December 28, 2009

Cambodia sets eye on China's agricultural market 

With the establishment of the China-ASEAN free trade area (FTA) on January 1, Cambodia seems confident that China will be a huge potential market for its agricultural exports.

Commerce Minister Cham Prasidh said Cambodia has many agricultural products to export and right now, China may have more money than the US to buy the goods.

Prasidh hopes that Chinese investors will be attracted to invest in Cambodia, which has preferential policies for foreign direct investment. Agro-industries, agriculture and manufacturing are among several areas that Cambodia is encouraging businesses to invest in.

"Cambodia is a potential exporting country in the region," Cham Prasidh said.

He notes that as Cambodia is located in the centre of the region, it provides favourable conditions for investors in exporting their products to 310 million people in the Greater Mekong Sub-region and 560 million people in Asean as well as other countries.