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  • Cambodia Investment Agency (CIA)
  • Cambodia Investment Agency (CIA)
   After three decades of a brutal civil war that destroyed the country’s infrastructure and paralyzed its economy, the past ten years has seen political stability in Cambodia coupled with an annual economic growth of 8 percent. Cambodia’s current vibrant economy is highlighted by a youthful population hungry for the education that their parents lacked.  With half its citizens under the age of 22, new universities and vocational schools can’t keep pace with the growing number of young adults yearning for the chance at a higher level education. The past decade has seen tremendous liberalization affecting property ownership, business regulation, and the importing/exporting of goods. As a consequence, property values have experienced a rapid rise culminating in huge economic gains for landowners. This, along with increases in tourism and foreign investments, has been a driving force in the country’s development. Cambodia is proving to have one of the fastest growing middle classes in Asia, a young talented population and investment opportunities that rival any country in the developing world.
 
   As a member of ASEAN, Cambodia will benefit from the ASEAN Free Trade Agreement. Under this agreement Cambodia has been given longer time frames to meet AFTA’s tariff reduction obligations. Furthermore, the agreement provides Cambodia with preferential access to the European and North American markets due to its underdeveloped status. Most of Cambodia’s export products enjoy duty-free and quota-free (DFQF) treatment by the European Union, Canada, Australia, New Zealand and Norway. Cambodia also enjoys DFQF for more than 8,000 tariff lines in the U.S. and Japan.
 
   The most robust economic sectors in Cambodia’s economy are textiles, food processing, agriculture, construction, and tourism. The countryside is fortunate to have an abundance of fertile land, natural resources, a well-trained and inexpensive labor force, historical sites, tropical rainforests, national parks, rivers, lakes and pristine beaches. They provide the perfect climate for investment and sustainable development.
                                                                   Run–Saroeun & Partners
                                                                   President & Co-Founders of CIA