Investor Decries Export Tax on Cambodian Seafood
A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish processing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a $400 million skyscraper in central Phnom Penh. In a press briefing on Tuesday, the group’s chairman, Jonathan Choi, said that a levy of 10 percent on exporting seafood had prevented the company from growing its operation here, and was a major factor in Cambodia’s seafood industry’s small size. …
