Belgium and Cambodia Enjoy Good Business
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The two delegations expressed their deep appreciation for the visit and discussions with Mr. Pen Sour Sang, Minister of Commerce at the Ministry of Commerce office on Thursday, September 20, 2018.
On that occasion, both Mr. Kridelka and Mr. Coates appreciated Cambodia’s progressive features, particularly physical infrastructure and attractive investment climate. The two envoys also invited the minister to attend the Cambodia-Belgian Business Forum, which is scheduled for early December, to promote cooperation between the two countries’ private sectors.
In response, Mr. Pen Sambath agreed to attend and thanked Mr. Kridelka and Mr. Coates, who supported and gave credibility to Cambodia.
The Minister informed both missionaries about Cambodia’s strong economic growth, investment policies and incentive policies for foreign investors.
The minister also highlighted the benefits of the Special Economic Zones and the Techno Park Industrial Park, which manufactures automotive components for export to regional and global markets under the preferential system provided by 32 countries, including the European Union.
In addition, the Minister also shared the vision of the Royal Government of Cambodia to transform Cambodia into a high-income country by 2030 and a high-income middle-income country by 2050.
The Kingdom of Cambodia and the Kingdom of Belgium renewed diplomatic ties on 12 November 1992. Today, the two countries have become economic and trade partners and have been supporting each other on the international arena. In 2017, the bilateral trade volume between Cambodia and Belgium reached 411 million US dollars, and for the first seven months of 2018, bilateral trade volume totaled US $ 292 million.
