Cambodia Chamber of Commerce sets up liaison office in Japan

Cambodia Chamber of Commerce sets up liaison office in Japan

To further augment and give a major thrust to the commercial sector between Cambodia and Japan, the government has established a broad liaison of the Cambodia Chamber of Commerce in Japan.

In a sub-decree on December 17 and signed by Prime Minister Hun Sen, the CCC’s liaison was established in Sendei city, Japan’s Tohoku Region.

The CCC’s liaison will be chaired by Susuma Tai, honorary consulate of Cambodia in Japan.

The process of setting members of the liaison will be made soon, said Lim Heng, CCC’s Vice-President.

“Now, we have already established a liaison in Sendei city of Japan. The next procedures will be in the process of electing members and president. It will not take long to see the liaison put into commence,” Heng said yesterday, adding, “The establishment of a representative office of the Cambodian Chamber of Commerce in Japan is another good sign for the friendly relations, trade and investment cooperation between the two countries.”

“Cambodia Chamber of Commerce wants to promote the development of our country, investment laws, and regulations that have the potential for Cambodia to attract more Japanese investors,” Heng said.

Cambodian government just endorsed new investment law which will be incentives offered to new investors from abroad to Cambodia, Heng said.

The official launch of the CCC liaison will be run under the presence of senior officials of relevant ministries, he said.

This is the first liaison abroad and the CCC plans to set up its liaisons in other countries of China, EU, the US and Canada.

Nguon Mengtech, director-general of the CCC said in June this year that the liaison in Japan will work functionally attracting new investment from Japan to Cambodia.

“In Japan, we don’t have any representative office so, once operational, the CCC’s representative office will play an important role in facilitating investment and businesses from Japan to Cambodia,” Meng Tech said.

“There have been many Japanese investors waiting to seek opportunities in Cambodia and they would come and explore in the post COVID-19 era,” he said.

Bilateral trade between Cambodia and Japan reached $1.754 billion in the first three quarters, a 4.4 percent increase compared to the same period last year.

Cambodia spent $438 million importing products from Japan during the same period, a 29.1 percent increase compared to 2020.

According to the Council for the Development of Cambodia (CDC), 146 Japanese qualified investment projects (QIP) were registered in Cambodia as of October with a total investment capital of $2,853 billion. Khmer Times