Speaking during a meeting with the Association of Khmer-Chinese in Cambodia on Monday, Prime Minister Hun Sen reiterated his commitment to the one-China policy, and urged Taiwanese investors to consider Cambodia to expand their investments and businesses.
For in depth analysis of Cambodian Business, visit Capital Cambodia
The one-China policy asserts that both Taiwan and mainland China are part of a single country.
“Our economy is strong because of the political stability and the participation of investors in the country,” Mr Hun Sen said during an exchange with Oknha Pung Kheav Se, chairman of the association.
“Cambodia does not discriminate against any investors, including Taiwan, so I encourage them to come to Cambodia.
“But Cambodia only recognises the one-China policy,” he added. Mr Kheav Se, co-founder of Canadia Bank and CEO of real estate developer Overseas Cambodia Investment Corporation (OCIC), said the Association of Khmer-Chinese in Cambodia has 18 permanent board members and 50 regular members, who collectively own a plethora of businesses in Cambodia in different sectors of the economy.
“The association aims to contribute to the development of Cambodia, including social welfare and the creation of jobs. In particular, it is contributing to boosting agriculture and the agro-industry business,” Mr Kheav Se said.
“We do appreciate the government’s efforts in promoting investment and facilitating business activity in the country.”
According to the Ministry of Economy and Finance and the Council for the Development of Cambodia (CDC), China is Cambodia’s top investor and donor.
From 1994 to 2016, Chinese investment in Cambodia amounted to $15 billion. In 2016 alone, it equaled $1.05 billion.