Tuesday, July 20, 2010

Germany Is Encouraging Investments in Cambodia

"According to the German Embassy, German investments in Cambodia are small, but the Embassy is encouraging more to come while Germany is the biggest buyer of products from Cambodia among the other countries of the European Union. "The deputy head of Mission of the German Embassy in Cambodia, Mr. Thomas Heilmaier, told Rasmei Kampuchea on 13 July 2010 that, even though Germany is a major commercial partner of Cambodia, the German Embassy wants to see a further increase in this field. "He said, 'The Embassy wants to see increasing commercial ties between Cambodia and Germany. I think there is potential in many sectors.' "According to figures from a European delegation to Cambodia, among all member countries of the European Union that buy products from Cambodia, Germany is the biggest buyer. Germany receives as much as 31% of the products from Cambodia to the European Union, while the products from Germany to Cambodia are only 12% among other countries of the European Union. "Besides Germany, other countries of the European Union buying from Cambodia are England with 29%, and Spain with 13%. Countries of the European Union exporting products to Cambodia are France with 36%, Belgium with 14%, and Italy with 11%. "In addition to commercial ties, Mr. Thomas Heilmaier said that at present, Germany is trying to promote investment relations, though there are only a few German investors in Cambodia. "He said, 'In our efforts, the Embassy is maintaining good cooperation with the Chamber of Commerce of Cambodia.' "He added that many German businesspeople and investors had visited Cambodia, but so far, many German companies still use their offices in Bangkok or in Vietnam to watch over the whole region." Rasmei Kampuchea, Vol.18, #5252, 17.7.2010 Newspapers

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