DTA to reduce Malaysia-Cambodia trade imbalance, says Dr M
Prime Minister Tun Dr Mahathir Mohamad attend a dialogue with Malaysian businessmen and investors, involving 28 Malaysian companies operating in Cambodia, in Phnom Penh, Sept 3, 2019. — Bernama pic
“Many Malaysians are doing businesses and investing in Cambodia, and they have to pay high taxes, which is detrimental. Thus, with the signing of the DTA, it can reduce the costs borne by Malaysian businessmen and investors. “Besides that, Cambodia has to import oil and gas as it is a non-producing country. Thus, they have asked Petronas to develop the oil and gas industry in the country.
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