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

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Tina rebuffs ‘false claims’ over falling paddy price

    Agriculture minister Dith Tina has shed light on the trade of paddy rice in Battambang – Cambodia’s leading rice-producing province – in a bid to curb what he dubs a “social media fact distortion campaign” to destabilise the market. While acknowledging that the prices of paddy

  • Kampot curfew imposed to curb ‘gang’ violence

    Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • PM outlines plans to discuss trade, policy during US visit

    Prime Minister Hun Manet is set to meet with senior US officials and business leaders during his upcoming visit to the US for the UN General Assembly (UNGA), scheduled for September 20. While addressing nearly 20,000 workers in Kampong Speu province, Manet said he aims to affirm