Cambodian PM: G-PSF Not Held Because of EBA

Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen has affirmed that the 18th Government-Private Sector Forum (G-PSF) has nothing to do with the suspension of the European Union's Everything But Arms (EBA) scheme.

In his keynote address at the opening of the 18th G-PSF here this morning, Samdech Techo Hun Sen said today's event was not held in response to the concern over the suspension of EBA.

The EBA suspension is something that would happen now or later, but G-PSF is a mechanism of the Royal Government to reduce obstacles in doing business and to improve investment environment in the country so as to realise the prioritised goals to transform Cambodia into an upper middle-income country by 2030 and a high-income economy in 2050, he underlined.

This requires the Royal Government to continue giving high priority to peace and political stability maintenance for sharp reform measures to continue strengthening competitiveness as well as promoting national economic diversification at a higher pace and living standard [], he added.

G-PSF was established in 1999 at the initiative of the Prime Minister of the Royal Government of Cambodia to provide a reliable dialogue mechanism for consultation between the government and the private sector on investment climate issues ranging from long range policy to day-to-day operations to encourage private sector initiatives. The G-PSF provides a reliable platform for the business community to raise and resolve problems with the Government of Cambodia.

The Council of Development of Cambodia (CDC) acts as the secretariat of the G-PSF. CDC facilitates dialogue within and among the joint government/private sector Working Groups, and broadly between the Government and the business community.

Throughout the year, ten private sector working groups (PSWGs) meet regularly to identify and prioritise common problems, and negotiate solutions with Government counterparts. These groups are currently as follows:

1. Working Group on Agriculture & Agroindustry;

2. Working Group on Tourism;

3. Working Group on Manufacturing and Small and Medium Enterprises and Services;

4. Working Group on Law, Tax and Governance;

5. Working Group on Banking and Financial Services;

6. Working Group on Transport and Infrastructure;

7. Working Group on Export Processing and Trade Facilitation;

8. Working Group on Industrial Relations;

9. Working Group on Unhusked Rice-Rice; and

10. Working Group on Power and Mining Resources

Source: Agency Kampuchea Press