A Korean-Cambodian Business Luncheon

Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen delivers a speech here this afternoon during a Korean-Cambodian Business Luncheon in honor of H.E. Mr. Lee Myung-bak, President of the Republic of Korea and Madam.

In his speech, Premier Techo Hun Sen said today I have a great honor and pleasure to warmly welcome Your Excellency Mr. Lee Myung-bak, Madam, the accompanied members of the delegation and Korean business community as well as other distinguished national and international guests in this occasion.

“First of all, on behalf of the Royal Government of Cambodia, I would like to highly value the State visit by Your Excellency to Cambodia this time. This visit has clearly demonstrated the much attention made by the Korean government for the ties of friendship and close cooperation between our two countries and peoples.

Your Excellency’s present and accompanied members here will bring about more achievements and successes in Cambodian social and economic development’s efforts through the continuing of further strengthen and consolidate the cooperation of all aspects. I would like to express my profound gratitude for the government and people of Korea for their continuing support and financial assistance to the Cambodia’s development.

I strongly believed that our cooperation will bring about more achievements for our two countries and peoples and the ties of Cambodian-Korean Friendship will be more and more firmed and durable.

In reply, President of the Republic of Korea Lee Myung-bak said “South Korea will share its development experience with all countries that strive to leap forward. We will especially share our experience with Cambodia and support its establishment of social infrastructure.”

“The complementary economies of South Korea and Cambodia will provide vast and unexplored areas of cooperation as long as the countries are willing to work together.”

He proposed the countries work to launch new cooperation projects in four areas – the agricultural, forestry, services and infrastructure sectors – in what he called a “rectangular cooperation” program.

The term comes from the Cambodian prime minister’s famous reform policy, which seeks to develop Cambodia based on growth, employment, equity and efficiency.

“I believe there are more than enough conditions for an expansion of cooperation between our two nations with the enactment of the (Korea-ASEAN) FTA and the strong will of their governments for economic cooperation.”