India- Cambodia JWG Meet on Trade and Investments

  • 21 Jun 2024

On June 20th, 2024, India hosted the second meeting of the India-Cambodia Joint Working Group on Trade and Investment (JWGTI).

Key Points

  • During the meeting, the two nations discussed cooperation in traditional medicine and e-governance, diversification of the trade basket by identifying new products, a bilateral investment treaty, recognition of the Indian Pharmacopoeia, and collaboration in the pharmaceutical sector.
  • They discussed about the progress of ongoing efforts for collaboration in Unified Payment Interface (UPI) based digital payments to promote trade and tourism.
  • The Cambodian delegation elaborated on the numerous investment opportunities in Cambodia for Indian businesses, spanning various sectors with high growth potential.
  • The JWGTI was first held virtually in July 2022.
  • This recent meeting marked the first physical gathering of the JWGTI since its institutionalization.