U.S. Companies Confirm to Expand Businesses in Cambodia

U.S. companies will expand their businesses and inject more investment in Cambodia contributing to the economic recovery of the Kingdom.

The remarks were made by Amb. Michael Michalak, Senior Vice President and Regional Managing Director of U.S.-ASEAN Business Council in Southeast Asia in a virtual meeting with H.E. Pan Sorasak, Minister of Commerce early this week.

Also joining the meeting was representatives of U.S. Embassy to Cambodia and U.S. companies –ConocoPhillips, FordMotor, Amazon, Walmart, Pernod Ricard, Visa, and Jhpiego.

“American companies have expressed their optimism about continuing to invest and expand their businesses in Cambodia, especially in supporting the recovery of the Cambodian economy in the post COVID-19,” the ministry said.

The bilateral trade between Cambodia and the U.S. was valued at US$5.5 billion in the first eight months of this year, a 28.4 percent increase compared to the same period a year earlier.

Source: Agency Kampuchea Press