Since the bilateral trade between Cambodian and Russia increased 30 percent, even though the Russian investment in Cambodia is estimated to be lower this year, compared to the last year.

Dilyara Borovik, a counselor at the Russian Embassy, gave a speech at the an event to mark the 30^th anniversary of the Russian Cultural Center in Phnom Penh that the trade between the two countries for the first nine months of this year totaled US$32.3 million, a 28.7 percent increase over the same period last year, quoted by the Cambodia Daily as saying.

Ms. Borovik added that Cambodian exports to Russia make up 60 percent of trade between the two countries, with garments, agricultural products and seafood being the largest exported products.

In 2008, investment totaled US$600 million with businesses such as the Beeline mobile phone, said she.

“With the economic crisis this year, people are afraid to invest abroad especially if we don’t know the situation in our own country,” Ms. Borovik said.

Related articles:

• Increase of bilateral trade Thailand
• Trade between Cambodia and Singapore up 84 percent
• Cambodia meets up to boost trade potential
• Direct flights from Russia next year
• Cambodia to ask Russia to cancel US1.5 billion in debt
• International trade with Hong Kong drop 24 percent by July
• Telecom Industry Booming, as Competition Rises
• Beeline introduced new mobile top-up service
• Trade between Cambodia and Thailand soared
• Increase of Cambodia dry rubber