Phnom Penh (FN), Nov. 26 – Cambodian Prime Minister Hun Manet announced the establishment of two high-level mechanisms under his direct oversight to enhance support for both domestic and foreign investors, ensuring effective business facilitation and growth.

The two mechanisms include: 1) The Trade Policy Advisory Committee, serving as the strategic advisor to the Royal Government, monitoring global trends, and ensuring that policies remain competitive; and 2) The Private Sector Dispute Resolution Promotion Committee, which swiftly and effectively addresses issues.

The premier spoke on Tuesday (Nov. 26) at the Global Chinese Economic & Technology Summit 2024 held at Sofitel Phnom Penh Phokeethra.

Samdech Thipadei stated, “We recognize that time is valuable for businesses, which is why we have digitized the company registration process and streamlined investment approvals. Additionally, I have established two high-level mechanisms to support businesses. The first is the Trade Policy Advisory Committee, which serves as the Royal Government’s strategic advisor, monitoring global trends and ensuring our policies remain competitive. The second is the Private Sector Dispute Resolution Promotion Committee, dedicated to resolving issues swiftly and effectively.”

At the same time, the prime minister also reaffirmed the Royal Government of Cambodia’s support for businesses and investors, promising open opportunities for new investments, stable and predictable policies, and a steadfast dedication to fostering business growth.
=FRESH NEWS