Cambodia hopes to sell rice to Timor-Leste after backing ASEAN bid

Southeast Asia's poorest nations seek to bolster economic ties amid regional tensions.

Cambodian Prime Minister Hun Sen has asked Timor-Leste to buy Cambodian rice and invest in local rice mills and warehousing after backing Dili’s bid to join the Association of South East Nations (ASEAN).

The request was made at a meeting between Hun Sen and Timor-Leste’s Foreign Minister Adaljiza Albertina Xavier Reis Magno in Phnom Penh, where the pair also discussed free trade and double taxation agreements.

Both countries are among the poorest in Southeast Asia and their economies have been severely punished by the Covid-19 pandemic, with Cambodia’s rice exports slumping 11 percent last year.

In full: https://www.ucanews.com/news/cambodia-hopes-to-sell-rice-to-timor-leste-after-backing-asean-bid/95914#

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