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Delegation from China's Tai'an City Explores Investment Opportunities in Cambodia

  • Posted Jul 11, 2024 11:46 by Anthony Ellis
  • 2129
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Phnom Penh, July 11, 2024 – A delegation from Tai'an City in China visited Cambodia to explore business and investment opportunities within the Kingdom. The delegation was received by OK Boung, Secretary of State at the Ministry of Commerce, at the ministry's office earlier this week.

The meeting focused on several key areas, including the current investment climate in Cambodia, the local labor force, logistics, and the transition from low value-added garment factories to high value-added production. Discussions also highlighted the importance of integrating green energy into the production chain, reflecting a commitment to sustainable development.

OK Boung welcomed the delegation warmly and expressed his appreciation for the exchange of ideas and the exploration of potential investment projects. He emphasized the strategic importance of strengthening economic ties between Cambodia and Tai'an City, noting that such collaborations could bring significant benefits to both regions.

The delegation from Tai'an City showed a keen interest in understanding the opportunities available in Cambodia's rapidly growing economy. They discussed the potential for investment in various sectors, including manufacturing, technology, and renewable energy. The visitors also expressed their interest in the Cambodian government's initiatives to attract foreign investment and improve the ease of doing business in the country.

In addition to formal meetings, the delegation toured several key industrial zones and potential investment sites. These visits provided them with a firsthand look at Cambodia's infrastructure and investment potential. The delegation was particularly impressed with Cambodia's young and dynamic workforce, which they identified as a key factor in their investment considerations.

The visit marks an important step in strengthening the economic relationship between Cambodia and Tai'an City. Both parties expressed optimism about future collaborations and agreed to continue dialogues to identify and develop concrete investment projects.


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