Melbourne: on the evening of March 4, 2024, Suon Sophal, Deputy Secretary General of the Board of Investment of Cambodia, engaged in productive discussions with the AUSTRADE Working Group, led by Daniel Boyer, Executive Vice President for Trade and Investment. The meeting, hosted at the Melbourne Exhibition Center in Australia, was aimed at bolstering the ongoing partnership between the Council for the Development of Cambodia and AUSTRADE in the field of investment.

During this significant encounter, Sophal extended heartfelt gratitude to the AUSTRADE team for their willingness to engage with the Cambodian delegation at the ASEAN-Australia Market Fair booth. This dialogue provided an invaluable opportunity to highlight Cambodia's strategic initiatives to attract and promote investments that diversify the economy, enhance value addition, and lay a solid foundation for realizing the ambitious vision of Cambodia 2050, as envisioned by the country's leadership.

In turn, the AUSTRADE representatives expressed their appreciation for Cambodia's active participation in Melbourne, underlining the mutual benefits of such interactions. The discussions were fruitful, with both parties identifying and agreeing on cooperative projects expected to yield significant outcomes for both countries. Furthermore, there was a consensus on facilitating a collaborative environment for an AUSTRADE planning team's forthcoming mission to Cambodia, aimed at closely reviewing projects that could attract Australian investment into the Cambodian market.

As the meeting concluded, the AUSTRADE team emphasized the importance of cooperation from the Council for the Development of Cambodia in spreading awareness among Australian investors and businesses about the opportunities awaiting in Cambodia. This includes the dissemination of informative materials, such as a book on investing in Cambodia, designed to guide those looking to expand their operations into Southeast Asia.

This engagement marks a promising step forward in the economic collaboration between Cambodia and Australia, signaling a shared commitment to fostering investment, innovation, and sustainable growth for both nations.