Cambodian PM urges Chinese to invest in agricultural processing plants
Cambodian Prime Minister Hun Sen on Monday urged Chinese companies to focus their investments in processing plants for agricultural products in order to help increase the country’s productivity for exports. The premier made the suggestion during a meeting with a visiting Chinese delegation led by Wang Junmin, deputy secretary of Shandong provincial Communist Party committee, at the Peace Palace, according to Eang Sophallet, personal spokesman for Hun Sen. “The market is indefinite in Cambodia because there are few buyers and processing plants,” Eang Sophallet quoted the premier as saying to Wang. “The premier asked the Chinese delegation to explore investment possibilities in processing plants in Cambodia in order to process agricultural products for exports to China since China has offered customs duty-free up to 95 percent of the tax line for Cambodia- made products,” he told reporters after the meeting. According to the Cambodian Ministry of Commerce, China has provided tax exemption for 418 items of Cambodian products; however, the country has not yet taken the maximum advantage of the offer due to the lack of resources and processing plants. …
Xinhuanet News
http://news.xinhuanet.com/english/china/2013-10/28/c_132836976.htm
