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Prime minister says Cambodia remains attractive place for business, investment

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Prime Minister Hun Sen on Sunday said that with social and political stability as well as strong economic growth over the past two decades, Cambodia remains an attractive place for business and investment. SPM

Prime minister says Cambodia remains attractive place for business, investment

Prime Minister Hun Sen on Sunday said that with social and political stability as well as strong economic growth over the past two decades, Cambodia remains an attractive place for business and investment.

Speaking at the opening of the 14th Cambodian Import-Export Goods Exhibition 2019 at the Koh Pich Convention and Exhibition Centre, the prime minister said the event to intended to showcase the Kingdom’s positive business and investment climate.

It was also a platform for matching local and foreign businesspeople and investors.

“To ensure a sound macro-economy and political and social stability, the government is open to all investors to do business and invest in the Kingdom.

“With the inflow of investment from foreign countries, it helps us generate capital, learn new skills and knowledge, and access new technology, as well as create jobs and expand domestic production.

“We are currently drafting the new investment and special economic zone laws, which will be open and comprehensive, to attract more investment and capital flows,” Hun Sen said.

The exhibition, which began on Sunday and runs until Wednesday, has 342 booths, with companies from China, Japan, Thailand, Indonesia, Malaysia, Myanmar, Vietnam and Laos taking part.

Minister of Commerce Pan Sorasak said at the opening ceremony that the exhibition served as an international platform for the promotion of trade, business and investment opportunities, as well as to highlight government policy that supports the private sector.

“The exhibition will showcase products from across Cambodia for export, with people also able to see high quality imports,” Sorasak said.

Cambodia has actively integrated with the region and the world as a result of sustainable economic growth, Hun Sen said.

“We have also enhanced competitiveness across all sectors, with the increasing volume of trade creating many job opportunities and spurring economic growth.

“We are exploring export opportunities with 142 member countries of the World Trade Organisation and looking to import products from 135 nations to meet local demand. Vibrant trade has helped meet local demand and pushed the volume of international trade past the $30 billion mark this year.

“I hope that with this exhibition, traders and investors will be able to learn more about the investment and business opportunities available in Cambodia,” the prime minister said.

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