Logo of Phnom Penh Post newspaper Phnom Penh Post - Top trade body pushing ahead for second Canada office after Toronto gains

Top trade body pushing ahead for second Canada office after Toronto gains

Content image - Phnom Penh Post
Cambodia Chamber of Commerce (CCC) vice-president Lim Heng. CCC FACEBOOK PAGE

Top trade body pushing ahead for second Canada office after Toronto gains

Cambodia’s apex trade body still plans to open a representative office in Montreal “soon”, with newly-found enthusiasm after its first overseas outpost, also in eastern Canada, was tied to a marked uptick in interest from businesspeople looking to invest in the Kingdom, according to a senior officer.

Cambodia Chamber of Commerce (CCC) vice-president Lim Heng told The Post on September 14 that the Toronto representative office has generated tailwinds for economic growth and investment in the Kingdom, as a central meeting and information hub for interested players of all nationalities to gain insight into the investment potential of the emerging Southeast Asian economy.

Since the CCC opened its Toronto office in late May, “we’ve seen a bunch of foreign investors interested in doing business in Cambodia”, he said, adding that the office also provides a direct channel for importers to order Cambodian-made goods.

Heng revealed that many Canadian-based businesspeople plan to accompany Prime Minister Justin Trudeau in November to the ASEAN Summit – to be hosted by Cambodia – and take the opportunity to explore investment options in the Kingdom.

He did not provide a more concrete time frame for the planned Montreal office, but did confirm that the CCC is also considering an outpost in South Korea once the long-awaited Cambodia-Korea Free Trade Agreement (CKFTA) enters into force.

Signed on October 26, 2021, the CKFTA was expected to enter into force within the first half of 2022, however, Seoul has taken longer to complete its internal procedures than Cambodian commerce officials expected, which has in part been blamed on the presidential elections and subsequent change in administration.

And without going into further details, Heng shared that an unnamed Chinese-based business association had reached out to the CCC on opening a representative office in China to encourage fuller and more efficient utilisation of the Cambodia-China Free Trade Agreement (CCFTA) and bring in more Chinese investors to the Kingdom.

Hong Vanak, an economics researcher at the Royal Academy of Cambodia, commented that the CCC’s overseas representative office offers direct access to up-to-date news on the Kingdom, which he said instils greater confidence among potential investors.

“The CCC opening more representative offices will bring up the number of people with at least a basic understanding of Cambodia, which will in turn boost the presence of Cambodian products on international markets,” he added.


  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • Kampot curfew imposed to curb ‘gang’ violence

    Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Manet touches down in Beijing for high-level meetings

    Prime Minister Hun Manet arrived in Beijing on September 14 for his first official visit to China, where he is slated to attend the 20th China-ASEAN Expo and meet other leaders including Chinese President Xi Jinping. Upon his arrival, Manet laid a wreath at the Monument