|
China to pledge more aid to Cambodia (AP) Updated: 2006-04-07 14:14
PHNOM PENH, Cambodia -- Cambodia will benefit greatly from a visit by
Chinese Premier Wen Jiabao, the Cambodian prime minister said Friday.
Wen was to pledge more aid for the impoverished Southeast Asian country
during his two-day visit, which was scheduled to begin later Friday.
Wen
and Cambodian Prime Minister Hun Sen were to witness the signing of 11 bilateral
agreements, including a low-interest loan, grant aid and the donation of 30 fire
trucks by the Chinese government.
Wen also was scheduled to attend a
groundbreaking ceremony for a Chinese-funded office complex for Hun Sen and his
deputies before wrapping up his visit on Saturday. "Cambodia will benefit
greatly from this visit," Hun Sen told reporters Friday.
Hun Sen has
described the giant Asian power as Cambodia's "most trustworthy friend."
In return, Beijing has rewarded his government with millions of dollars
in aid over the last decade, agreed to write off past debts and granted it
tariff-free status for some 400 items.
Investments by Chinese companies
were worth some US$240 million (euro195 million) last year, more than from any
other nation. Most Chinese investments were in the garment industry, Cambodia's
main foreign exchange earner.
"For Hun Sen, China is the perfect ally in
comparison to the West," said Julio Jeldres, retired King Norodom Sihanouk's
official biographer.
Wen's Cambodia visit is the last leg of a
four-nation tour that also took him to Australia, Fiji and New Zealand.
|
| |
|
| |