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Chinese company to invest in plant

Sum Manet / Khmer Times Share:
Guangbo Building, Directorate General of Budget, Accounting and Statistics, Executive Yuan. Address: No. 2, Guangzhou Street, Zhongzheng District, Taipei City. wikimedia/Chongkian

Chinese firm GuangBo Group plans to build an educational accessories factory in the Kingdom, an investment that has already gained the support of the Cambodian Minister of Commerce.

At a meeting on Tuesday with GuangBo Group chairman Wang Liping, Pan Sorasak, the Minister of Commerce, expressed support for GuangBo’s investment plans and said the Kingdom’s investor-friendly policy is the reason Chinese firms continue to show interest in Cambodia.

“Cambodia has 19 special economic zones providing investors a 9-year exemption on operating income tax, 100-percent ownership management, and export opportunities to markets in the Asean region, the United States and the European community under preferential trade status,” he said.

The minister also said the government is working to improve the investment climate by cutting red tape, building infrastructure, developing the nation’s workforce, and creating investor-friendly regulation.

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