Representatives of 14 U.S. Leading Companies Visit Cambodia

A delegation of 14 leading U.S. companies organised by the U.S.-ASEAN Business Council arrived in Phnom Penh to engage with high-level Cambodian government officials and other stakeholders on expanding U.S.-Cambodia trade and investment ties, said a press release of the U.S.-ASEAN Business Council AKP received this afternoon.

The business mission is led by Mr. Mark Lewis of ConocoPhillips, Chair of the Council’s Cambodia Committee, Dararith Lim of GE, Vice-Chair of the Council’s Cambodia Committee, and Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the U.S.-ASEAN Business Council, it pointed out.

During its visit, it added, the delegation consulted with the Royal Cambodian Government on its efforts to “Rebrand Cambodia” and ways to expand stakeholder consultation during policy formulation. The delegation expressed interest in the Royal Government’s initiatives to promote better governance and transparency, technological development, corporate governance, financial inclusion, human resource development and SMEs.

“We are encouraged by the active dialogue between the Royal Government of Cambodia and the Council’s delegation,” said Ambassador Michael Michalak. “We have held productive discussions with our Cambodian counterparts and sought ways for U.S. companies to support Cambodia’s economic development. The Council is keen to use its expertise and partnerships to promote international investment, improve public policy engagement, and foster competitive Small and Medium Sized Enterprises (SMEs). This year’s record-breaking number of 14 participating companies reinforces the Council’s and our members’ strong faith in Cambodia’s economic potential.”

Cambodia is among the fastest growing markets in the region and we see high potential of growth in the country, especially with regards to healthcare and power development, said Mr. Dararith Lim of GE. “Over the years, we have been working closely with Council to deliver tangible results to support Cambodia and we are committed to accelerate this momentum in 2017. In order to realise this goal, GE will continue to push for stronger localisation and focus more on projects that could help address the national issues while significantly enhancing the lives of local people.”

According to the press release, the delegation will meet with a number of Cambodian senior officials and stakeholders.

Companies participating in the mission include 3M, Chevron, Citi, Coca-Cola, ConocoPhillips, Dow, Ford, GE, Herbalife, Elanco, MasterCard, Microsoft, RMA Group, and Visa.

Source: Agency Kampuchea Press