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Agriculture
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London
THE LAND OF OPPORTUNITIES

Cambodia has undergone sweeping changes in recent years, not only in the field of politics and security, but also in the country’s economic and social landscape. This stable, safe and secure environment is an essential precondition for Cambodia to realise its potential economic and social achievements and build a peaceful and prosperous nation.

Cambodia has opened its economy for foreign direct investment (FDI) in all sectors. We are strongly committed to pursuing our efforts to improve the investment environment in order to make Cambodia an attractive FDI destination within the region.

The Royal Government of Cambodia (RGC) has embarked on wide-ranging reforms focusing on macroeconomic management, public financial management and the banking sector, along with the rehabilitation and reconstruction of physical infrastructure, in particular the national road and rail networks.

The economic development of the country requires concerted efforts from the government, the business community and development partners. In this spirit, along with our efforts to provide an enabling environment by focusing on the streamlining of legal and administrative procedures, the reduction of business transaction costs and the fight against corruption, the Royal Government has adopted concrete measures aimed at attracting FDI.

The RGC is convinced that to ensure sustained high economic growth in the long run, public investments should be supplemented by substantial private investments from both domestic and foreign private sectors.

The government has accorded priorities to the development of the following sectors:

• Agriculture, in which Cambodia has considerable potential, given her endowment in land and climatic conditions;

• Physical infrastructure, especially transportation and telecommunications;

• Water supply and electrical power;

• Human resource development;

• Export-oriented and labour-intensive industry; and

• Tourism, in which Cambodia also has great potential, notably due to the presence of historical and cultural heritage, traditional and natural sites, including forests, lakes, a pristine coastline and exotic islands.

At the same time, oil and gas as well as other mineral resources will open up new economic opportunities and move Cambodia to a new and higher plateau of development. We are committed to use these resources responsibly to social and economic development.


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