00:00 Distinguished guests, please be seated.
00:06 Excellency Samdhye Khun Manet, Prime Minister of Cambodia, Deputy Prime Ministers, Ministers,
00:13 ladies and gentlemen, it's a great pleasure to welcome you as a friend and continuing
00:20 the great relations that we have had with Samdhye Khun Sen for many decades. And of
00:30 course, we have had very fruitful discussions on a number of issues. And the signing of
00:36 this understanding and agreement between both governors of central banks is meaningful because
00:44 this has been one of our pillars in terms of dealing with the issue or problem with
00:52 our currency. We have had relative success with China, and it's 25% of our total trade
00:59 is in our local currency, with Thailand, about 18%, Indonesia, about 20%. With Cambodia,
01:07 I think using local currencies would of course lessen the burden and the pressure of having
01:13 to be tied only to the US dollar. We have also agreed to accelerate the process of JCBC
01:22 joint committee meeting between both countries earlier than expected. Both foreign ministers
01:29 have been entrusted to fix a date. And following that, of course, the issues like food security,
01:40 collaboration research, investments, halal industry, renewable energy and high-tech
01:48 industries, including AVs and AI, will have to be discussed and explored. Both our customs
01:56 departments will facilitate movement of goods. And we have already started or initiated the
02:04 discussions on MOU by both customs, and will be finalized soon. It would depend on the
02:12 efficiency of both ministries of foreign affairs.
02:17 We have huge potential in terms of boosting trade volume, palm oil, white rice, and the
02:24 trade ministries of both countries will use the joint technical committee platform to
02:29 address these challenges and find solutions, both trade and tourism. Investments have been
02:41 there, but then we should expect more investments into Cambodia and from Cambodia into Malaysia.
02:55 The value of investment by Malaysian companies in Cambodia has exceeded US$3 billion. And
03:01 of course, there's a huge opportunity, and the Prime Minister assured that he will give
03:06 all the attention and support possible.
03:11 Malaysia's interest to be a key player in construction of over 1,000 km of seabed energy
03:16 pipelines facilitating the transmission of renewable energy from Cambodia and Laos to
03:22 Singapore. These are issues, trans-border, trans-national, that can be explored. We have
03:33 expressed our gratitude to you, Prime Minister, and the Cambodian government for assisting
03:42 us in resolving the issue of Malaysian victims due to job scams, syndicate. You are very
03:54 forthcoming and very fast, and I thank both the police and immigration for their attention
04:01 and support.
04:03 We also work together with the Muslim community with your support for whatever training required
04:12 to ensure that we will play a positive and meaningful role in Cambodia.
04:24 We explored the issue of tourism and 47 flights a week from Cambodia to Kuala Lumpur and Kuala
04:34 Lumpur to Cambodia, but then you have suggested and I agreed that we should explore new routes
04:42 to expand this because there's a huge potential in both our countries. We have acknowledged
04:50 the fact that ASEAN has recorded impressive collaboration in a number of fields, but intra-trade
04:58 and investment is certainly profoundly lacking. We have, therefore, a responsibility to ensure
05:06 this would be enhanced so that it would be beneficial to both these countries.
05:11 So again, my dear friend, thank you very much for this visit. I'm pleased with the outcome
05:21 and looking forward for further meetings. We're meeting soon again in the ASEAN-Australia
05:28 meeting in Melbourne.
05:29 Thank you, Prime Ministers.
05:35 Thank you, the Honourable Prime Minister. Now, without further ado, may I invite His
05:41 Excellency the Prime Minister of Cambodia to deliver his statement.
05:48 Thank you once again, Prime Ministers. I would like to thank Your Excellencies for the warmest
05:55 welcome and excellent arrangement extended to me and my delegation during my first official
06:01 visit to Malaysia today. This year marked the 67th anniversary of relationship between
06:09 our two countries, and throughout these years our bonds have grown to new height in terms
06:19 of economic, high-level interactions, people-to-people exchange and strengthened defence tie. I take
06:27 this opportunity to extend our profound appreciations to Malaysia for support and engagement across
06:34 diverse sectors, as well as good care and facilitation provided to Cambodian workers
06:39 residing in Malaysia. In addition, Cambodia always keeps in our hearts the invaluable
06:46 contributions of Malaysian peacekeepers to Cambodia during our peace process in the early
06:53 1990s.
06:54 Prime Minister Anwar's official visit to Cambodia last March and my visit today signifies this
07:01 close cooperation between our two countries. Today, like Prime Minister Anwar has mentioned,
07:08 we have concluded our discussions on a wide range of matters in order to improve our cooperation
07:20 across sectors. In our deliberation, we note that with satisfaction and positive thinking,
07:28 since the official visit of Prime Minister Anwar to Cambodia last March, together we
07:33 charted new course action aimed at fostering shared growth and prosperity. First, on the
07:39 political front, I assure Prime Minister Anwar's continuity of Cambodia's positive and inclusive
07:45 approach towards Muslim communities. Cambodia welcomes Malaysia's decision to host and to
07:53 start discussions on our joint commission for bilateral cooperation, which hopefully
08:00 to take place very soon, before mid of this year, in order to start off the process of
08:10 engagement in other sectors as well.
08:13 Second, on the economic front, our bilateral trade shows promising upward trends and there
08:19 is still untapped potentials. To further bolster economic partnership, we underline a more
08:26 active role of our private sectors in fostering economic collaborations and development initiatives.
08:35 A quick win will be immediate implementation of the two MOUs between our respective private
08:41 sectors to be signed later today. Furthermore, I will address the Cambodia-Malaysia Business
08:48 Forum later today to showcase potential and investment opportunities awaiting Malaysia's
08:56 exploration and expertise. We also welcome the signing of the MOU on cooperations in
09:02 the area of financial innovation and payment services that I have just concluded.
09:07 Moreover, Cambodia invited Malaysia to consider the possibility of establishing a joint trade
09:13 committee, we have discussed on this matter, to explore additional values and inject new
09:19 energies into economic and trade relations. We discussed the deepening of our collaborations
09:26 in the fields of education, training, customs, halal industry, and possibility of expanding
09:32 import of agricultural products in the two countries. Third, recognizing the importance
09:38 of enhanced connectivity, we discussed the possibility of collaboration further in terms
09:45 of tourism and facilitation of additional direct flight like Prime Minister Anwar has
09:52 mentioned, especially for more destinations between our two countries to facilitate the
09:57 visit between our two peoples as well as the tourists from third countries between our
10:02 two countries. Fourth, on the defence and security of cooperation
10:07 for this country, we affirm the commitment to strengthen mil-mil cooperation and sustaining
10:12 collaborations including information exchange and tackle regional challenge posed by online
10:20 scams. On the energy front, Cambodia appreciates Malaysia's
10:25 principled support for facilitating the Laos-Cambodia-Singapore undersea power transmission cable project
10:31 crossing Malaysia's seabed. In addition, Cambodia invited Malaysia to consider participation
10:38 in the Aborasit undersea power transmission cable project between Cambodia, Malaysia,
10:43 and Singapore for regional energy security. In closing, Prime Minister Anwar and I are
10:51 optimistic about the future of relation between our two countries. We all continue to meet
10:57 and consult regularly in a view of elaborating our relationship to new highs. And once again,
11:05 Prime Minister, thank you for your warm hospitalities and a very productive discussion today. Thank
11:10 you very much. Thank you, Excellency.
11:14 Ladies and gentlemen, we have now reached the conclusion of our joint press conference.
11:20 Once more, we would like to express our gratitude to His Excellency Hun Manet, Prime Minister
11:25 of Cambodia, and the Honourable Datuk Sri Adwani Ibrahim, Prime Minister of Malaysia,
11:31 and to all distinguished guests, announcing the departure of His Excellency, Prime Minister
11:37 of Cambodia, and the Honourable Prime Minister of Malaysia.
11:40 Thank you.
11:47 (Applause.)
11:48 (END)
11:48 1
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