Activities Round Up

Date : 02 Oct to 02 Oct 2012
Place : Phnom Penh
Organised by : FISME

FISME signs agreement of cooperation with Cambodian counterpart

 

Federation of Indian Micro and Small & Medium Enterprises has entered into a cooperation agreement with Federation of Association for Small & Medium Enterprises of Cambodia (FASMEC), focusing on policy of creating institutional linkages between member countries of Association of Southeast Asian Nations (ASEAN).


The agreement was signed on October 2, 2012 at Phnom Penh, the capital of Cambodia by Mr Arun K Aggrawal, FISME’s Central Executive Committee Member and Director of Vimal Organics Ltd., Ghaziabad.


Both the federations have agreed to inform each other about various business opportunities in SME sector. The import duties under Indo-ASEAN Free Trade Agreements between India and Cambodia have come down significantly but both the countries have not been able to utilise the benefits properly.


The agreement will bridge the awareness gap between the SMEs of both the countries so that they can fully utilise the present market condition.   


FISME also plans to mount a trade delegation to Cambodia soon. This will further strengthen good relation between both the countries.