7/29/2019 Japanese Firms Seek Business Options

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REPRESE ;1: TIVES ofadozenJarge Japanese camp ni sar rived in Phnom Penh onlooking for businessopportunities in me kingdom.Hideto, hi Nishimura. execu -

tive director of tile EconomicResearch InstilUt for ASEANand East Asia , led the delegation. v, hose members r pre sent fi rm in industries such astechnology. i vellery manufacturing, infrastnJcrure developmentand agricu.lture.peaking to report r after ameeting between [he delegaIJOn and Prune MiniSler HunSen on luesday at the PeacePalace, the premier' personaladvi 'er. Eaog Sophalleth, saidNi hlffiUIa hud [old Hun Senthe group was s king potential opportu.nities.So phalleth added thatNishimura had said Cambo-d ia" po liti al st biilty andseeuri , and th govemmen r'sbusine , -frien dly po lie i s ,made the Kingdom an arrractive plac ro d business.Hun Sen pointed out that thec un try wa ripe for investmen l in areas such as agri .ulture. rour' 'ro , mining, oil andg s, transportation nd teleCOUlml lOlcations.In recem years, a number ofJapanese companies haveInvest din amhodia, m o ~ tin manufacturin g.Last month , [okyo-basedaulo upplier Yazaki invested$24 m ill ion in an electronicpar t plant in the Koh KongSpeciaJ Economi Zone.In September, AEO COill-nu tted $200 m ill ion to build afour-Stor y shopping ma ll inPhnom Penh.The delegation', vis it coin-cideswiLh JapilllesePrime Min-ister ShlnzoAbc'svisi t th i weekto tbr feHow ASEAN coun-tries - Vi tnam, Thaila nd andIndonesia - his fi rstfore ign tripof his second term as premier.( ee r lated tory on page 15.)Peler Brimble ,deputycoun-try director oftheAsian Devel-Ol}ment Bank, says the flow ofJapan 'e in estment is help-ing to di versify Cambodia'sexport:;, which now relymost-lyon the agricultural and gar-men t sectors .

"La I Y ar, we aw a type ofdiversifi cation happening: wesaw Japanese in \' ' tment com-ing ll1 like crazy. They build onfac to ry, they fin ish it, they get itup and running. then they startbuilding the next one in thePh nom Penh special economiczone, in Koh Kong, or wherever."I th ink this will have a sig-nificant impact on exports a.ndth eConomy in 2013,"