Council for the Development of Cambodia (CDC) in cooperation with Ministry of Economy, Trade and Industry (METI) of Japan held an annual seminar on economic development in Cambodia. The one-day event took place on 25 October 2012 at Sofitel Phnom Penh Phokeethra.
Participating in the seminar were management and officials from CDC, Japanese embassy to Cambodia and representatives of Japanese companies in Cambodia as well as a mission team, including Japanese companies and media from Japan, led by ASEAN-Japan Centre. Presiding over this seminar were H.E SOK Chenda Sophea, Minister attached to the Prime Minister and CDC Secretary General, H.E KUROKI Masafumi, Japanese ambassador to Cambodia and Mr. A. Hatano, Deputy Director General of the Ministry of Economy, Trade and Industry of Japan.
This year’s seminar was the third one with the theme: “Core Nodal Development in the Southern Economic Corridor” aiming at providing the platform for the public-private sector consultation on how to make and create a conducive investment environment to attract more Japanese investment.
In his opening remark, H.E SOK Chenda Sophea thanked the Japanese counterpart, especially Japanese Embassy to Cambodia and METI for the concerted efforts in promoting Cambodian investment among the Japanese companies and their relentless support within the past years. He also stressed that the further Japanese cooperation was indispensable.
H.E Mr. Kuroki hailed the current trend of Japanese FDI into Cambodia, while hoping that more Japanese companies would arrive Cambodia in the near future. Together with this, he suggested Cambodia should be ready to accommodate those Japanese FDIs who had high demand from the hosting country. Mr. Hatano expressed in his speech that METI would still provide further cooperation to CDC to attract more Japanese FDIs.
Contributing to the seminar were the presentations from the managements and officials from various Cambodian governmental institutions, such as Supreme National Economic Council (SNEC), Ministry of Industry, Mine and Energy (MIME), Ministry of Agriculture, Forestry and Fisheries, National Employment Agency (NEA) and Phnom Penh Autonomous Port .
Among other issues, skilled labor forces and low-cost and sufficient electricity supplies as part of the future industrial policy and the Government policies related to investment were brought to discussion.