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Strengthening Economic Ties: Cambodia Seeks Further French Investment and Trade Partnerships

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In an effort to foster deeper economic collaborations between Cambodia and France, Cambodian Prime Minister Hun Manet highlighted the ongoing success and potential for future growth in trade and investment between the two nations. During the opening of the 2nd Cambodia-France Business Forum at Sofitel Phnom Penh Phokeethra on July 8, the Premier expressed his gratitude towards French investors for their strategic decisions to invest in Cambodia, directly or through partnerships with local entities.

The forum, a collaborative effort between the Cambodian Chamber of Commerce (CCC) and the French Chamber of Commerce and Industry in Cambodia (CCIFC), not only serves as a platform for reinforcing the economic bond between Cambodia and France but also as a conduit for exploring new investment possibilities. Building on the momentum of the first Cambodia-France Business Forum held in Paris in January 2024, the event in Phnom Penh aims to unlock further opportunities for French businesses in Cambodia, which remains one of Cambodia’s largest trade and investment partners among European countries.

Reflecting on the thriving bilateral relations, Hun Manet noted the significant trade volume achieved between the two countries, with a reach of USD 206.41 million in just the first five months of 2024. With the presence of major French companies such as Vinci, Total Energies, and Accor in Cambodia, there has been a notable contribution to job creation, skills transfer, and the country’s infrastructure development. This fosters a sustainable economic growth that benefits both nations.

Additionally, Hun Manet announced Cambodia’s ambition to host the 20th Francophonie Summit in 2026 in Siem Reap, echoing the country’s strong cultural ties and commitment to the Francophonie values. This announcement, made during the same event, has garnered support from various quarters, including French President Emmanuel Macron, and is seen as a step towards enhancing the private sector’s role in fostering economic growth.

These developments come at a time when Cambodia aims to solidify its position on the global stage, not only as a promising investment destination but also as a country rich in cultural heritage and committed to international collaboration. With the ongoing support from France and other international partners, Cambodia looks forward to achieving new milestones in economic growth and cultural exchange in the years to come.

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