Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Cambodia - Turkey, Cambodia set to bolster Turkey trade to $500 million.
Bilateral trade between Cambodia and Turkey has grown by about $119 million over the past 10 years and plans are now in place to increase that to $500 million over the next five.
Turkish Embassy in Phnom Penh said that the most important thing is increasing trade volume to $500 million by 2020, Currently, it’s around $124 million, started from $5 million to $6 million in 2005.
The garment sector is Cambodia’s largest, valued at about $5.5 billion, and the exports to Turkey are goods produced by mainly Turkish-owned factories.
In addition, there is potential for tourism, capacity building and electronics investment, adding that a civil aviation agreement has already been signed between the two countries, leaving it up to Turkish Airlines to explore the possibility of setting up a new route.
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