Cambodia

Cambodia Sees Opportunity for US Investment in Agriculture

Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo. Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo.
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Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo.
Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo.
VOA Khmer
WASHINGTON DC  - Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business relatively free from the graft as Cambodia makes anti-corruption headway.

Cham Prasidh was in Washington last week, where he and other officials marked the 45th anniversary of the US-Asean Business Council. He said American companies are typically not aggressive in overseas investments and prefer to invest in a “clean” country. Not so with China, he said.

“The Chinese are not waiting for the house to be clean to come in,” he said. “That’s why they are the pioneers of Asian countries to invest in Cambodia.”

Cambodia is trying to “clean” its own house, he said, but at the same time it should be attractive as an “open and liberal economy.” And it is trying to leverage its status as a lesser developed country, with trade preferences to big markets in the US and Europe, he said.

Cambodia Sees Opportunity for US Investment in Agriculture​​ (Part 1)i
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VOA Khmer
04 December 2012
Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business free from the graft that can hamper other endeavors. VOA Khmer's Men Kimseng interviewed Cham Prasidh in Washington last week, where the minister helped mark the 45th anniversary of the US-Asean Business Council.

Cambodia also has its Anti-Corruption Unit, which is enforcing a new anti-corruption law. So corruption, he said, “I believe in the near future, this thing is not going to be a problem anymore for US companies.”

That said, Cambodia landed in the bottom 20 countries on the annual Transparency International corruption index this week, along with Afghanistan, Burma, Laos and North Korea.

Meanwhile, Cambodia is looking more and more toward agriculture to drive its economic growth, hoping to boost the export of rice and other goods considerably.

Cambodia Sees Opportunity for US Investment in Agriculture (Part 2)i
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VOA Khmer
06 December 2012
Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business free from the graft that can hamper other endeavors. VOA Khmer's Men Kimseng interviewed Cham Prasidh in Washington last week, where the minister helped mark the 45th anniversary of the US-Asean Business Council.

As a part of Asean, it is looking toward more regional integration, Cham Prasidh said. “This is a very integrated region, where you would see a free flow of goods, a free flow of services, a free flow of skilled personnel, a free flow of investment, and a free flow of capital.”

But Cambodia also wants investment form the US, “our indispensable trading partner,” he said.
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Yearlong Political Deadlock Endsi
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22 July 2014
Cambodia’s political deadlock has ended. For nearly a year, the opposition Cambodia National Rescue Party has refused to join the government, calling for electoral reforms in a system it says was deeply flawed. Following nearly five hours of meetings between top opposition officials and Prime Minister Hun Sen, that deadlock has ended. The two sides finally reached agreement on a formula for selecting the National Election Committee, which the Rescue Party has said was biased toward the ruling Cambodian People’s Party. Hun Sen and Rescue Party President Sam Rainsy emerged from talks Tuesday smiling and shaking hands. “Victory,” Hun Sen told reporters after the meeting. “You can all applaud.” (Heng Reaksmey, Phnom Penh)

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