India, Cambodia Hold Third Joint Working Group Meeting on Trade & Investment

New Delhi, Aug 25 (KNN) India and Cambodia discussed measures to expand bilateral trade and investment at the third meeting of the Joint Working Group on Trade and Investment (JWGTI), held in Phnom Penh on August 24.

Bilateral trade between the two countries grew by over 36Percent to USD 406.78 million in FY 2025-26, compared with USD 299 million in the previous financial year. Trade during the April-June 2026 quarter recorded a further 63.25Percent year-on-year growth.

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, Cambodia's Ministry of Commerce.

Both sides discussed trade diversification and cooperation in traditional medicine, e-governance, pharmaceuticals, agriculture, banking and insurance. They also discussed market access issues, recognition of the Indian Pharmacopoeia and trade statistics reconciliation.

The two countries welcomed the launch of UPI acceptance at KHQR-enabled merchants in Phnom Penh and discussed the next phase of enabling Cambodian payment applications to scan UPI QR codes in India.

India and Cambodia also discussed the early signing of an MoU on customs cooperation and the proposed Bilateral Investment Treaty, besides exploring an “Invest in Cambodia” roadshow in India.

The next meeting of the India-Cambodia JWGTI will be held in India in 2027.

(KNN Bureau)