Cambodian PM Hun Manet.
PHNOM PENH (Xinhua): Cambodian Prime Minister Hun Manet said here that regional and bilateral free trade agreements (FTAs) have created favorable conditions and opportunities for trade and investment.
In a speech to entrepreneurs during a solidarity dinner in the capital Phnom Penh, Hun Manet said Cambodia holds a strategic location and trade pact opportunity and that investing in Cambodia does not invest for the market of 17 million people, but for other parts of the world.
"Investing in Cambodia opens opportunities to many other parts of the world because Cambodia has many free trade agreements, including with ASEAN (the Association of Southeast Asian Nations), the Regional Comprehensive Economic Partnership (RCEP), South Korea, China, and the United Arab Emirates (UAE)," he said.
Also, Cambodia has received many other preferential treatments to have access to markets in Europe and other countries, he added.
Hun Manet said Cambodia ranked as a top emerging market for foreign investment in 2024 thanks to its strong gross domestic product (GDP) growth, low inflation, and rise in foreign direct investment.
In terms of infrastructure connectivity, he said Cambodia has been expanding its infrastructure connectivity such as airports and seaports, linking them with neighboring countries and major export hubs in the region.
Hun Manet said a recent major infrastructure project is the Chinese-invested Siem Reap Angkor International Airport, which officially opened in November 2023.
Meanwhile, the prime minister said Cambodia aims to attain the target of having 70 percent renewable energy by 2030, up from the current 62 percent. - XInhua
