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CDC Promotes Cambodia's Investment Opportunities to Japanese Investors in Thailand

  • Posted Nov 5, 2024 12:26 by EAC News
  • 4949
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Bangkok, Thailand – The Council for the Development of Cambodia (CDC) highlighted Cambodia’s investment potential during a joint investment promotion seminar themed “Plus-One Strategy,” held in Bangkok on November 1, 2024. The event, organized by the Japan External Trade Organization (JETRO) and the AEM-METI Economic and Industrial Cooperation Committee (AMEICC), aimed to attract Japanese investors to explore opportunities within Cambodia.

In his keynote address, Sun Chanthol, Deputy Prime Minister and First Vice President of the CDC, outlined Cambodia’s attractive investment climate, emphasizing factors such as political stability, macroeconomic health, and an open market environment bolstered by bilateral and multilateral trade agreements. He highlighted, "Cambodia offers a young, skilled workforce and is developing its infrastructure to support business growth."

The seminar drew approximately 200 participants, both in person and virtually, including members from the Japan Business Association of Cambodia (JBAC), the Japanese Chamber of Commerce in Bangkok (JCC), and officials from various Cambodian ministries and private sector stakeholders. The event served as a platform to present Cambodia’s investment policies, including an open investment law that provides incentives for priority sectors.

Deputy Prime Minister Sun Chanthol expressed gratitude to JETRO for co-organizing the seminar and reiterated the potential of Cambodia as an ideal location for Japanese investors seeking to expand their production capabilities. He underscored the benefits of investing in Cambodia, specifically the country's access to key markets without tariffs, as well as continued government support for business operations.

"The Cambodian government is committed to facilitating investments and ensuring a supportive environment for all investors choosing to make Cambodia their business destination," he stated. 

The seminar marked a significant step in fostering stronger ties between Cambodia and Japanese investors, positioning the Kingdom as a key player in the global supply chain through enhanced collaboration and mutual growth opportunities.

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