Investment treaty with US discussed
The United States and Cambodia have agreed to begin discussions on a bilateral investment treaty (BIT) in a bid to spur trade and investment between the two countries, officials said on Friday following the end of the ASEAN-US Business Summit in Siem Reap. “A bilateral investment treaty between the United States and Cambodia would encourage investment by improving investment climates, promoting market-based economic reforms, and strengthening the rule of law,” said United States Trade Representative Ron Kirk . “Our decision to explore this possibility highlights progress made by Cambodia in fostering a policy environment that treats private investment in an open, transparent, and non-discriminatory way.” … Cham Prasidh during the summit acknowledged that the United States is Cambodia’s main trading partner, saying that the Kingdom would unequivocally be seeking more investment and trade with the US. …
