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Cambodia tells EU that door is open for all investors


PHNOM PENH, Nov. 29, 2011– Cambodia’s Deputy Prime Minister, Dr. Sok An, told European Union diplomats on Monday that Cambodia welcomes all investments, not only from China, but also from the EU and other countries.


In response to a question by the Polish Ambassador, who asked about Cambodia’s view of China’s presence in Asia in terms of politics and economics, H.E. Sok An said, “Cambodia’s foreign policy is that we have no enemy. We open our investment opportunities to everyone. We never consider this or that country as an enemy or adversary.”

Dr. Sok An said that Cambodia signed investment deals not only with Chinese companies but also with those from the EU and other countries as well.

The Deputy Prime Minister recalled that Cambodia went through hardship, after the fall of the Khmer Rouge regime, as a result of an economic embargoed by the West in the 1980s. Cambodia now welcomes all investments for sustainable development for the benefit of its people and nation, whose infrastructure was devastated by more than 30 years of civil war.

Dr. Sok An told the 15 EU diplomats, led by UK Ambassador Mark Gooding, that since 1999 Cambodia has made much progress thanks to the wise policy of the Royal Government under the leadership of Samdech Akka Moha Sena Padei Techo Hun Sen.

Cambodia’s growth was in double digit from 2002 to 2007, before the global financial crisis sparked in 2008, said Dr. Sok An, who is also Minister in Charge of the Office of the Council of Ministers.

Ambassador Gooding said in the meeting that he has seen Cambodia’s progress in many aspects over the last decade and is looking forward to continue working with Cambodia. Two-way trade between EU and Cambodia has increased 50 percent, said Mr. Gooding.

Dr. Sok An said that Cambodia has great potential for investment in agriculture, tourism and garment industry.

Cambodia is aiming to export one million tonnes of clean rice by 2015. The country has about 4 million tonnes of surplus paddy rice a year. Cambodia’s farmers who live near the borders with Thailand and Vietnam sell their surplus rice to neighbouring traders. But with a new rice policy, Cambodia hopes to arrange more exports oriented to overseas markets for more profit to its people.

Cambodia last year received 2.7 million tourists and hopes to increase this in the future thanks to the country’s peace, stability, cultural heritage and eco-tourism.

The World Tourism Organisation reported that Cambodia’s tourism nets about $2 billion a year, about 12 percent of its GDP.


Cambodia ratified the international labour standards in the late 1990s, which also attracted more investment to the kingdom, where garment factories mushroomed and created jobs for local people. H.E. Dr. Sok An said that 60 percent of Cambodia’s garment products are exported to the U.S. market and 23 percent to the EU and the rest to Asian markets.

The Deputy Prime Minister said that Cambodia is continuing to strengthen the rule of law, including the drafting of a law on non-government organizations (NGOs) and associations. Dr. Sok An told the delegation that this draft legislation is now being examined by legal experts and the Ministry of Interior to ensure it is appropriate.

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PHNOM PENH, February 20, 2014  – Cambodian Deputy Prime Minister Sok An and Malaysian Deputy Prime Minister shared views on Thursday that both countries can tap mutual benefits and complement each other. Malaysian Deputy Prime Minister and Minister of Education Tan Sri Muhyiddin informed H.E. Sok An that, “Malaysia is good at rubber plantations, palm oil, and technology and the key is how best to work with Cambodia.” He said that Malaysian companies are interested in investing in processing rubber resin and can make good furniture from old rubber trees in Cambodia. Malaysian state run companies can also explore energy, generation, hydro-power plants and infrastructures such as roads in Cambodia. “We need feasibility studies first before the next steps can be taken. We can provide resources under the plan of privatization,” H.E. Tan Sri Muhyiddin said in the meeting. In response, H.E. Dr. Sok An, also Minister in charge of the Office of the Council of Minist...