PHNOM PENH: August 14, 2024 – The Cambodian Chamber of Commerce (CCC) and the Japan External Trade Organization (JETRO) reaffirmed their commitment to strengthening economic cooperation between Cambodia and Japan during a meeting on Wednesday.

Neak Oknha Kith Meng, President of the CCC and Chairman of the Business Advisory Council to the Prime Minister, hosted outgoing JETRO Cambodia President Marisa Haruta and incoming new President Wakabayashi Kohei.

Neak Oknha Kith Meng expressed gratitude for Haruta’s contributions to enhancing economic and trade relations between the two countries.

He also welcomed Wakabayashi, emphasizing the strong and growing partnership between the CCC and JETRO. This includes joint business and investment promotion events and a Memorandum of Understanding signed in 2022 to foster a favorable investment climate for Japanese businesses in Cambodia.

Highlighting the deep-rooted economic, trade, investment, and people-to-people ties between Cambodia and Japan, Meng noted the elevation of bilateral relations to a Comprehensive Strategic Partnership in 2023. He underscored Cambodia’s economic aspirations, aiming to become a high-middle-income country by 2030 and a high-income country by 2050.

Cambodia’s strategic location, free trade agreements, and attractive investment climate were emphasized as key factors for Japanese businesses. Meng proposed increased collaboration between the CCC and JETRO to capitalize on these opportunities.

Haruta expressed her appreciation for the CCC’s support during her tenure. She highlighted the successful Cambodian Investment Seminar in Tokyo, chaired by Prime Minister Hun Manet, and emphasized the untapped potential for Japanese investment in Cambodia. JETRO has produced promotional videos to showcase the country’s opportunities.

Wakabayashi expressed his enthusiasm for continuing the strong partnership between JETRO and the CCC.

The meeting concluded with a shared commitment to promoting trade cooperation, business partnerships, and strengthening the overall strategic partnership between Cambodia and Japan.