JCA pledges to attract more Japanese investors to Cambodia

JCA pledges to attract more Japanese investors to Cambodia

Chanthol reaffirms the CDC’s readiness to provide flexible facilitation to Japanese investors to turn investment opportunities into economic benefits.

The Japan-Cambodia Association (JCA) has expressed its resolve to attract more investors from Japan to invest in Cambodia.

The commitment was conveyed on Wednesday during a meeting between Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and a delegation led by Takahashi Fumiaki, President of the JCA and former Japanese Ambassador to Cambodia, in Phnom Penh.

During the meeting, both parties engaged in an in-depth discussion regarding the progress of economic cooperation, investment promotion, and the further strengthening of the enduring friendship between the two nations.

The Japanese delegation reported on the success of their investment in a Tilapia fish farm, which currently supplies to AEON malls and several premium restaurants.

Fumiaki said that the JCA is currently conducting feasibility studies to expand production for international export.

Additionally, the Japanese side reaffirmed its commitment to continued investment in the cashew nut sector, a strategic Cambodian crop that is witnessing a steady increase in demand in the Japanese market.

“The association will continue to play an important role as a bridge in bringing Japanese business people, especially small and medium enterprises, to explore and invest in Cambodia to turn those opportunities into tangible economic fruits for the people of both countries,” Fumiaki said.

Appreciating the successful Japanese investment projects in Cambodia, Chanthol encouraged the JCA to explore additional investment opportunities in shrimp and other high-demand aquaculture farms.

To continue the momentum of attracting investment, the Deputy Prime Minister outlined plans to organise an upcoming investment gateway mission in Japan to provide a forum for direct discussion and address various challenges for investors.

Chanthol apprised the delegation about the significant progress of the Cambodia-Japan Business Co-Creation Team. This newly established mechanism serves as an efficient platform for coordinating and fostering joint business opportunities between Cambodian and Japanese investors.

Additionally, Chanthol reaffirmed the CDC’s readiness to provide flexible facilitation to Japanese investors to turn investment opportunities into economic benefits.

Japanese investment in Cambodia has grown significantly, with over $2.5 billion invested since 1994. The Cambodian Government has been actively fostering specialised SEZs to attract more Japanese investors, aiming to leverage Japan’s technical expertise.

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