India- Cambodia JWG Meet on Trade and Investments

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.