The Ministry of Commerce plans to establish five more private business centers in China to promote the sale of Cambodian products in the global market after signing a Free Trade Agreement (FTA), according to the Ministry of Commerce’s official Facebook page.
The Ministry has already inaugurated a Cambodian private business center in Atsugi city in Japan’s Kanagawa province to display and sell Cambodian products. Now it has unveiled plans to launch more across China.
“The Ministry is preparing a report on the inspection of the actual location of the establishment of five more Cambodian private business centers in Changchun, Harbin, Nanjing, Taiyuan and Zhengzhou to further promote the sale of Cambodian products in the Chinese market”.
Lim Heng, vice president of the Cambodia Chamber of Commerce (CCC), said there will be multiple private centers in many countries, not only China but also Korea, Japan and Canada. He added that it pushes information to business partnerships now that countries have re-opened.
“It would be better if we had it [centers] in any state of China, as well as other countries. It would be better for us to show economic potential, [and] exhibitions of our products that allow investors in that country to see what they want,” Heng said.
“Some information they can get from the center. It is the way we can also get their market information back and supply them what they need. This is an important benefit,” Heng added.
Hong Vannak, an economic researcher at the Royal Academy of Cambodia, said each country must have its own representative office in a partner country to facilitate business operations for the promotion and sale of products Cambodia has as a demonstration of the cooperation between the two countries.
He added that this is the implementation of the FTA and partnership agreement in bilateral relations, which can contribute to boosting bilateral trade.
“This work is not new, it is just step-by-step as business gets busier. Before, we only had the government's representative, now we have a private representative,” Vannak said.
“Because it is based on the cooperation between Cambodian and Chinese companies, it means establishing a regional private sector or location where there is a demand for goods from Cambodia to facilitate work and create transparency between both parties.”
