VN, Cambodia target two-way trade turnover of US$ 1 bil. late 2007
VNGOP – The 9th session of the Việt Nam-Cambodia Joint Committee for Economic, Cultural, Scientific and Technical Cooperation was held on August 20-21 in Phnom Penh, Cambodia.
The Vietnamese delegation was headed by Deputy PM, Foreign Minister Phạm Gia Khiêm, Chairman of the Vietnamese Subcommittee while the Cambodian delegation was led by Deputy PM, Minister of Foreign Affairs and International Cooperation Hor Namhong, Chairman of the Cambodian Subcommittee.
The two sides agreed to focus on cooperation in the fields of high potentialities and high profits, including education-training, infrastructure construction, trade-investment, energy, transport, health, mining, oil and gas, industrial crop planting, and marine products processing. They also reached consensus in increasing bilateral commercial promotion in order to raise the two-way trade turnover to US$ 1 billion by late 2007.
The Joint Committee decided to speed up the planting of border markers to finish this work before 2008.
The two sides agreed to closely cooperate in national defense and security, fighting against trans-national crimes, and conducting joint patrols of naval forces. The two countries confirmed their principle of permitting no force to use their territories for destructive activities against the other country. In this spirit, the two sides agreed to kick off negotiations on an agreement of criminal extradition.
Deputy PM Phạm Gia Khiêm and his Cambodian counterpart Hor Namhong signed an agreement of the 9th session.
The 10th session of the Joint Committee is scheduled in 2008 in Việt Nam./.
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