Outgoing Japanese Ambassador Affirmed Growing Japanese Investors’ Confidence in Cambodia

image012Japanese investors have more and more confidence in Cambodia, affirmed outgoing Japanese Ambassador to Cambodia H.E. Masafumi Kuroki in a meeting here this morning with Cambodian Deputy Prime Minister H.E. Hor Namhong.

The Japanese diplomat explained that peace, political stability, security in Cambodia and the good relations between Cambodia and Japan are the main factors to attract the Japanese investors to Cambodia, H.E. Koy Kuong, Spokesman for the Ministry of Foreign Affairs and International Cooperation said.

In reply, H.E. Hor Namhong, also Minister of Foreign Affairs and International Cooperation, expressed warm welcome to all Japanese investors, in particular Japan’s top business leaders who will visit Cambodia soon.

During the meeting, H.E. Hor Namhong also highlighted Japan’s role in the Cambodian development as well as its support to the Extraordinary Chambers in the Courts of Cambodia (ECCC), stressing that Japan is the biggest donor to the tribunal.

From 2005 to 2012, Japan provided more than US$76 million to the ECCC, said the spokesperson.

For his part, H.E. Masafumi Kuroki thanked the Royal Government of Cambodia for its support to his diplomatic mission.

According to the spokesperson, the bilateral trade between Cambodia and Japan in the first half of 2012 was over US$400 million. From 2010 to 2012, Japan provided some US$301 million in grant and US$139 million in soft loans to Cambodia. The total value of Japanese investments  in Cambodia increased to over 258 million in 2012, from US$120 million in 2011.

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