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India and Cambodia sign seven bilateral agreements
Published in Saudi Press Agency on 08 - 12 - 2007

India and Cambodia signed six bilateral
agreements Saturday ranging from financial assistance to co-operation
in the field of water resource management, according to dpa.
The Cambodian Prime Minister Samdech Hun Sen, who is on a four-day
visit to India with a 12-member delegation, signed seven agreements
after meeting Indian Prime Minister Manmohan Sigh.
The two sides concluded an agreement on the transfer of sentenced
persons, cooperation in the field of water resource management,
protocol framework of foreign Office consultations between India and
Cambodia, plan of understanding on agricultural cooperation for 2007-
2008 and an agreement on credit for Cambodia.
India and Cambodia also signed an agreement to enhance defence
cooperation, and one on cooperation and technical assistance between
the Cambodian National Petroleum Authority and India's petroleum
major ONGC Videsh Limited.
Earlier Saturday, Hun Sen addressed leaders of Indian chambers and
industries in a business meeting, and called for more foreign direct
investment by Indian companies in Cambodia.
"The Royal Government of Cambodia is supportive of the private
sector, and has created a favourable environment for this sector to
protect their investments and business activities in Cambodia," said
Hun Sen.
Investment in areas like agriculture, labour intensive industries,
processing, tourism, mining and some other sections of manufacturing
and services can enable "economic take-off and transformation in
Cambodia", said Hun Sen.
Presently, the volume of trade between the two countries is about
50 million dollars, in India's favour.
From 2005 to 2006, the balance of trade between the two countries
was 16.5 million dollars, with India exporting goods and services
worth 16.7 million dollars and importing goods and services worth
20,000 dollars.
In the business meeting, corporate leaders from India and the five
ministers accompanying Hun Sen also identified sectors for potential
investment.
The Indian side supported co-operation in biotechnology, bio-
informatics, broadcasting, communication, education, human resources
and skill development.
Hun Sen, who arrived in India on Friday, was given a ceremonial
reception on Saturday, which was followed by a meeting with India's
Minister of External Affairs, Pranab Mukherjee, President Pratibha
Patil and Vice President Hamid Ansari.
He is scheduled to travel Sunday to the southern city of Hyderabad
on Sunday where he will visit the National Institute of Rural
Development and an information technology centre.
Hun Sen's earlier visit to India in July was abruptly terminated
when the country went into mourning after the death of former prime
minister Chandra Shekhar.


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