CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment

• 8 August 2024
• Local News
• 619 Views

Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President of the CDC, and Mr Tassilo Brinzer, President of EUROCHAM, both parties discussed key initiatives to facilitate investment, including enhancing flexibility in digital processes, reducing procedural timelines, and promoting sustainable, environmentally friendly investment.

HE Sun Chanthol expressed his gratitude towards EUROCHAM members for their continued investment efforts in Cambodia and reaffirmed the CDC’s commitment to collaborating with relevant government ministries and institutions to address investor challenges swiftly.

He also emphasised the government’s focus on enhancing private-sector cooperation through platforms like the Royal Government-Private Sector Forum and the Cambodia-Japan Joint Committee Meeting.

The CDC’s proactive approach is further highlighted by the approval of 234 new projects from January to July 2024, representing a total investment of US$3.5 billion and expected to generate around 19 million jobs.(Read more and more)

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