New legislation to facilitate trade with Vietnam, China

Vehicle dealers at Great Wall, based on Monireth Boulevard in Phnom Penh, say they hope that the new consular offices in China increase trade and help secure better tax arrangements. (Photo by: Heng Chivoan)

Friday, 07 May 2010
By Kim Yuthana and May Kunmakara
The Phnom Penh Post

Six more Cambodian consular offices in China could spark new investment

TWO draft laws aimed at facilitating trade between Cambodia, China and Vietnam are to be passed by the National Assembly today, officials say.

Cheam Yeap, Cambodian People’s Party member of parliament and chairman of the National Assembly’s fifth committee, said Thursday that a consular treaty with China and a law on waterway transportation with Vietnam are due to be approved this morning.

The China deal will see six Cambodian consular offices opened in major cities across the People’s Republic, helping potential investors learn more about the Kingdom.

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