He described the settlement as “the foundational coverage instrument designed” to broaden bilateral commerce flows and unlock new alternatives for each nations.
Kith Meng, who can also be the Chair of ASEAN-BAC Cambodia, mentioned that “CEPA is basically synergistic because it secures an important financial gateway for the UAE into the dynamic ASEAN market of 680m customers, whereas providing Cambodia preferential entry required to diversify its reliance and combine into the essential GCC hub”.
UAE and Cambodia commerce
He mentioned the latest Dubai Chamber delegation go to to Phnom Penh beneath the “New Horizons” programme displays shared dedication to strengthening financial ties and advancing joint investments as Cambodia enters a brand new part of openness and worldwide engagement.
In line with Kith Meng, the variety of the Emirati delegation — spanning oil and fuel, constructing materials and development, 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 develop into a regional transport hub; tourism, which is seeing elevated demand from the UAE and wider Center East; and renewable power tasks geared toward lowering industrial energy prices and bettering competitiveness.
He added that cooperation within the digital economic system is gaining momentum, notably in FinTech investments that help cross-border commerce finance and fee programs. That is accompanied by vocational coaching centres targeted on creating expert labour for the nation’s manufacturing and providers sectors.
CEPA commerce deal
Kith Meng mentioned Cambodia continues to realize sturdy financial development supported by monetary stability, beneficial coverage landscapes and a brand new funding regulation providing complete incentives, tax holidays and streamlined processes for overseas 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 traders to discover out there alternatives and pursue partnerships, affirming the Cambodia Chamber of Commerce’s readiness to offer full help and market steering.
He additionally thanked Dubai Chambers for strengthening bilateral cooperation and mentioned the timing is true to launch new ventures that ship mutual profit.
