EU, Germany to provide $9M Asean fund

The EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region.

The pledge falls under the Asean Regional Integration Support – Cambodia Trade-Related Assistance (Arise Plus Cambodia) programme and was made during a workshop in Phnom Penh on Friday.

According to a press release, the project is co-financed by the EU and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) and is to be implemented from 2019 to 2023 by the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ), which translates in English to the German Corporation for International Cooperation.

In full: https://www.phnompenhpost.com/business/eu-germany-provide-9m-asean-fund

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