US, Cambodia Agree to Explore Investment Pact

U.S. Trade Representative Ron Kirk announced Friday that the U.S. and Cambodia have agreed to explore the creation of a bilateral investment treaty that would regulate the rules of foreign direct investment between the two countries, the U.S. Embassy said in a statement. According to the Embassy, such a treaty could protect investors from any expropriation or foul play resulting from a lack of protection mechanisms, such as binding arbitration. … The announcemnt came following a meeting between Mr. Kirk and Minister of Commerce Cham Prasidh on the sidelines of the 44th Asean Economic Ministers Meeting in Siem Reap City of Friday.