Chinas Yunnan businesses seek investment in Cambod

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The Association for Economic Cooperation and Trade Promotion between Yunnan and Southeast and South Asia (ECTPA) on Friday signed an investor facilitation cooperation agreement with Chinese Chamber of Commerce in Cambodia,[link widoczny dla zalogowanych], aimed to seek business opportunities in the country.
The agreement was signed by Jammy Gao, president of Chinese Chamber of Commerce in Cambodia and Wang Guoliang, vice chairman of the ECTPA.
Under the agreement, when there is an investment delegation from Yunnan province to seek investment opportunity in Cambodia or vice-versa, each party has obligation to assist and arrange meetings with local businesspeople or government officials in order to facilitate them in their investment seeking purpose.
Niu Shaoyao, chairman of the association,[link widoczny dla zalogowanych], said that the delegation consisted of investors from 13 investment companies in Yunnan, which specialize in construction, mining, post express logistics,[link widoczny dla zalogowanych], steel factory, real estate development, technology, and agriculture.
"Our visit to Cambodia is to explore investment opportunities,[link widoczny dla zalogowanych]," he said.
During the five-day visit,[link widoczny dla zalogowanych], the delegation has met with Cambodia 's Second Vice President of the Senate Tep Ngorn and Deputy Prime Minister Men Sam On as well as some investors in Cambodia.
"We have learnt that Cambodia has huge potentials and its law is preferential for investors,[link widoczny dla zalogowanych]," he said. "Chinese investors in Cambodia have told us their successful experiences in their investments."
"I believed that during the visit,[link widoczny dla zalogowanych], investors from Yunnan would be able to find good investment partners or favorable sectors in Cambodia for their future investment plans,[link widoczny dla zalogowanych]," he added.
Jin Yuan, economic and commercial counselor of the Chinese embassy in Cambodia, said during the signing ceremony that even though Cambodia is a small and poor country,[link widoczny dla zalogowanych], but it is an attractive place for foreign investors for its rich natural resources and political stability and its emerging economy.
"It is an opportunity for investors from Yunnan province to do business in Cambodia," he said. "Moreover,[link widoczny dla zalogowanych], the relation between Cambodia and China has reached the comprehensive strategic partnership of cooperation, which builds more confidence for Chinese investors in Cambodia."
The delegation arrived in Cambodia on Thursday after visiting Laos and Thailand for investment opportunity seeking.