Govt calls for more Japanese investment in Kingdom
Govt calls for more Japanese investment in Kingdom
After several large companies expanded their business operation including the Toyota Tsusho Manufacturing Corporation (Cambodia) Co Ltd, the Ministry of Commerce (MoC) urged Japanese investors to explore more investment opportunities in the Kingdom.
Lork Piseth, Secretary of State of MoC led the delegation to attend the opening ceremony of the ‘8th Cambodia Festival 2024’ from May 3-4 organised by the Royal Embassy of Cambodia in Japan in collaboration with the Cambodia Festival Committee, Khmer community, Khmer and Japanese students. A total of 30,000 visitors took part in Cambodian festival.
The ceremony held at Yoyogi Park, Tokyo was jointly presided over by Tuy Ry, Ambassador of Cambodia to Japan along with Imamura Masahiro, Member of the House of Representatives and Chairperson of Japan-Cambodia Friendship Parliamentary League (JCFPL) and Hosaka Yasushi, Parliamentary Vice-Minister for Foreign Affairs of Japan.
During the event, Piseth highlighted the progress of the economic growth, trade expansion, investment and tourism development in the Kingdom describing Japan as one of the key trading partners.
He went on to urge Japanese investors to consider investing in the Kingdom after a large number of globally recognised Japanese companies opened their businesses in the country, such as Minebea (Cambodia) Co Ltd, Aeon Mall (Cambodia) Co Ltd. and most recently Toyota Tsusho Manufacturing Corporation (Cambodia) Co Ltd which inaugurated on May 2 by Prime Minister Hun Manet.
A day earlier, Piseth accompanied by Ry met with Susumu Tai, Honorary Consul of Cambodia in Sendai held at Sendai City, Japan.
The meeting discussed the working progress of the Honorary Consulate of Cambodia in Sendai regarding trade and economic cooperation between the two countries, the participation in the annual event of the ‘Cambodia Festival’ in Tokyo, and the update of the request through MoC to amend the decision of the Royal Government of Cambodia (RGC) No 43 SSR.
According to MoC, the ‘Cambodia Festival’ in Japan is held every year to promote the Kingdom’s products, food, culture, arts and tourism to the Japanese community and international guests.
This year’s fair had over 90 booths showcasing and promoting a wide range of Khmer products and food, which included seven Khmer companies led by MoC, the statement added.
In addition to the exhibition, there were traditional Khmer dance performances by various art groups from the Ministry of Culture and Fine Arts (MCFA), dance troupes performed by Khmer boys and girls living in Japan, contemporary music, traditional Khmer costumes modelled by the ‘Cambodian Students’ Association’ in Japan, as well as Kun Khmer martial arts performances.
