(Tokyo): Cambodian Prime Minister Hun Manet highlighted the significant advantages of investing in Cambodia, citing the country's extensive network of free trade agreements (FTAs) and preferential tariff schemes with major regional and global markets.

The premier spoke on Thursday (May 29) during Cambodia-Japan Business Forum in Tokyo, Japan.

Prime Minister Hun Manet noted that as a member of ASEAN and a key signatory to various trade deals, Cambodia has concluded FTAs with countries including China and the Republic of Korea, as well as a Comprehensive Economic Partnership Agreement with the United Arab Emirates. Additionally, as a member of the World Trade Organisation (WTO), Cambodia benefits from preferential treatment under frameworks including Most-Favored Nation (MFN), the Generalised System of Preferences (GSP), and the Everything But Arms (EBA) initiative with ten other WTO member states.

On the occasion, Samdech Thipadei that these agreements are a core part of Cambodia’s strategy for sustainable and inclusive growth. Although the country’s domestic market comprises approximately 17 million people, its integration into broader regional trade frameworks, particularly the Regional Comprehensive Economic Partnership (RCEP), greatly enhances its export potential. Those who invest in Cambodia are not confined to the domestic market. They gain access to vast regional markets across ASEAN and through RCEP, which includes Australia, New Zealand, and many other nations.

Samdech Thipadei underscored, “Investing in Cambodia is not just about tapping into a growing local economy, it’s about leveraging Cambodia’s strategic position within a much larger regional trade network. That is what makes Cambodia an essential part of the regional trade platform.”
=FRESH NEWS