Cambodian Minister of Commerce Receives Thai Businessmen

Cambodia’s Minister of Commerce H.E. Pan Sorasak welcomed here yesterday a delegation of Thai businessmen who came to explore potential business and investment opportunities in the country.

According to the ministry’s news release, the Thai delegation was led by Mr. Chanitr Charnchainarong, Chairman of Thailand-Cambodia Business Council.

Cambodia welcomed all investors to do business in the country, stressed H.E. Pan Sorasak on the occasion.

“Cambodia is 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, etc.,” he added.

H.E. Pan Sorasak also highlighted the establishment of strategically located Special Economic Zones (SEZs), which not only provide added incentive, but also ease the access to the economic corridors and efficient trade facilitation mechanism.

In terms of competitive advantages, he added, Cambodia’s location at the centre 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 businessmen delegation consisted of 32 small and medium enterprises (SMEs) specialising in various business sectors including beauty and cosmetic, spa products, food processing, health and supplements and industrial products.

The Cambodia-Thai bilateral trade reached some US$5.2 billion last year.

Source: Agency Kampuchea Press