Logo of Phnom Penh Post newspaper Phnom Penh Post - ‘Hong Kong and Cambodia are closer than we thought’, says trade body

‘Hong Kong and Cambodia are closer than we thought’, says trade body

Content image - Phnom Penh Post
Hong Kong is Cambodia’s 10th largest trading partner. Photo: AFP

‘Hong Kong and Cambodia are closer than we thought’, says trade body

Hong Kong was Cambodia’s 10th largest trading partner,14th largest export market and sixth largest source of imports in 2018. Eleven per cent of the total trade between Cambodia and mainland China was routed through Hong Kong.

“Hong Kong and Cambodia’s economic relations are scaling new heights since the signing of the Asean-Hong Kong Free Trade Agreement and a related Investment Agreement.”

These two agreements lay down a very strong foundation for businessmen to consider both sides for expanding trade, investment and professional services.

We are close to each other, with a mere three-hour flight operated daily between Hong Kong and Phnom Penh by Cathay Dragon and Lanmei Airlines.

The proximity and the rising economy of Cambodia has attracted young professionals and entrepreneurs from Hong Kong in recent years. Human resource talent is one of the most valuable assets that Hong Kong offers.

We believe that the exchange of ideas between talents of the two places will foster innovative outcomes and stronger people-to-people bonds.

With the accelerated development of infrastructure such as the Hong Kong-Zhuhai-Macao Bridge and the high-speed railway, Hong Kong provides the most accessible, safe and secure gateway to mainland China.

Under the “one country, two systems” principle, Hong Kong also offers the rule of law, free flow of capital, information, people, and business and professional services that follow international standards and practices.

With these advantages, Hong Kong is an excellent location for Cambodian companies to expand their businesses, to tap into the Chinese market and the wider world. We look forward to more investments from Cambodia. Together, Hong Kong and Cambodia will build a brighter future with friendship and goodwill as its central theme.

(Message from Hong Kong Economic and Trade Office in Bangkok)

MOST VIEWED

  • US imposes sanctions on Oknha Pheap and Kun Kim

    The Ministry of Foreign Affairs and International Cooperation expressed strong dismay on Monday over the designation of Cambodian tycoon Oknha Try Pheap and General Kun Kim under the US’ Global Magnitsky Act. “It is very disturbing when the public figures of a country become the

  • Mother, daughter killed in hotel fire

    The bodies of a mother and daughter were found locked in an embrace after they were killed in a hotel fire in Phnom Penh at around 3:30am on Wednesday at the Phkar Chhouk Tep 2 Hotel and Restaurant in Phsar Doeum Kor commune, in the capital’

  • EBA withdrawal a destruction of EU achievements, PM says

    Prime Minister Hun Sen said the EU’s possible suspension of its Everything But Arms (EBA) agreement amounted to a destruction of its achievements in the Kingdom and the demise of the opposition group. Hun Sen made the remarks while addressing more than 6,700 students during

  • Rights Day forum denied in Sihanoukville

    The Preah Sihanouk provincial administration last Saturday denied the request of land communities for a public location in the province to celebrate International Human Rights Day 2019 as the administration had already held forums to discuss land issues. However, the land community representatives said they would

  • Kingdom calls on Japan to increase number of direct flights to Siem Reap, Phnom Penh

    Cambodia is requesting Japan to increase the number of direct flights from Japanese cities and provinces to Phnom Penh and Siem Reap, so as to contribute to increasing cooperation and tourist numbers between the two countries. During the opening ceremony of 3rd Japan Travel Fair

  • Sri Lanka’s LOLC Holdings plans to sell Cambodian unit

    LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its 70 per cent stake in Prasac Microfinance Institution Ltd, which also counts Hong Kong’s Bank of East Asia Ltd. as a shareholder, LOLC deputy chairman Ishara Nanayakkara said. Nanayakkara