China Proposes ‘Sister City’ Agreement Between Hubei & Cambodia’s Three Major Provinces

• 5 July 2021
• Local News
• 4455 Views

China has proposed to establish a ‘sister city’ agreement between its renowned commercial hub in Hubei province and Siem Reap, Kampot and Sihanoukville in Cambodia.

According to a letter from the Ministry of Foreign Affairs and International Cooperation on 2 July, the proposal aims to boost trade opportunities and develop these four provinces into a larger commercial hub network.

Hubei province is part of China’s Belt and Road Initiative development plan and is also a key economic and transportation hub. Thus, connecting this province with Cambodia’s high-potential provinces will benefit both nations.

The same source added that even prior to the sister city agreement, the four provinces are already well-connected as many major firms in Hubei have thus far been and are planning to invest more and more in Cambodia, particularly in the infrastructure and energy sector.

• Economy and Finance