Cambodia and Japan have convened the 22nd meeting of a joint committee to further boost investment in Cambodia.

The meeting took place early this week via videoconference under the chairmanship of H.E. Sok Chenda Sophea, Minister Attached to the Prime Minister and Secretary General of the Council for the Development of Cambodia, and H.E. MIKAMI Masahiro, Ambassador of Japan to Cambodia.

Some 130 representatives from concerned ministries and institutions, the Japan International Cooperation Agency (JICA), the Japan External Trade Organisation (JETRO), the Japanese Business Association of Cambodia (JBAC), and from Japanese firms in Cambodia joined the virtual meeting.

The meeting touched mainly on a minimum wage and seniority payment, tax obligation, logistics, electricity supply and price, vehicle import, human resources development cooperation and workshop to promote supply chain database understanding.

H.E. Sok Chenda Sophea spoke highly of Japan’s investment in Cambodia in all sectors, especially in the field of non-textile manufacturing, adding that this investment reflects the confidence from the Japanese investors in the country.

The minister was positive that ANA airline will resume its direct flights between Cambodia and Japan shortly, which will contribute essentially to increasing trade volume and investment between the two countries.

H.E. MIKAMI Masahiro appreciated Cambodia’s effort in preventing the spread of COVID-19, and facilitating good investment environment for foreign investors, particularly those from Japan.

In the meeting, the Japanese investors also pledged to increase investment in Cambodia in order to help restore the country’s economy when COVID-19 eases.

Source: Agence Kampuchea Press

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