He described the settlement as “the foundational coverage instrument designed” to increase bilateral commerce flows and unlock new alternatives for each nations.
Kith Meng, who can be the Chair of ASEAN-BAC Cambodia, stated that “CEPA is essentially synergistic because it secures a significant financial gateway for the UAE into the dynamic ASEAN market of 680m shoppers, whereas providing Cambodia preferential entry required to diversify its reliance and combine into the essential GCC hub”.
UAE and Cambodia commerce
He stated the current Dubai Chamber delegation go to to Phnom Penh underneath the “New Horizons” programme displays shared dedication to strengthening financial ties and advancing joint investments as Cambodia enters a brand new section of openness and worldwide engagement.
In response to Kith Meng, the range of the Emirati delegation — spanning oil and gasoline, constructing materials and building, meals and drinks, and healthcare — alerts continued investor curiosity in alternatives throughout the Cambodian market.
He recognized precedence sectors for UAE corporations, together with infrastructure and logistics, the place Cambodia is accelerating efforts to grow to be a regional transport hub; tourism, which is seeing elevated demand from the UAE and wider Center East; and renewable power tasks aimed toward lowering industrial energy prices and bettering competitiveness.
He added that cooperation within the digital financial system is gaining momentum, significantly in FinTech investments that assist cross-border commerce finance and cost techniques. That is accompanied by vocational coaching centres targeted on growing expert labour for the nation’s manufacturing and companies sectors.
CEPA commerce deal
Kith Meng stated Cambodia continues to realize strong financial progress supported by monetary stability, beneficial coverage landscapes and a brand new funding regulation providing complete incentives, tax holidays and streamlined processes for international enterprises.
He described the nation as a strategic gateway to ASEAN markets and a beneficiary of main regional commerce agreements, together with the Regional Complete Financial Partnership (RCEP).
He inspired UAE buyers to discover out there alternatives and pursue partnerships, affirming the Cambodia Chamber of Commerce’s readiness to offer full assist and market steering.
He additionally thanked Dubai Chambers for strengthening bilateral cooperation and stated the timing is correct to launch new ventures that ship mutual profit.
