Trade volume between the two increased more than 120 percent in the first quarter of the year compared to the same period last year.
More than 70 percent of the 10,000 people living in this commune, Koh Chi Verng, are fishermen.
Strauss-Kahn also advised increasing trade within Asian countries, so as not to rely on the West for consumers.
The IMF predicts Asia will become the largest economic region in the world over the next two decades.
The exchange is also wrestling with which currency to use—dollar or riel.
Experts say the country must now find ways to compete in a different global economy.
The total amount of deposits in Cambodia’s 28 banking institutions recorded a jump in the first part of the year.
Dollarization attracts foreign investment, stabilizes the exchange rate and prevents devaluation of the riel.
Supporters say the investment agreements will increase free trade, transparency and competition and provide protections for investors.
Cambodia’s total tax revenue for 2009 was $1 billion, a low figure compared to other countries.
The center, due to be established this year, will resolve such disputes within crossing the current court system.
The World Economic Forum’s 2010 trade index report found that Cambodia slipped to No. 102 of 126 countries, down nine places from 2009.