Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, has congratulated the handover of chairmanship of the ASEAN Business and Investment Summit from Brunei to Cambodia, and highly appreciated the achievements made under the chairmanship of Brunei in 2021.

The Cambodian Premier expressed his congratulations in his remarks via Video Recording at the Closing Ceremony of the ASEAN Business and Investment Summit 2021 held on Oct. 25 under the theme “Building Our Sustainable Digital Future”.

As Chair of ASEAN in 2022, he said, Cambodia is committed to providing full support and facilitation for the ASEAN Business and Investment Summit to attain more achievements. At the same time, Cambodia will continue to enhance the building process of ASEAN Economic Community, trade and investment, and cooperation between ASEAN and its partners in order to restore growth and transform ASEAN into a region of peace, resilience and development.

The Covid-19 pandemic has not only impacted public health and endangered the lives of our people, but also disrupted the development of ASEAN as a whole, he continued, adding that however, the global economy is expected to gradually recover in 2021 and 2022, supported by the steady increase of trade in commodities while trade in services is also slowly growing.

”In general, this clearly shows the effectiveness of the implementation of measures to fight against Covid-19, as well as policies laid out to revive socio-economic activities; particularly the global Covid-19 vaccination campaign, which is the key to restore trust of private sector toward the resumption of economic activities and reopening of the countries,” he said.

For Cambodia, Samdech Techo Hun Sen pointed out, with proactive spirit to promote the participation of private sector in reviving and promoting national economic growth, the Royal Government of Cambodia adheres to the approach of turning the crisis into the opportunity through launching and implementing key policies and measures, including: Cambodia Digital Economy and Social Policy Framework 2021-2035, New Investment Law as well as the conclusion of the “Law on Public-Private Partnership”, “Cambodia China Free Trade Agreement” and “Cambodia-Korea Free Trade Agreement”, which are planned to enter into force soon.

More importantly, the Prime Minister underlined, on containment of the spread of Covid-19, along with strengthening the implementation of education, administrative and health measures to protect health and lives of people, as of Oct. 21, 2021, the Royal Government of Cambodia has vaccinated 13.6 million people, equivalent to 85.27% of the total population of 16 million. On this basis, the Royal Government of Cambodia has been intensifying the resumption of socio-economic activities toward full operation in the context of the new normal, and also planning to launch the “Strategy for Recovery and Promoting Economic Growth through Learning to Live with Covid-19 in the New Normal” at the end of 2021.

Source: Agency Kampuchea Press

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