The Ministry of Commerce finalised a sub-decree on Friday to allow the Cambodia Chamber of Commerce (CCC) to set up representative offices overseas and help promote trade and investment in the Kingdom. The sub-decree is expected to be approved by Prime Minister Hun Sen by the end of the year.
The first branches are likely to be established in countries that have the largest Cambodian expatriate populations, according to CCC vice president Hann Khieng.
“Right now, investors can only contact our embassies abroad, and those only exist at one location in each country and have limited resources and knowledge… about business in Cambodia,” said Khieng. “The Chamber of Commerce’s people are more knowledgeable and can provide comprehensive investment and commercial information to investors.”
Tan Monivann, another vice president of the chamber as well as vice president of local agro-industrial conglomerate Mong Reththy Group, said the association would also soon allow any businesspeople living abroad to become members.
“We are currently facing difficulties when exporting goods to overseas markets because we lack commercial relationships overseas,” he said. “We need representatives overseas.”
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