Cambodia, Japan trade up

11 November 2014
The Phnom Penh Post
Economy and commerce / Foreign investors / Government / Investment / Ministries and other national bodies / Ministry of Commerce / Trade
Japan External Trade Organization / Japanese aid / JETRO / Ministry of Commerce

Cambodia is quickly becoming a hub for Japanese exports, according to the latest figures from the Japan External Trade Agency, JETRO. The state-run agency’s latest trade figures show Cambodia exported more than $584 million worth of locally made products to Japan over the first nine months of the year. The result represents a 35 per cent increase compared to the same period in 2013 – the largest year-on-year increase of all ASEAN nations. … Cambodia’s 100 per cent foreign ownership laws and cheap labour have proven to be lucrative drawcards for Japanese manufacturing firms. Today, in addition to garment factories, auto-parts makers Minebea and Yazaki Corporation and electrical products maker Sumi have all set up manufacturing operations in Cambodia, which then ship back to Japan. …

 Hor Kimsay
http://phnompenhpost.com/business/cambodia-japan-trade