A DELEGATION of Japanese companies are in Phnom Penh exploring
opportunities in agriculture and tourism, though this month’s earthquake
has impacted potential investment to the Kingdom.
Some 85
representatives from 49 Japanese Small and Medium Enterprises are
touring the Kingdom, but more had been slated to come before the recent
disaster struck, according to Shusaku Nakamura, Chairman of the
International Investment Institute of Japan.
“Actually, there
could have been a total of 120 businesspeople here if we didn’t have the
earthquake – some have delayed their trips,” he said on the sidelines
of a conference yesterday. “It is their first time seeking opportunities
here [in Cambodia].
“They are from different sectors – food processing, agriculture, restaurants, and the construction industry.”
Speaking
at yesterday’s conference, Minister of Commerce Cham Prasidh said he
encouraged Japanese firms to invest in the Kingdom, highlighting the
duty-free status many Cambodian exports enjoyed abroad. Larger Japanese
firms often take years looking at markets before making investment
decisions, while investors from countries such as China were already
coming to Cambodia, he said. He said smaller Japanese firms – such as
the conference attendees - may have more flexibility to make decisions.
Source: Phnom Penh Post
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