Japan and Cambodia Investment Agreement
Even Japan is the Cambodia's largest donor, Japan is not ranked among Cambodia's top ten foreign investment countries. According to the official statistics of Japan-ASEAN Center, in 2006 Cambodia attracted US$ 2.33 billion of agreement-bound foreign direct investment (S. Korea US$1,010m; China US$717m, Russia US$277m, Thailand US$100m; USA US$32m; Taiwan US$47m; Belgium US$33m; Vietnam US$31m; Malaysia US$28m; Singapore US$11m; Cananda US$5m; Hong Kong US$4m, UK US$3.5; and JAPAN US$2m.)
However, since the official visit of Prime Minister Hun Sen to Japan in June 2007 and an investment protection agreement was signed by the two countries' leaders, more and more Japanese investment projects such as bank, hotel resort, mansion construction, trade company and island development have increased gradually in Cambodia. I believe the Japan's investment will additionally bolster the domestic capital, productivity, trade, employment and skills, technology diffusion and knowledge transfer which are crucial to Cambodia's further economic growth.
Please click the URL below to read the Agrrement Between Japan and The Kingdom of Cambodia for the Liberalization, Promotion and Protection of Investment:
No comments:
Post a Comment