Easier to invest in Cambodia

Chongqing and Phnom Penh will become sister cities, after which it will be more convenient for those Chongqing enterprises to invest in Cambodia. Cambodia is an important trading partner for Chongqing and it has become one of the major countries for the development strategy of “going global” in this city, with the China – ASEAN Free Trade Area in its full swing. In 2012, the total export-import volume between Chongqing and Cambodia amounted to 43.94 million USD, according to official from Foreign and Overseas Chinese Affairs Office of Chongqing Municipal People’s Government. … Cambodia is known to be rich in resources and is teeming with such precious tropical timber as teakwood, ironwood and rosewood. Also, it has gold, diamonds, aluminum, coal and iron as well as other mineral deposits. In addition, it has always maintained sound diplomatic relationship with China. Industries in Phnom Penh have been mainly engaged in textile, shipbuilding, automobile repair, rice milling and wood processing. …

Daily Economic News Staff
http://www.dailyeconomic.com/2013/Asia-Pacific_0927/1928.html