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HE Mr Hor Nam Bora
Ambassador Extraordinary and Plenipotentiary

From 2004 to 2013

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Photo of Ambassador Hor Nam Bora with the incoming ASEAN Secretary General Le Luong Minh at the London Asia House
Cambodia’s ASEAN Chair 2012 Brings New Business and Other Opportunities - By Ambassador Hor Nam Bora

Cambodia is greatly honored and proud to assume the chairmanship of ASEAN in 2012 with ownership and high responsibility in order to make contribution towards realizing our common goal which is the establishment of the ASEAN Economic Community in 2015. It was actually the second time Cambodia had assumed the top position in ASEAN, and taken possession of the rotating chairmanship.

Most experts agree than on the economic side, the time in the spotlight was good for the Kingdom and will likely provide a boost to investment and the economy. On the political side, Cambodia did the best it could in a difficult situation on the contentious matter of the South China Sea, and it is fair enough to say that there was no consensus within ASEAN.

One significant benefit was the US-ASEAN Business Forum in July, attended by US Secretary of State Hillary Clinton. It was the largest event of its kind and brought nearly 200 American companies to a meeting in Siem Reap to look at investment possibilities, including big players like Chevron, General Electric, Cisco and Dell. While few concrete deals were signed, the event strengthened economic ties between Phnom Penh and Washington. In November, another business summit attracted about 1,000 participants and gave Prime Minister Hun Sen and Commerce Minister Cham Prasidh the occasion to deliver messages to investors about Cambodia’s benefits, including political stability, incentive programs and a generally friendly environment for business.

According to Chheang Vannarith, executive director of Cambodia Institute for Cooperation and Peace, Cambodia also benefited from representing ASEAN at the G20 summit in Mexico in June. The summit discussed some issues like strengthening the international financial system and regulation, food price volatility, green growth, greater investment in scientific, agriculture and technology. Cambodia’s participation in such a high-profile event would raise awareness of and trust in the Kingdom, he said, which would likely result in increased investment inflows and trade.

Overall, the results for Cambodia’s ASEAN year look fair and good. The spotlight on the country highlighted new business possibilities, brought potential new investors into the country and put the Kingdom on the radar screen of others, so most see that as a success.

At the concluding press conference after the final summit in November had concluded, Prime Minister Hun Sen said the year had been a very successful one for Cambodia as Chair of ASEAN.

 

 

Media Inquiries: Ambassador's office + 44 (0) 208 451 799 – Media Response Unit: + 44 (0) 208 451 7850
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Copyright © ROYAL EMBASSY OF CAMBODIA – LONDON
Published by Strategic and Diplomatic Communications Unit (SDCU)
 

 


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