The Deputy Governor of Sihanoukville, Mr. Long Dimanche, welcomed the delegation and highlighted the province’s investment potential. He noted that Sihanoukville has beautiful beaches, 32 tourist islands, and rich ocean resources.

He also mentioned that the province’s deep-sea port is a gateway for about 70 percent of goods imported into and exported from Cambodia. The port is currently 9.5 meters deep, but it will be expanded to 14.5 meters by 2030 and then to 17.5 meters to accommodate larger transport vessels.

Mr. Dimanche also said that Sihanoukville is home to special economic zones and some 170 factories. The Royal Government of Cambodia is expanding the province’s airport and connecting it by railway and highway to Phnom Penh and other provinces. Sihanoukville has been cooperating well with the provinces of Trat and Chanthaburi in Thailand.

Mr. Audsitti Sroithong appreciated the briefing and spoke highly of Sihanoukville’s rapid development. He expressed optimism about Thailand’s investments in the province shortly. He also proposed the establishment of an investment coordination mechanism between the province and the Thai Chamber of Commerce.

Recently, Cambodia’s Minister of Commerce, H.E. Pan Sosak, met with a delegation from the Thai Chamber of Commerce led by Mr. Voratat Tantimongkolsuk and Mr. Audsitti Sroithong, Director of the Thai Enterprise Development Division. The meeting aimed to discuss trade and investment opportunities between Cambodia and Thailand.

The meeting between Minister Sosak and the Thai Chamber of Commerce delegation was a positive step towards further strengthening the economic ties between Cambodia and Thailand. The two countries have a lot to offer each other in terms of trade and investment, and the relationship will continue to grow in the years to come.

Bilateral trade between Cambodia and Thailand in 2022 was worth more than $4.6 billion. For the first six months of 2023, the bilateral trade volume amounted to more than $1.9 billion.

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The encouragement was made by H.E. Pan Sorasak, Cambodian Minister of Commerce, in his keynote speech at a workshop on Future Direction of Trade and Investment Opportunities in Cambodia 2023, held in Bangkok, Thailand yesterday afternoon to disseminate and share information on the economic situation and outlook for trade and investment in Cambodia after the COVID-19 crisis.

At the function, H.E. Pan Sorasak stressed the significance of the workshop for potential Thai investors to find all relevant information on trade and investment opportunities in Cambodia and encouraged them to study, invest and expand their investments, particularly in areas of circular economy and agro-industry in Cambodia to take advantages from bilateral and regional trade agreements.

The Cambodian minister further requested the Thailand Chamber of Commerce and Thailand Business Council to collaborate with the Cambodia Chamber of Commerce (CCC) for the exchange of visits between both countries’ private sectors to deepen trade and investment activities in both countries, as well as took the opportunity to invite concerned private sector, companies and businesspeople of Thailand to attend the 17th Cambodian and Import-Export Goods Exhibition (CIEG) to be held in mid-December this year in Phnom Penh.

H.E. Minister spoke highly of crucial progress of cooperation in all sectors between the two neighboring countries over the last couple of years despite the COVID-19 pandemic, reaffirming the commitment of the Royal Government of Cambodia (RGC) to deep reforms and adoption of laws, policies, and other measures to grasp the opportunities emerging from the crisis and ensure socio-economic development at the time when the world is facing with the rapid change of trade and economic architecture caused by global challenges such as COVID-19, trade and technology war, geopolitical tensions and climate change.

Favorable conditions such as free trade agreements with ASEAN, China, the Republic of Korea, and RCEP were also mentioned by the minister on the occasion.

H.E. Pan Sorasak thanked the Thailand-Cambodia Business Council (TCBC), Thailand Chamber of Commerce, Thailand Business Council, and Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB), for the organization of the important workshop, as well as appreciated active involvement of the participations, a reflection of strong commitment and a huge driving force towards future bilateral cooperation on trade and investment between both nations.

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