Phnom Penh (FN), Nov. 24 – Cambodian prime minister Hun Sen briefly informed about a good control of COVID19 in Cambodia, speaking at the 1st Asia-Europe Economic and Business Forum (AEEBF1), held on Wednesday via videoconference.

“With good control of COVID19 situation, as of November 18, 2021, the Royal Government has achieved the vaccination rate of more than 88 percent of the total population of 16 million.”

“In addition, the Royal Government of Cambodia has been formulating and implementing concrete policy measures to attract additional foreign investments by building infrastructure and improving the transportation system - both soft and hard, improving trade facilitation, developing human resource, setting up IT and digital system as well as developing financial sector,” the premier underlined.

“In particular, the Royal Government of Cambodia has expanded wider exporting markets by establishing various free trade agreements, namely: (1) Regional Comprehensive Economic Partnership Agreement (RCEP); (2) Cambodia-China Free Trade Agreement; and (3) Cambodia-Korea Free Trade Agreement; which will come into effect soon," he added.

Samdech continued that, overall, these positive developments have been transforming Cambodia into a more important and potential center for production, businesses, and investments in the region, with larger and more competitive exporting markets for investors from all over the world, especially European region.

The AEEBF1 is significant for investors to identify and explore new business and trade opportunities, and to strengthen cooperation and partnerships between public and private sectors, especially to exchange views under the important theme of “Transitioning to a New Normal: Leveraging Global Value Chains, Multilateralism and the 4th Industrial Revolution” aimed at promoting business-investment activities and socio-economic development in a new normal.