Cambodia and Togo Explore Opportunities for Industrial and Trade Cooperation
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H.E. Hem Vanndy, Minister of Industry, Science, Technology & Innovation, welcomed a delegation from the Togolese Republic, led by H.E. Prof. Komlan Edo Robert DUSSEY, Minister of Foreign Affairs, Regional Integration and Togolese Abroad, to discuss strengthening bilateral relations and enhancing industrial collaboration.
During the meeting, H.E. Prof. DUSSEY commended Cambodia’s industrial growth and trade performance, particularly its success in exports to the U.S., which he described as a model for Togo. “Our visit would not be complete without this courtesy call to MISTI. We aim to understand Cambodia’s success in attracting investment and boosting exports,” he stated.
Minister Vanndy highlighted Cambodia’s industrial progress, crediting it to the peace and stability achieved through the Win-Win Policy in 1998, which opened the nation to global trade after years of isolation and economic sanctions. He noted that Cambodia’s initial development phases focused on building essential infrastructure such as roads, bridges, and power grids to facilitate trade and create a business-friendly environment.
He also outlined Cambodia’s liberal investment regime, which allows 100% foreign ownership, repatriation of capital gains, tax incentives, and strong public-private partnerships, including a parallel financing model for skills training.
The two ministers discussed Cambodia’s approach to industrial relations, including its minimum wage mechanism and the ILO-initiated Better Factories project, which have contributed to improved labor conditions and strengthened investor confidence.
H.E. Prof. DUSSEY acknowledged Cambodia’s achievements, noting that the ILO Secretary-General, a Togolese national, has spoken highly of Cambodia’s industrial relations.
The Togolese delegation presented Togo’s Free Zone Roadmap, which outlines key industries such as automotive, agro-processing, and textiles. The roadmap highlights the role of seaports and dry ports in facilitating trade. The delegation proposed further cooperation with Cambodia through a formal agreement.
Minister Vanndy welcomed the proposal, expressing Cambodia’s interest in enhancing bilateral cooperation, particularly in industrial development and investment promotion. He also noted that Cambodia will host the Francophonie Summit in Siem Reap next year, providing another platform to deepen engagement between the two nations.
