PHNOM PENH, July 2, 2020 – His Excellency Pan Soeusak The Minister of Commerce met with the Japanese Business Association of Cambodia (JBAC) to discuss Japanese investment in Cambodia.
The Minister also informed about the implementation of Cambodia's policy to expand the market as well as attract investment. Through the implementation of the policy, the Ministry of Commerce has led negotiations on regional and bilateral free trade agreements, including the Regional Comprehensive Partnership Agreement. The RCEP, which Cambodia and Japan are both parties to, will be finalized and signed this year. The RCEP agreement will create a broader market for Cambodia, and it is also moving its economy to create jobs as well as create jobs. Value Added for Local Products.
Therefore, the Minister encouraged Japanese companies to invest more in Cambodia, especially in the industry and processing of agricultural products The agreement.
JBAC accepted the Minister's request and stated that Japanese companies still intend to expand and invest in Cambodia and that the association will strive to Doing our best to attract those investors to Cambodia.