Commerce minister vows ‘meaningful’ reforms to US investors
Cambodian Commerce Minister Sun Chanthol concluded a trade mission in the United States this week, emphasizing his government’s willingness to make “deep” reforms to improve its investment climate. … Cambodia meanwhile needs more foreign investment to create jobs for the 300,000 young Cambodians who enter the job market every year and to help ready itself for the Asean economic integration at the end of 2015. Alex Feldman, president and CEO of the US-Asean Business Council, who attended the talk Monday, told VOA Khmer that investment interest in Cambodia has steadily grown. But he said investors need more evidence of reform. … Sun Chanthol, who has headed the Commerce Ministry since September last year, says he has encouraged a more merit-based system of staff promotion and pushed the automation of business certificates in an effort to cut down on “informal” costs, a euphemism for bribery. …
Sophat Soeung
http://www.voacambodia.com/content/commerce-minister-vows-meaningful-reforms-to-us-investors/1944607.html
