Cambodia has 2,073 garment factories, and the value of foreign direct investment is anticipated to reach US $3.036 billion this year. The Cambodian economy is expected to grow 6 percent this year over 8.5 percent last year.
Cambodian Commerce Minister Cham Prasidh approached Thai companies to set up labour-intensive investments to produce garment, household products and agricultural goods. Under the Generalised System of Preferences (GSP), selected Cambodian goods enjoy low import duties when sold to developed nations.
Phairush, Deputy Secretary-General of the Thai Chamber of Commerce along with 100 leading Thai businessmen, attended a Cambodian road show intended to encourage investments in nine economic zones, including Poipet, Koh Kong, Kampot, Stoeng Hav and Sihanoukville.
Regardless of excellent investment incentives and sound economic growth in Cambodia this year, Thai business people are reluctant to invest because of the neighbouring country's unbalanced political situation.
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