Commerce Minister: Cambodia is an open economy with great incentive policies

15 Feb 2017 / 03:00 AM

 

In the evening of 14th February, 2017, at the cocktail reception of Cambodia International Business Summit 2017 organized at the InterContinental Hotel, H.E. PAN Sorasak, Minister of Commerce, informed international and national businesspeople that Cambodia offers many competitive investment incentives to investors.

“Although Cambodia is a small economy, the Royal Government of Cambodia has a clear vision and been formulated a number of policies that provide the most competitive advantages compared to countries in the region,” said H.E. PAN Sorasak. “Both foreign and local investors are treated equally under our investment law”, he added.

H.E. Minister further mentioned that Cambodia’s young and dynamic work force together with abundant natural resources, pro-business government, strategic geographical location and preferential trading arrangements with major trading partners as well as countries in the region, Cambodia is one among the best places to invest and do business.”

In line with Cambodia’s Industrial Development Policy (IDP) 2015-2025, the Royal Government of Cambodia had defined a new strategic framework to diversify trade and economic growth of Cambodia. The IDP aims at sharping the kingdom’s competitiveness and decreasing dependence on traditional sectors such as garment, tourism and agriculture, while encouraging more foreign direct investment for value-added segments of agribusinesses, food processing, component assembly, and light manufacturing.

This year summit has provided investors and entrepreneurs an exciting opportunity to broaden business network with a relaxing and cordial atmosphere to discuss and explore potentials for investment as well as to conduct business matching in order to promote the investment in Cambodia and boost the national economy.

Love to share on

Related News

Cambodia to boost trade, economic and tourism cooperation with Shaanxi province of China 28 Mar 2017 / 01:00 AM
Kampot Pepper, Kompong Speu Palm Sugar obtained GI Certificates in Thailand 25 Mar 2017 / 08:00 AM
រៀបចំពិធីបិទកិច្ចប្រជុំតុមូលចិនលើកទី ៥ ស្តីពីការចូលជាសមាជិកអង្គការពាណិជ្ជកម្មពិភពលោក (WTO) ក្រោមប្រធានបទ “ការអនុវត្តល្អបំផុតស្តីពីការចូលជាសមាជិករបស់ប្រទេសអភិវឌ្ឍន៍តិចតួច” និងកិច្ចប្រជុំពាក់ព័ន្ធ ដែលបានធ្វើឡើងរយៈពេលបីថ្ងៃ 23 Mar 2017 / 12:00 PM
Comoros Interested in Buying Rice and Garment from Cambodia 22 Mar 2017 / 11:45 AM
Cambodia Seeking for the MoU with East Timor to Strengthen Trade Relations 22 Mar 2017 / 11:40 AM
ប្រទេសចិនស្នើឲ្យកម្ពុជា ធ្វើការជាមួយស្ថាប័នជំនាញចិនលើការងារភូតគាមអនាម័យ ដើម្បីជំរុញការនាំចេញ 22 Mar 2017 / 11:30 AM
Cambodia will receive more supports from the EIF Secretariat 22 Mar 2017 / 11:00 AM
the opening Ceremony of the fifth China Round Table (CRT-5) on “WTO Accessions: Best Practices on the Accessions of Least Developed Countries” at Sokha Hotel, Siem Reap province. 21 Mar 2017 / 11:00 AM
ប្រតិភូក្រសួងពាណិជ្ជកម្ម ចូលរួមគោរពវិញ្ញាណក្ខន្ធសម្តេចវិបុលបញ្ញា សុខ អាន 18 Mar 2017 / 11:00 AM
Letter of H.E. Mr. PAN Sorasak, Minister of Commerce, to H.E. Ms. THENG Ay Annie Sok An 17 Mar 2017 / 11:00 AM
12345...>>

Login > Company Search

Username  
Password  

SUBSCRIPTION