Promoting economic development between the Kingdom and French-speaking countries took centre stage on Monday as six memoranda of understanding (MoUs) were signed between Cambodia business organisations and French international firms aiming to further boost the economic ties with Francophonie member countries.
The MoUs were signed in the presence of Prime Minister Hun Manet at the ‘French-Cambodian Business Forum’ in Paris coordinated and organised by Kith Meng, President of the Cambodian Chamber of Commerce (CCC) and Chairman of the ASEAN Business Advisory Council for Cambodia.
The MoUs were inked between the CCC and the Alliance des Patronats Francophones (APF), the Royal Group and Blue Circle, the L.Y.P. Group and SEMMARIS while Techo International Airport run by Overseas Cambodian Investment Corporation (OCIC) signed three MoUs with Lagardére Travel Retail, Aloest Productions and Platform Import which was represented by Ecole 42.
These MoUs are aimed at promoting economic development between Cambodia and French-speaking countries and help facilitate their investment in the Kingdom through the arrangement of business meetings, conferences, seminars, and other trades.
In addition, the CCC delegation will visit and review their performance with stakeholders to build strong relations and explore the opportunities to expand trade activities.
Giving prominence to the MoUs, Mr Hun Manet took to social media mentioning, “The forum reflected the importance of strengthening bilateral relations between Cambodia and France based on the principle of mutual respect, benefit and common values, focusing on deepening economic ties by connecting businesses, investments and trades.”
Business leaders, investors and representatives from 110 companies of which 80 were French firms and 30 from the Kingdom’s top business institutions exchanged experiences in the French-Cambodian Business Forum to expand investment projects and explore potential opportunities in both countries. The forum created a friendly environment for international investors in the Kingdom.
Pen Bona, Spokesperson of the Royal Government of Cambodia (RGC) told Khmer Times that the nation is a member of the Organisation International de la Francophonie (OIF) or in short called ‘Francophonie’, a French-speaking community comprised of over 80 countries which includes our neighbours Laos and Vietnam.
“Francophonie members take turns organising the summit annually to enhance the development of almost every sector and the Kingdom is given this rare opportunity to host the ‘Francophonie Summit 2026’ with the initial support from French President, Emmanuel Macron,” he added.
Before the signing session, the Premier received a courtesy call from Geoffroy Roux De Bezieux, President of APF and discussed the possibility of enhancing the investment platform in the Kingdom.
During the meeting, Geoffroy Roux De Bezieux said that this is the right time for French companies to find more markets in Asia especially in Cambodia, the founding member of the OIF and a nation that has applied to host the Francophone International Summit 2026.
He expressed elation over Cambodia’s commitment to disseminating and providing information on investment opportunities in the country to French companies so that they can zero in with their ideas and speed up the process.
The APF president emphasised that this is a great chance to promote investment with France.
Source:Khmer Times
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
