Cambodia has great potential for FDI

9 January 2013
The Phnom Penh Post
Economy and commerce / Exports / Foreign investors / Imports / Industries / Investment / Tourism / Trade
Agriculture & Agri-business / Bill Clinton / Blue Star Strategies / construction / Council for the Development of Cambodia / Council of Ministers / Deputy Prime Minister Sok An / Electricity / FDI / foreign direct investment / foreign investment / Garment Industry / Global Fairness Initiative / hydro-electric projects / Karen Tramontano / macroeconomic stability / Phnom Penh / political stability / Tourism / US / US Department of Commerce

An assistant to former US president Bill Clinton said Cambodia has many potential areas for foreign direct investment (FDI) from many countries, including the US. Karen Tramontano, founder, along with Clinton, and president of the Global Fairness Initiative and CEO at Blue Star Strategies, met with Deputy Prime Minister Sok An in Phnom Penh yesterday. “Cambodia has much potential in the garment industry, agriculture, tourism, construction and others, attracting a lot of foreign direct investment.” … Cambodia’s total exports to the US increased by 0.2 per cent over the first 10 months of 2012. They totalled $2.296 billion compared to $2.291 billion in the same period of 2011, according to data from the US Department of Commerce. Data from the Council for the Development of Cambodia showed Cambodia received $8.6 million in foreign direct investment from the US over the first seven months of 2012.

http://www.phnompenhpost.com/2013010960687/Business/cambodia-has-great-potential-for-fdi.html