With a view to boosting economic ties, the Commerce Ministry said India and Cambodia have completed negotiations for a bilateral investment treaty (BIT) and agreed to sign it at the earliest. The two sides also discussed ways to enhance cooperation in sectors such as agriculture, dyes and pigments, banking and insurance. The issues were discussed during the India-Cambodia Joint Working Group on Trade and Investment (JWGTI) meeting in Phnom Penh, Cambodia.
The treaty seeks to protect and promote bilateral investments. The two sides also discussed cooperation in agriculture, market access, expanding trade in dyes and pigments, and cooperation in the banking and insurance sectors. The meeting was co-chaired by Amit Verma, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry, and Long Kemvichet, Director General of International Trade, Ministry of Commerce, Cambodia.
The meeting deliberated on ways to diversify and deepen bilateral trade, including through cooperation in traditional medicine, e-governance modules, recognition of the Indian Pharmacopoeia, reconciliation of trade statistics, and sharing information on flagship trade fairs and business delegations. Meanwhile, India received $51 million in foreign direct investment (FDI) from Cambodia between April 2000 and March 2026.
