Investment law change-up

Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC).

Speaking to reporters at a workshop at the Raffles Hotel Le Royal in Phnom Penh yesterday, Sok Chenda said Cambodia’s investment climate needed a revamp. …

In October the government set a 60-day deadline for the customs department to clean up corruption, while earlier this week the minister of commerce announced reforms that would reduce red tape for exporters in Cambodia.

A panel discussion including private sector representatives also voiced their reform priorities at yesterday’s workshop. …

Hor Kimsay
http://www.phnompenhpost.com/business/investment-law-change