Thai Businesses Interested in Doing Business in Cambodia and Looking for Potential Business Partners

16 Feb 2017 / 09:00 AM

 

In the morning of February 15, 2017, H.E. PAN Sorasak, Minister of Commerce welcomed a delegation of Thai businesses who came to introduce themselves and to explore potential business and investment opportunities in Cambodia.

The Thai delegation was led by Mr. Chanitr Charnchainarong, Chairman of Thailand-Cambodia Business Council. The delegation consisted of 32 small and medium enterprises (SMEs) specializing in various business segments including beauty and cosmetic, spa products, food processing, health and supplements and industrial products.

To begin with H.E. Pan Sorasak, Minister of Commerce informed the delegation of bilateral trade volume between Cambodia and Thailand which is amounting to $5.2 billion. This represents substantial trading activity between the two countries. The meeting also explained about Cambodia’s investment climate, business opportunities, and Cambodia’s competitive advantages in the region.

With a pro-business Government, Cambodia welcomed all investors to do business in Cambodia. To attract investors, Cambodia has one of the most open market economy in the world with many incentives including tax holiday, duty exemption for import of machinery and material, full foreign ownership, and more.

In addition, the establishment of strategically located Special Economic Zones (SEZs) not just provide added incentive, but provide for ease of access to the economic corridors and efficient trade facilitation mechanism. In term of competitive advantages, Cambodia’s location at the center of ASEAN allows goods to be transported anywhere in the region in a short period of time. Moreover, preferential treatments that Cambodia received from European Union, United States and others, provide investors with a ready-made markets in which to venture and take advantage of.

The Thai delegation appreciate the Minister’s comments and advice. They informed that they are using this trip to learn about business in Cambodia and to look for potential partners in conducting business and investment. Responding to this,

Excellency Minister was pleased that there are many interests in Cambodia. He suggested that business matching should be made to introduce Thai and Cambodian businesses to one another and proposed that close cooperation between the Ministry of Commerce, Thai Chamber of Commerce and Cambodia Chamber of Commerce is maintained and increase interaction with one another on a regular basis. Ministry of Commerce was also pleased to appoint a focal point for any inquiry and support to Thai businesses.

 

Love to share on

Related News

High-Ranking Officials received the King’s visit at the Commerce Pavilion 12 May 2017 / 06:00 PM
Japanese Investor interested in developing Eco-Tourism at Kirirum National Park 10 May 2017 / 07:00 AM
រដ្ឋមន្ត្រីពាណិជ្ជកម្មចូលរួមសម្ពោធមហាចេតីយ៍ និងសមិទ្ធផលក្នុងវត្តសូរភី ខេត្តបាត់ដំបង 07 May 2017 / 06:00 PM
ពិធីបើកជំនួបពាណិជ្ជកម្មដើម្បីលើកកម្ពស់ការអភិេវឌ្ឍវិស័យសូត្រនៅកម្ពុជា 03 May 2017 / 06:00 AM
រដ្ឋមន្ត្រីពាណិជ្ជកម្ម ជំរុញអាស៊ានយកចិត្តទុកដាក់លើការមកដល់នៃសេដ្ឋកិច្ចឌីជីថល 01 May 2017 / 07:00 PM
រដ្ឋមន្ត្រីពាណិជ្ជកម្ម៖ អាស៊ានបានឆ្លើយតបយ៉ាងវិជ្ជមានចំពោះបញ្ហាក្នុងតំបន់ និងអន្តរជាតិ 01 May 2017 / 06:00 PM
រដ្ឋមន្ត្រីពាណិជ្ជកម្មស្នើអាស៊ានជួយពង្រឹងសហគ្រាសធុនតូច និងមធ្យមនៅកម្ពុជា 30 Apr 2017 / 06:00 AM
ប្រតិភូក្រសួងពាណិជ្ជកម្ម ដឹកនាំប្រជាពលរដ្ឋ ៧៥០នាក់ ស្វែងយល់អំពីសមិទ្ធផល និងសក្តានុពលខេត្តព្រះសីហនុ 29 Apr 2017 / 06:00 AM
Senior trade official requests ADB to provide technical and financial assistance for sustainable growth 28 Apr 2017 / 03:00 PM
Meeting to seek legal possibility to response EU’s new regulation 19 Apr 2017 / 08:00 PM
12345...>>

Login > Company Search

Username  
Password  

SUBSCRIPTION