PHNOM PENH: Cambodia is setting up a private trade center in Macau, China, to boost its trade and attract more investment.
A Cambodian commerce ministry delegation led by Secretary of State H.E. SEANG Thay visited the planned location on July 22nd and 23rd.
The center will showcase Cambodian products and provide information on trade, investment, tourism, and culture. It’s part of Cambodia’s wider strategy to establish similar centers in the United Arab Emirates, Japan, and China.
During the visit, H.E. SEANG Thay met with officials from a regional investment fund and private companies. He highlighted Cambodia’s business climate, investment opportunities, and its benefits as a Least Developed Country (LDC). He encouraged them to help promote and purchase Cambodian agricultural products.
One company expressed interest in building a furniture factory to export finished goods using imported materials. Another is considering buying Cambodian products.
Early this year on Feb. 26, the inauguration ceremony of the Cambodia Private Commercial Centre was held in Dubai. The ceremony was presided over by H.E. Mrs. TEKRETH Kamrang, Secretary of State at the Cambodian Ministry of Commerce, with participation from relevant leaders and officials of both Cambodia and the UAE, alongside representatives of Oneroad Group.
As stated by the Ministry of Commerce (MOC), the Dubai center aims “to promote and export Cambodian products to international markets, as well as to disseminate documents related to Cambodia’s trade, economy, investment, culture, and tourism to traders, investors, and international tourists, especially from the UAE.”