Cambodia-UK Discuss the Development of the Green SEZ Project in Cambodia

Cambodia and the United Kingdom discuss accelerating the development of the Green Special Economic Zone project in Cambodia.

H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, met with Anne-Marie Trevelyan, Secretary of State for Indo-Pacific Affairs of the United Kingdom Ministry of Foreign Affairs and Development, to discuss a number of key agendas. The meeting was held on the afternoon of March 4, 2024, at the Ministry of Economy and Finance.

Some of the main agendas discussed at the meeting included the development of the Green SEZ project in Cambodia, the UK's investment, and the UK's support for Cambodian exports.

The Deputy Prime Minister warmly welcomed Anne-Marie Trevelyan's official visit to Cambodia and expressed deep gratitude for the cooperation between the two countries in the past, especially the UK's support for Cambodia and the initiative to organize the Green SEZ project in Cambodia, which has contributed a lot to the socio-economic development of Cambodia.

The Deputy Prime Minister also outlined the general situation of Cambodia's economy, the continuation of macroeconomic stability in line with the recovery of Cambodia's economic growth, the introduction of the first phase of the Pentagon strategy, as well as strategies and measures for a series of new reforms at the beginning of the new mandate of the Royal Government so that Cambodia can reach the goal of becoming a high-income country in 2050.

The Secretary of State also praised the significant progress of the Cambodia-UK cooperation and expressed the Royal Government of the United Kingdom's commitment to further strengthen and expand existing cooperation and continue to promote UK investment in Cambodia, in particular by promoting the development of the Green Special Economic Zone (Green SEZ) project and efforts to attract new British investors in line with Cambodia's favorable economic situation.

At the same time, the two sides also discussed reforms to attract more foreign investors to Cambodia, such as simple and easy business registration, reducing registration time, access to financial and capital assistance for small and medium enterprises, and debt management in Cambodia, as well as initiatives for free trade agreements.