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.
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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.