Yaakob’s official visit to Cambodia is much-awaited by the Malaysian business community here as it will further enhance bilateral ties between both countries, especially in trade and investment in the young and booming economy.
It also provides for facilitation, through tax exemptions, incentives and investment protection packages. The maiden visit by Ismail Sabri as Malaysia’s Prime Minister is upon the invitation of his counterpart, Cambodia’s Prime Minister Samdech Techo Hun Sen. Among other events, on the first day, the Malaysian Prime Minister will attend a Keluaga Malaysia dinner with the Malaysian business community.
Ismail Sabri will also be given an official welcoming ceremony with the playing of the two countries’ national anthems, followed by a march past salute accompanied by Hun Sen at the Peace Palace Phnom Penh. The Cambodia-Malaysia trade volume surpassed US$500 million in 2021, rising by 13.14 per cent over a year earlier.