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‘We are open for business,’ Minister tells New Zealand

Sum Manet / Khmer Times Share:
Pan Sorasak, the Minister of Commerce. Supplied

The Cambodian Commerce Minister last week appealed to businesses in New Zealand to consider the Kingdom as an investment destination.

During a meeting last week in Phnom Penh, Minister Pan Sorasak told Tahamoana Aisea Cluny MacPherson, New Zealand’s Ambassador in Cambodia, that the Kingdom’s investor-friendly policies makes it an ideal place to conduct business.

Likewise, he said Cambodia offers lucrative opportunities for New Zealand investors in the agriculture, light manufacturing, technology and services sectors.

“There is a lot of money to be made by investing in food processing plants as we have plenty of raw materials but few factories.

“We want New Zealand companies to invest in the manufacturing sector. This will aid in the transferring of new skills and technologies, while also developing a strong value chain to boost agricultural exports and enhance Cambodia’s competitiveness,” Mr Sorasak said.

“The government spares no effort when it comes to negotiating free trade agreements to open new markets, mobilise investors to diversify the economy and introduce policies to promote a better business and trade environment,” he added.

Mr MacPherson said he will relay Mr Sorasak’s message to business leaders back home and will work to promote investment from New Zealand firms into Cambodia.

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