He described the settlement as “the foundational coverage instrument designed” to increase bilateral commerce flows and unlock new alternatives for each nations.
Kith Meng, who can also be the Chair of ASEAN-BAC Cambodia, mentioned that “CEPA is basically synergistic because it secures a significant financial gateway for the UAE into the dynamic ASEAN market of 680m shoppers, whereas providing Cambodia preferential entry required to diversify its reliance and combine into the essential GCC hub”.
UAE and Cambodia commerce
He mentioned the current Dubai Chamber delegation go to to Phnom Penh below the “New Horizons” programme displays shared dedication to strengthening financial ties and advancing joint investments as Cambodia enters a brand new section of openness and worldwide engagement.
In keeping with Kith Meng, the range of the Emirati delegation — spanning oil and gasoline, constructing materials and building, meals and drinks, and healthcare — alerts continued investor curiosity in alternatives throughout the Cambodian market.
He recognized precedence sectors for UAE corporations, together with infrastructure and logistics, the place Cambodia is accelerating efforts to turn into a regional transport hub; tourism, which is seeing elevated demand from the UAE and wider Center East; and renewable power tasks geared toward lowering industrial energy prices and enhancing competitiveness.
He added that cooperation within the digital economic system is gaining momentum, significantly in FinTech investments that assist cross-border commerce finance and fee programs. That is accompanied by vocational coaching centres targeted on creating expert labour for the nation’s manufacturing and companies sectors.
CEPA commerce deal
Kith Meng mentioned Cambodia continues to realize strong financial development supported by monetary stability, beneficial coverage landscapes and a brand new funding regulation providing complete incentives, tax holidays and streamlined processes for overseas enterprises.
He described the nation as a strategic gateway to ASEAN markets and a beneficiary of main regional commerce agreements, together with the Regional Complete Financial Partnership (RCEP).
He inspired UAE buyers to discover obtainable alternatives and pursue partnerships, affirming the Cambodia Chamber of Commerce’s readiness to supply full assist and market steering.
He additionally thanked Dubai Chambers for strengthening bilateral cooperation and mentioned the timing is correct to launch new ventures that ship mutual profit.
