Francophone Ties Open Doors to Cambodia's Business Opportunities

详细摘要

PHNOM PENH – Cambodia seeks more investment from French-speaking countries and Francophone businesses are encouraged to explore the country’s ...

PHNOM PENH – Cambodia seeks more investment from French-speaking countries and Francophone businesses are encouraged to explore the country’s growing economic and investment opportunities, Commerce Minister Cham Nimul said.

Speaking at a Francophone Entrepreneurs Forum networking event on Nov. 13, Nimul said the country sees potential to expand trade and investment with other Francophone countries.

As the country geared up to host the 20th Francophonie Summit on Nov. 15 and 16, she saw the gathering as a chance to celebrate shared language and cultural ties and strengthen economic partnerships.

“Our trade and investment relations with Francophone partners, including France and Canada, continue to strengthen, while we see considerable untapped potential for cooperation with partners across Africa and beyond,” Nimul said.

Cambodia’s economy continues to reach international markets, supported by a growing manufacturing base, competitive agricultural products, expanding digital services and greater regional connectivity, she added.

Nimul also underscored the country’s efforts to diversify trade through multilateral, regional and bilateral trade agreements, particularly the Regional Comprehensive Economic Partnership (RCEP) and bilateral free trade agreements.

She said her ministry remains committed to facilitating trade, improving business services and creating a more favourable business and investment environment through institutional improvements and legal and regulatory reforms.

She said trust, confidence and personal connections are also essential to building lasting business partnerships.

Kith Meng, president of the Cambodia Chamber of Commerce (CCC), said Cambodia, as an active member of ASEAN and RCEP, offers Francophone entrepreneurs an open and strategic gateway to more than 700 million consumers.

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