Logo of Phnom Penh Post newspaper Phnom Penh Post - Hun Sen explores potential investors at Brussels meet

Hun Sen explores potential investors at Brussels meet

Content image - Phnom Penh Post
Prime Minister Hun Sen looks on as he arrives on Thursday for the 12th Asia-Europe Meeting (ASEM) at the European Council in Brussels. EMMANUEL DUNAND/afp

Hun Sen explores potential investors at Brussels meet

Prime Minister Hun Sen who is in Brussels with a delegation to attend the 12th Asia-Europe Meeting from October 18 to 19, is set to have separate bilateral meetings with leaders such as Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev.

Council of Ministers spokesman Phay Siphan said Hun Sen was mostly welcomed by the Cambodian community abroad and congratulated on his presence at the international meeting, adding details will be released afterwards.

Political analyst Hang Vitou said any expected protest from the Cambodian diaspora would have no consequence on the government’s visit to Europe.

“In the world stage, not only the Cambodian leader but almost all leaders have faced protests with some people disapproving of them [when they] visit somewhere. Even [US President] Donald Trump and Chinese leaders have faced protests when they visited some countries,” said Vitou.

He said the bilateral meeting with Keqiang might be a closed-door affair to discuss some issues where Cambodia is seeking China’s assistance.

“As you know, at the moment Cambodia needs China to help with the internal political, economic and diplomatic issues because the government seems to have issues with the liberal world."

“Therefore, Cambodia, like it or not, has to further strengthen its relations with China at this bilateral meeting,” Vitou said.

Hun Sen met with a representative of the Asean-EU Business Council, Martin Hayes, who is chairman of Bosch in Southeast Asia.

The prime minister said some countries in the EU had threatened Cambodia and Myanmar with the removal of the Everything But Arms (EBA) scheme.

He said that the EU has helped Cambodia a lot, wanting to see the Kingdom prosper.

Content image - Phnom Penh Post
Chinese Premier Li Keqiang gives a jointpress conference with Belgian Prime Minister after their meeting during Keqiang’s visit to Brussels, on Wednesday. afp

But any EU withdrawal of the EBA would imply that it has abandoned what it had worked so hard for.

Hayes informed Hun Sen that the Asean-EU Business Council plans to lead companies on a visit to Cambodia next year to bring more European investment to the Kingdom.

The EU Business Council, he said, has confidence in Cambodia and is willing to invest for the long-term.

The Asean-EU Business Council, with 400 European companies, said recently that if the Everything But Arms (EBA) preferential trade agreement is withdrawn from Cambodia, it would affect the EU’s companies.

Hence, EU-Asean business representatives will meet directly with the European Council on the question of the EBA as it will be affected and lose the benefits enjoyed by many European companies that are investing in the Kingdom.

Hun Sen reaffirmed that although the Cambodian Investment and Trade Law has been revised, it won’t affect the investments of those companies in Cambodia, but only improves on their long-term investment in Cambodia.

Hun Sen also welcomed the good cooperation between the business councils of Europe and Cambodia and embraced their plans to visit the Kingdom.

He proposed further discussions with the Cambodian Ministry of Public Work and Transport.

The prime minister reciprocated by inviting the Asean-EU Business Council to attend the 2020 Asia Europe Summit which Cambodia is hosting.

MOST VIEWED

  • Cambodia armed with money laundering laws

    Money laundering will now carry a penalty of up to five years in prison while those convicted of financing terrorists will be jailed for up to 20 years, according to new laws promulgated by King Norodom Sihamoni and seen by The Post on Thursday. Comprising nine

  • Schools to be reopened in ‘three stages’

    With guidance from Prime Minister Hun Sen, the Ministry of Education, Youth and Sport, is in the process of reopening schools in three stages. But no timeline has been set, ministry spokesperson Ros Soveacha said on Thursday. Soveacha said the first stage will be to

  • Thai border crossings eased

    The Cambodian Embassy in Thailand said in an announcement on Wednesday that Thailand’s government has allowed certain passengers from several countries to enter its borders. The visitors must go back to their country immediately after their duties in Thailand are fulfilled, the embassy said.

  • Gov’t says tourism recovers slightly despite pandemic

    The Ministry of Tourism and the Phnom Penh municipal administration have recognised 33 tourism businesses in the capital which have consistently implemented safety measures for tourists and adhered to the code of conduct issued by the ministry. Recently, the ministry announced that tourism businesses had to

  • Mull ASEAN border opening, PM urges

    Prime Minister Hun Sen has requested that ASEAN launch a scenario for gradually reopening cross-border travel and trade between countries in the region. He said ASEAN has had more success combating Covid-19 compared to other regions. The prime minister’s request was made at the

  • Ministry reports 11 new Covid-19 cases, reiterates vigilance

    Minister of Health Mam Bun Heng has urged people to continue practising virus prevention techniques after 11 people tested positive for Covid-19 within two days after arriving in the Kingdom. Speaking on Sunday, Bun Heng stressed the importance of washing hands, wearing masks or scarves when

  • Koh Rong land ‘belongs to firm’

    Preah Sihanouk Provincial Administration spokesperson Kheang Phearum told The Post on Sunday that the 35ha being bulldozed by Royal Group Co Ltd in Koh Rong belongs to it after it was leased to it for 99 years by the government in 2008. Phearum said the land does

  • Nine on Indonesia flight Covid-19 positive

    The Ministry of Health on Saturday confirmed nine more imported cases of Covid-19. The nine ‒ eight Cambodians and one Indonesian, aged 22 to 26 ‒ arrived in Cambodia on Thursday via a direct flight from Indonesia and are receiving treatment at the Khmer-Soviet Friendship Hostipal in Phnom Penh.

  • Kingdom’s financial sector healthy

    Cambodia's financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said. Tourism, garments and footwear have borne the brunt of the Covid-19 impact, he said, whereas the financial and agriculture sectors

  • Vietnam told to remove border tents

    Kandal provincial governor Kong Sophoan has ordered local authorities to prohibit the construction of buildings in areas bordering Cambodia and to report any irregularities immediately. Recently, Vietnamese officials removed another seven tents from the border area with Cambodia. His remarks were made on Wednesday afternoon