The Japanese Business Association has brought a team of 30 delegates to Cambodia to explore potential investment and trade opportunities in the country. Meeting with Prime Minister Hun Sen, the association emphasized that the stability of the Kingdom makes it a conducive economic environment in which investment can flourish.
The countries have a history of doing business with each other, as evidenced by trade between the two reaching $255m in 2009. Now, both sides are keen to promote more private investment from Japan.
Experts have highlighted the country’s growing petroleum exploration and extraction industry as a logical sector to attract Japanese input, especially as Japanese firms recently linked with US petroleum heavyweight Chevron, which maintains a presence in the country.