Doing Business in Cambodia

The aims of the subject “Foreign Trade and Business in the Kingdom of Cambodia” are the following:

1. To analyze the Cambodian Economy and Global Trade;
2. To know the business opportunities in Cambodia;
3. To explore the Cambodian trade relations with the country of the student;
4. To know the Cambodian Trade Agreements;
5. To examine the profile of Cambodian businesspeople and companies;
6. To develop a business plan for the Cambodian Market.

The Subject “Foreign Trade and Business in Cambodia” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: World Trade.

Masters: International Business, Foreign Trade.

Languages: ( Camboya Cambodge).

1. Credits of the subject “Foreign Trade and Business in Cambodia”: 1 ;
2. Duration: one week.

1. Nanning-Singapore Corridor
   1. Pan-Beibu Gulf Economic Zone.
2. Access to the East-West Corridor (Myanmar-Vietnam).

Cambodian Free Trade Agreements and Market Access:

1. Cambodia and the Buddhist Economic Area;
2. ASEAN
   1. ASEAN Free-Trade Area;
   2. ASEAN Economic Community;
   3. ACMECS;
   4. Mekong River Commission (MRC);
   5. Cambodia has trade agreements (as a member of the ASEAN) with China, India, the EU, Japan, Korea, Russia, and the U.S.;
   6. ASEAN (Cambodia)-Australia-New Zealand (Free-Trade Area).
3. GSP;
4. Regional Comprehensive Economic Association;
5. Greater Mekong Subregion;
6. SCO (Dialogue Partner).

1. WTO
   1. GATS;
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. BIC;
3. Chicago Convention (ICAO);
4. IMO
5. WCO
   1. Kyoto Convention.

1. Asian Development Bank;
2. Colombo Plan;
3. Boao Forum for Asia;
4. Asia Cooperation Dialogue;
5. ESCAP;
6. Africa-Asia Strategic Partnership;
7. Asia-Middle East Dialogue;
8. FEALAC.

Global Organizations. Cambodia is a member of:

1. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
2. WB;
3. WTO;
4. IMF.

The Kingdom of Cambodia is situated in South-east Asia, sharing borders with Thailand, Laos, and Vietnam.

1. 90% of the Cambodian population is Khmer;
2. The capital, Phnom Penh (2 million people) is the economic and political centre of Cambodia;
3. Type of Government: Unitary Parliamentary constitutional monarchy;
4. Monarch of Cambodia: Norodom Sihamoni;
5. Cambodian Independence: 1953 (from France);
6. Cambodian Area: 181,035 km²;
7. Cambodian population: 15.5 million people;
8. Official language of Cambodia: Khmer. French is also spoken.

Theravada Buddhism is the religion of 95% of the population (38 million).

Cambodia belongs to the Buddhist Civilization

Cambodian Economy.

1. Cambodia is a member of the ASEAN since 1998;
2. Cambodia has accomplished a high economic growth (average of 9.4% annually);
3. The Manufacturing production is focused on the garment sector, these products dominate the Cambodian exports, especially to the U.S.;
4. The Cambodian service sector is strongly concentrated in the commerce activities and catering-related services;
5. The Royal Government of Cambodia has approved twenty-one Special Economic Zones situated along the border with Thailand and Vietnam (Koh Kong, Poipet, Savet, and Phnom Den), at Sihanoukville and Phnom Penh;
6. Companies within the Special Economic Zones benefit from some fiscal incentives (revenue tax, customs, VAT benefits...);
7. Received economic aid: 989 million dollars in grants or concessional loans;
8. Cambodian currency: Riel (KHR).

1. Total value of import augmented by 21% (from 1.990 to 2,409 billion riels), compared to the same last year;
2. Total value of Cambodian export amount 1.045 million dollars, an augmented by 30.04% (from 804 million dollars, compared to same period last year) (Source: Customs and Excise Department);
3. Top Cambodian exports products are garments, shoes, cigarettes, natural rubber, rice, pepper, wood, and fish;
4. Largest export markets of Cambodia are the U.S., Germany, the UK, Singapore, Japan, and Vietnam;
5. Top Cambodian imports are fuels, cigarettes, vehicles, consumer products, and machinery;
6. Top Cambodian import partners are Thailand, Singapore, China, Hong Kong, Vietnam, Taiwan, and the U.S.;
7. The Sihanoukville Autonomous Port is the only international seaport of the Kingdom of Cambodia.

Foreign direct investment in Cambodia.

1. The Kingdom of Cambodia has opened its economy to Foreign direct investment (FDI) in all the sectors of the economy (banking, insurance, or telecommunications);
2. Foreign investors in Cambodia are allowed to control 100% of the shareholding, without the local participation requisite;
3. The largest foreign direct investment sources comes from Korea, China, Russia, Thailand, the U.S., and Vietnam.

(c) EENI Global Business School (1995-2023)
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