India and Cambodia have completed negotiations for a bilateral investment treaty (BIT) and have agreed to sign it at the earliest, an official statement said on Monday.
They also discussed ways to increase cooperation in sectors such as agriculture, dyes and pigments, banking and insurance sectors with a view to boosting economic ties.
The issues were discussed during the India-Cambodia Joint Working Group on Trade and Investment (JWGTI) meeting in Phnom Penh, Cambodia.
“The two sides also welcomed the discussion for completion of the Bilateral Investment Treaty between India and Cambodia and agreed for early signature on it,” the commerce ministry said in a statement.
The treaty protects and promotes bilateral investments.
The meeting was co-chaired by Amit Verma, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry and Long Kemvichet, Director General of International Trade, Ministry of Commerce, Cambodia.
The meeting, it said, deliberated upon ways to diversify and deepen trade, including through cooperation and collaboration in traditional medicine, e-governance modules, recognition of Indian pharmacopeia, trade statistics reconciliation and the sharing of information on flagship trade fairs and business delegations.
“They also welcomed the successful launch of UPI acceptance at KHQR-enabled merchants in Phnom Penh on 2 June 2026, and discussed the next phase of enabling Cambodian payment applications to scan UPI QR codes in India, which would allow Cambodian travellers to use UPI-enabled terminals in India seamlessly,” it said.
India has received USD 51 million FDI during April 2000 and March 2026.
-PTI
