The Royal Government of Cambodia identifies the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain.

H.E. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Economic and Financial Policy Committee, chaired a meeting on the preparation of a roadmap for the development and attraction of automotive and electronic investment.

The meeting, held virtually on April 19, was attended by inter-ministerial working groups and development partners.

Two documents have been prepared outlining the government’s long-term vision, in particular the initiatives for the development of the automotive and electronics sectors.

The first one is the “Roadmap for the Development and Attraction of Automotive Investment”, aiming to develop and to link the Cambodian automotive sector to regional and global value chains, and in particular to transform Cambodia into an automotive component production hub as well as to promote the production of more complex and value-added automotive components.

The second is the “Roadmap for the Development and Attraction of Investment in the Electronics Sector” aiming at transforming Cambodia into a highly integrated electronics manufacturing centre that manufactures a wide range of electronic components, semi-finished components and finished products to serve the regional and global export markets.

H.E. Aun Pornmoniroth requested relevant ministries and institutions to continue to cooperate with development partners and to revise the draft roadmap in accordance with the spirit of the meeting before submitting it for approval from the government.

Source: Agency Kampuchea Press

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