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Cambodia woos more French-speaking investors

Ry Sochan / Khmer Times Share:
Minister of Foreign Affairs Prak Sokhonn addresses the 37th Ministerial Conference of the Francophonie via videoconference. KT/Khem Sovannara

Foreign Affairs Minister Prak Sokhonn called for more Francophone investors to the Kingdom, saying Cambodia has created a favourable environment for entrepreneurial opportunities.

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“The Asia-Pacific region is now the leading economic free-trade region in the world. Cambodia, which is a French-speaking country, would like to invite entrepreneurs and Francophone investors to come and meet their Francophone partners in Cambodia to synergise efforts to jointly invest,” he said.

Sokhonn said this on Tuesday during the first day of 37th Ministerial Conference of the Francophonie (CMF) held in Paris, France, via videoconference.

“They will communicate with one another in French with economic leaders from the public and private sectors and will see opportunities to be seized,” he said.

Rawanda’s Louis Mushikiwabo,  secretary-general of The International Organisation of la Francophonie (OIF) plans to visit Cambodia and the Asia-Pacific region next year for the implementation of the OIF’s economic strategy.

“We will make this visit a success and encourage you to surround yourself with a delegation of private entrepreneurs from country members of the OIF,” Sokhonn said.

He said pluralist liberal democracy requires a strong private sector. Cambodia has reduced its rate of poverty from 53 percent to 10 percent in less than twenty years because Cambodia has the ability to maintain peace and stability, creating a favourable environment for enterprises and labourers.

Sokhonn called for those responsible at different levels of the OIF to pay regular attention to the principles of non-interference, non-alignment, self-determination and national identity.

“The late King Father Norodom Sihanouk was one of the founders of the Francophone movement and the most prominent leader of this movement in Asia,” the Ministry of Foreign Affairs said in a statement on Monday. At present, OIF has 88 member states and governments.

Royal Academy of Cambodia’s International Relations Institute director-general Kin Phea said that when talking about Francophonie, the role of the late King Father Norodom Sihanouk who was one of the founders of the Francophonie is remembered.

He said the Kingdom has many diplomatic channels. Besides the diplomatic channels of Asean, Asia–Europe Meeting (Asem), and other multilateralism mechanisms, Francophonie is another important channel which demonstrates the role of Cambodia in the framework of the countries that use the French language.

“Sokhonn’s participation in the CMF showcases Cambodia’s role, as another diplomatic channel through which the Kingdom could contribute with other countries in the region to make our voice heard in addressing issues,” he said.

 

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