US Fortune 500 Firms Wrap Up Cambodia Visit

A US-Asean Business Council delegation representing 11 fortune 500 companies concluded a two-day visit to Phnom Penh on Saturday, the council said in a statement. With Cambodia scheduled to take the chairmanship of Asean next year, members from US companies such as Chevron, GE, Abbot, Cisco, Dell, Federal Express, Johnson & Johnson and MasterCard Worldwide jointly met with government officials to discuss possible ventures in Cambodia, the council said. According to data provided in the statement, bilateral trade between the US and Cambodia stood at around $1 billion for the first half of 2011, with $142 million of that coming from US investment.