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Logo of Phnom Penh Post newspaper Phnom Penh Post - Singapore Trade Mission

Singapore Trade Mission

A delegation of

Singaporean private sector executives visited Cambodia from May 4-7 to explore

trade and investment opportunities.

The 23-member delegation, whose

visit follows Cambodia's April 30 entry into ASEAN, was led by the Singapore

Trade Development Board (TDB) and the Singapore Confederation of Industries

(SCI) and represented business interests in areas such as telecommunications,

industrial machinery, architecturial services and import and export

trading.

During the delgation's stay in Cambodia they met with Minister

of Commerce Cham Prasidh, Siem Reap Governor Chap Nalivuth and Director-General

of the Cambodian Investment Board Soun Sothy.

The SCI also signed a

memorandum of Understanding with the Cambodian Chamber of Commerce and Industry

to enhance co-operation in facilitating business delegations as well as to

encourage information exchange.

According to the TDB, Singapore's

bilateral trade with Cambodia in 1998 amounted to S$595 million. Two-way trade

for the first three months of this year amounted to S$162 million, an increase

of nearly 25 percent compared to the same period last year.

The TDB says

that Singapore is the fourth largest investor in Cambodia after Malaysia, the US

and Taiwan, with total investments in Cambodia valued at US$200 million. These

include investments in property development, hotels, duty-free retailing,

restaurants, consumer electronics, paint and garments.

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