Sunday, September 27, 2009

Is Comrade Hor 5 Hong confessing that Cambodia is in serious economic trouble?

Cambodia's Deputy Prime Minister Hor Namhong addresses the 64th session of the United Nations General Assembly at United Nations headquarters Saturday, Sept. 26, 2009. (AP Photo/Jason DeCrow)

Cambodia calls for successful conclusion of trade talks

UNITED NATIONS, Sept. 26 (Xinhua) -- Cambodia on Saturday called for the successful conclusion of the Doha Round negotiations to help mitigate the impact of the world economic and financial crisis on developing countries.

Cambodia's Deputy Prime Minister Hor Namhong made the statement as he addressed the general debate of the UN General Assembly at UN Headquarters.

While the developed countries have more possibilities and resources to cope with the economic slowdown, the developing countries have suffered the most with a huge loss of national income, he said.

The economic growth of developing countries is expected to fall sharply due to a drastic reduction in export which they have largely been dependent on, to the falling of investment, and to the rising unemployment, he said.

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