Illustrative image (Photo: Khmer Times) Hanoi (VNA) – Cambodian PrimeMinister Samdech Techo Hun Sen has shared hispride over the growing bilateral trade between Cambodia and the US despite theCOVID-19 pandemic, saying that two-way trade saw an annual hike of 17 percentin the first eight months of this year.
In a videoconference onSeptember 21 with the US-ASEAN Business Council (USABC) led by its Presidentand CEO Alexander Feldman, Hun Sen informed the USABC delegation that althoughthe COVID-19 epidemic has been causing many difficulties to the functioning ofsocial and economic life, the Government of Cambodia has not slowed down itsreform in all fields.
In order to attract more investors, especiallywhen the COVID-19 situation eased, Cambodia is preparing to improve theinvestment law and new incentive system that is comprehensive and attractivefor the electronics industry, farm produce processing, supporting industries, and so on,he stressed.
At the same time, he continued, Cambodia willsign the Cambodia-China Free Trade Agreement soon, hoping that this will playan important role in making Cambodia a destination for US companies looking fornew production locations in Southeast Asia.
Over thepast nine months, the world has been fighting against COVID-19, which hascaused an unprecedented social and economic crisis, but for Cambodia, the Governmenthas effectively managed the situation.
The country has so far not seen any community infection, and had no national shutdown even thoughthe pandemic has created acute challenges, especially to the textile,tourism, aviation and service sectors, he said./.
