CCC in Australia Pledges to Enhance Investment between Cambodia and Australia

The President of the Cambodia Chamber of Commerce (CCC) in Melbourne, Australia, has committed to boosting investment between Cambodia and Australia, citing Cambodia’s significant potential to access regional and international markets through various free trade agreements.

During a meeting with Prime Minister Hun Manet, Mr. Taning Sethy, President of CCC in Melbourne, Australia, stated that the establishment of a representative office of the Cambodian Chamber of Commerce in Melbourne is progressing through coordination between the Cambodian Chamber of Commerce and the Ministry of Commerce, in accordance with Cambodian laws and regulations. Mr. Taing also discussed the process of electing leadership for the Melbourne office and outlined future action plans.

Mr. Taning Sethy emphasized that his visit and delegation to Cambodia aimed to explore business and investment opportunities, understand the government’s policies and strategies to attract investment, and foster connections between the private sectors of Cambodia and Australia. He highlighted sectors like food processing, agriculture, and others for potential investment.

In response, Prime Minister Hun Manet praised the initiative to establish the Cambodian Chamber of Commerce in Melbourne and Sydney, noting it as a positive step toward enhancing government-to-government relations and bilateral business ties. He underscored the government’s commitment to improving Cambodia’s business environment, enhancing competitiveness through investment laws, and implementing flexible mechanisms to support investors and the private sector.

The Prime Minister emphasized Cambodia’s access to regional and international markets through various free trade agreements, including the Cambodia-Korea Free Trade Agreement, Cambodia-UAE Comprehensive Economic Partnership Agreement, as well as frameworks like ASEAN and the Regional Comprehensive Economic Partnership Agreement (RCEP), all of which present investment opportunities.

Furthermore, Prime Minister Manet reaffirmed the government’s commitment to maintaining stability and security for existing investors in Cambodia, along with a focus on skills training to meet the demands of industries such as automotive, electronics, digital technology, and others aligned with global growth trends.

Encouraging the Cambodian Chamber of Commerce in Melbourne, Australia, to explore opportunities in key sectors such as agriculture, agro-industry, renewable energy, education, and health, Prime Minister Manet proposed collaboration with relevant Cambodian ministries and institutions to enhance business and trade opportunities between Cambodia and Australia. He concluded by wishing Mr. Taing Sethy and his delegation success in their endeavors in Cambodia and a safe journey back.