CCA Signs New Asean Agreement For AEC

• 31 December 2015
• Uncategorized
• 2735 Views

To promote ties among Chinese, ASEAN and Cambodian construction enterprises ahead of the regional merge, the Cambodia Constructors Association (CCA) and the China-ASEAN Business Council (CABC) have signed a Memorandum of Cooperation (MoC).

The MoC, signed by Neak Oknha Pung Kheav Se, CCA chairman and Mr. Xu Ningning, CABC executive director, on 26 October 2015, aims to unify both parties in common purpose to enhance Chinese and Cambodian construction enterprises.

This cooperation is anchored on three main principles, complementary and mutual benefit, equality and mutual assistance, and friendly consultation. Under the principle of complementary and mutual benefit, both parties will establish a cooperative business relationship based on good will and support each other’s common development, as well as leveraging respective strengths and advantages. Through equality and mutual assistance, they will maintain equal status, standing and rights under this MoC, each and together seeking mutual benefits and common development. Lastly, they will engage with one another in friendly negotiation on specific cooperation issues under this MOC, and implement agreed upon measures that advance their common development under the principle of friendly consultation principles.

The MoC also stressed four main points of cooperation. First, both parties will share information related to policy, markets, industry and commodities to construction establishments of both sides through the exchange of internal publications. Second, they will work on project cooperation in regard to; mutual assistance on exchanges between Chinese and Cambodian construction enterprises, including organising business delegations from both sides; recommend trade and investment partners for respective member enterprises; cooperate on projects; promote seminars, exhibitions, and mutual business visits; and provide necessary assistance to enterprises on both sides in hosting investment promotion conferences, project fairs and exhibitions.

To achieve their aims, the CABC and CCA agreed to establish a line of communication (working mechanism) by which they may exchange information on a regular basis, negotiate on cooperative matters and opportunities, and hold meetings when necessary.

While the MoC paves the way for providing business consultation, it also opens the door for mutual cooperation in other sectors beyond the building industry.

The CCA is a privately-run constructors group established in late 2012 to represent construction-related firms in Cambodia which now has over 100 member companies.

The China–ASEAN Business Council (CABC) is one of the five main dialogue cooperation mechanisms between China and ASEAN inaugurated in 2001. The CABC consists of the China Council for the Promotion of International Trade (CCPIT), the ASEAN Chamber of Commerce and Industry (ACCI), national business leaders, And well-known enterprises and experts from ASEAN members. Since its inception, it has been working on China-ASEAN trade and economic cooperation which has greatly promoted the establishment of the CAFTA and GMS Economic Cooperation Program.