RCEP, FTAs key to attracting FDI to Cambodia in 2024: official
PHNOM PENH, Jan. 13 (Xinhua) -- The Regional Comprehensive Economic Partnership (RCEP) and its bilateral free trade agreements (FTAs) with China, South Korea, and the United Arab Emirates are key factors to attracting foreign direct investment to the kingdom, a Cambodia official has said.
"These regional and bilateral FTAs are magnets for foreign investors to Cambodia," Ministry of Commerce's Secretary of State and Spokesperson Penn Sovicheat told Xinhua. "New investment will bring new capital, technologies and employment opportunities for our people."
According to a report from the Council for the Development of Cambodia (CDC) released on Monday, the country's foreign investments last year came from China, Vietnam, Singapore, the Cayman Islands, Malaysia, Japan, the United States, Thailand, Samoa, India, South Korea, Canada, Seychelles, the United Kingdom, Myanmar, Australia, Senegal, Russia and the Netherlands.
A total of 414 investment projects were approved last year, focusing mainly on agriculture and agro-industry sectors, infrastructure, manufacturing, and tourism, the report said, adding that those projects were expected to generate nearly 320,000 jobs.
Photos
- Shopping for Spring Festival goods brings festive cheer to E China's Jiangsu
- Snow scenery of Shanwangping Karst national ecological park in Chongqing
- Anxi in SE China's Fujian develops rattan iron crafts into industrial chain worth over 10 bln yuan
- Scenery of snow-covered tea plantations in Zunyi, China's Guizhou
Related Stories
- RCEP, bilateral FTAs drive Cambodia's trade growth in 2024
- China hails trade, investment achievements of RCEP at three-year mark
- China to continue quality implementation of RCEP three years on: spokesperson
- RCEP showcases success of open world economy
- Cambodia's exports to RCEP members up 14.4 pct in first 11 months of 2024
Copyright © 2025 People's Daily Online. All Rights Reserved.