The Cambodian Kingdom stands to gain much from its first steps towards greater integration into the region and international community. Driven by a vibrant society and a strong undercurrent of economic potential, GDP and FDI growth rates are predicted to remain among some of the highest in the world over the next few years.
Discussions at the 2012 ASEAN Summit hosted in Phnom Penh highlighted the potential for unleashing new economic gains as Cambodia and other member states of the Association of Southeast Asian Nations begin unifying as a single-market ASEAN Economic Community in 2015. The move is expected to accelerate an already rapid influx of recent FDI (up 44% in 2012 to US$1.3b) by enhancing the market’s investment climate with the removal of tariffs, improvements in regional transportation links and the creation of Free Trade Areas.
Courtesy Reciprocus International Pte Ltd http://www.reciprocus.com
For those who are interested in this market click on the link: ASEAN Investment Flash – Cambodia – July 2013
