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US companies urged to invest in Cambodia

Chea Vannak / Khmer Times Share:
Ambassador Patrick Murphy and Minister Pan Sorasak during their meeting Friday. MoC

Cambodia last week asked the United States to increase investments in the Kingdom, claiming that working conditions here have improved dramatically in recent years.

The appeal was made by Commerce Minister Pan Sorasak in a meeting on Friday with US Ambassador Patrick Murphy.

Mr Sorasak told the ambassador that the Cambodian government has made significant progress in improving working conditions in the Kindom.

“Minister of Commerce Pan Sorasak asked the US to boost investments here, particularly in agriculture, gem processing, light manufacturing, and electronics,” a post on the Ministry of Commerce’s Facebook page said.

During Friday’s meeting, Mr Murphy pointed out that the US Embassy will soon organise a forum focused on the agriculture sector. The aim of the event, he said, is to help small and medium-sized businesses.

“To support the development of SMEs in Cambodia, the US embassy will soon organise a forum on agro-industry in February next year,” Mr Murphy said.

The US diplomat told Mr Sorasak that General Electrics has expressed its intention to invest in Cambodia’s energy sector.

US Embassy Spokeswoman Emily V. Zeeberg said the embassy is encouraging US businesses to seek investment opportunities in Cambodia.

“The United States values our economic relationship with Cambodia and our Embassy has worked to attract more US companies to the Kingdom as well as connect Cambodian companies to US businesses,” Ms Zeeberg said.

“We plan to follow-up this event by inviting some of the United States’ top companies to Cambodia in February to explore trade and investment opportunities in Cambodia’s agriculture sector,” she added.

A diverse group of Cambodian businesses participating in the Indo-Pacific Business Forum, the region’s premier trade and investment event held in Bangkok in early November, had the opportunity to build connections to key policymakers and nearly 1,000 business executives from the US and over 20 other Indo-Pacific nations, she pointed out.

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