The Council for the Development of Cambodia (CDC) and the Department of Business & Trade (DBT) of the United Kingdom held a roundtable meeting to discuss mechanisms to improve the investment climate for British private companies.
The Cambodia-UK business roundtable meeting co-organised by KPMG International Limited was attended by Sun Chanthol, Deputy Prime Minister and First Vice Chairman of CDC and British businessmen led by Simon Brown, Representative of the DBT in London on November 11.
Soun Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB) of CDC, and Jame Roberts, Partner and Head of Advisory Services of KPMG Cambodia, were present on the occasion.
During the meeting, the Cambodian and British delegations exchanged views and policies for improving the investment climate to enhance the interaction between private companies for common benefit.
Both sides also identify potential British companies that are keen on examining and exploring investment opportunities in priority sectors aimed at reaping the maximum benefits from the incentive package set out by the Royal Government of Cambodia (RGC).
Later, Chanthol met with Lord Ed Vaizey, Chairman of the UK-ASEAN Business Council and discussed the progress of British investment in expanding the production of private companies into Asian countries of which Cambodia is located in a strategic location that could facilitate the global supply chain.
Later, the Deputy Prime Minister met with Paul Bagatelas, Managing Director and Head of International Private Banking at Coutts & Co., and held an extensive discussion on the potential opportunities for British investors to explore and contribute to the growth of Cambodia’s rapidly developing financial sector.
Speaking to Khmer Times, Seun Sam, a policy analyst at the Royal Academy of Cambodia, said that while the UK is no longer part of the EU, it continues to exert significant economic clout globally, and its market remains a key player for many countries, including Cambodia.
