I take great pleasure in introducing you to Phnom Penh SEZ (PPSEZ), which has been designed to occupy a strategic place in Cambodia's fast growing economy. Conveniently located near the capital Phnom Penh and only 10 minutes from Phnom Penh International Airport, it is going to be the most convenient place for you to capitalize on the many opportunities in Cambodia.
With a small but fast growing domestic market of over 14 m people, the Kingdom of Cambodia has emerged as one of the safest places and most attractive economies in the region. An average GDP growth of 8% in the last 10 years has exceeded all expectations, and through its membership in ASEAN (since 1999) and in the World Trade Organization (since 2004), the country has made tremendous progress in integrating its emerging economy into the regional and global trading system.
Most of Cambodia's export products enjoy duty-free and quota-free (DFQF) treatment by the European Union, Canada, Australia, New Zealand and Norway. Cambodia also enjoys DFQF for more than 8,000 tariff lines in the USA and Japan.
The Republic of Korea and China have extended similar treatment for many products from Cambodia, while ASEAN's 6 founding members provide duty-free access for Cambodian products under the ASEAN Integration System of Preferences (AISP).
Producing in Cambodia for export to the above markets is an economic and fast way for you to propel your company's products to the world market - with unmatched financial advantages for your business.
The Council for the Development of Cambodia (CDC), chaired by H.E. Samdech Hun Sen, Prime Minister of the Royal Government of Cambodia, has 2 arms to deal with private investments:
- The Cambodia Investment Board (CIB) with 24 provincial/municipal investment sub-committees responsible for investments in Cambodia, and
- the SEZ committee, chaired by the Prime Minister, responsible for addressing investments in the Special Economic Zones (SEZ).
On top of this structure we value investor's feedback, and their input is addressed in a government-private sector forum held every 6 months under the chairmanship of the Prime Minister, with deep interaction of key members of the Royal Government with representatives of the private sector.
With a highly receptive Government, political stability, macro-economic stability, a sound, transparent and predictable legal framework and with a wide array of trade preferences offered to you in Cambodia - why not invest now? Phnom Penh Special Economic Zone is certainly a prime investment location for you to explore.
I look forward to welcoming you to Cambodia!