Monday, 27 December 2010
By May Kunmakara
The Phnom Penh Post
By May Kunmakara
The Phnom Penh Post
COMMERCE Minister Cham Prasidh urged Thai businesses to invest in Cambodia’s processing industry at a meeting between Thai and Cambodian officials on Friday.
Cham Prasidh highlighted the Kingdom’s zero to low tariffs on exports to the European Union in his meeting with the Thai vice-chairman of the third Commission of the National Assembly of Thailand at Cambodia’s Ministry of Commerce on Friday.
“If Thai’s investors come to invest in processing plants for our agricultural products exporting to EU’s market, you don’t need to pay tax,” he said.
“However, if you produce the same products in your country, you have to pay taxes between 7 [percent] and 30 percent.”
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Cham Prasidh highlighted the Kingdom’s zero to low tariffs on exports to the European Union in his meeting with the Thai vice-chairman of the third Commission of the National Assembly of Thailand at Cambodia’s Ministry of Commerce on Friday.
“If Thai’s investors come to invest in processing plants for our agricultural products exporting to EU’s market, you don’t need to pay tax,” he said.
“However, if you produce the same products in your country, you have to pay taxes between 7 [percent] and 30 percent.”
Please click here to read more...
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