Cambodia pledges support for ASEAN investment summit

Cambodia pledges support for ASEAN investment summit


Indonesia, the 2023 ASEAN chair, has received Cambodia’s support for the ASEAN Business and Investment Summit (ABIS) which will be held in September.

The request for assistance from the bloc’s largest economy came during an April 3 working meeting at the Ministry of Foreign Affairs and International Cooperation between Ministry of Commerce secretary of state Rath Saravuth and Arsjad Rasjid, chairman of both the Indonesian Chamber of Commerce and Industry (KADIN) and the ASEAN Business Advisory Council (ASEAN-BAC) 2023.

According to the commerce ministry, Arsjad outlined the priority work and other initiatives of the ASEAN-BAC, which has five major priorities: Digital transformation, sustainable development, food security, health system resilience, and trade and investment facilitation.

Arsjad informed the Cambodian side about the September summit, saying that ASEAN leaders, economy ministers and other relevant senior officials will be invited to attend.

Saravuth responded by offering to assist Indonesia with its preparations for the summit. He stressed the importance of the summit, which is an opportunity for each ASEAN member to demonstrate its economic potential to the region and the world.

“Cambodia supports the priority work, projects and initiatives proposed by the ASEAN-BAC. We welcome the chance to work closely with stakeholders on the priority work and other initiatives, in line with the agenda and the vision that ASEAN has been pursuing, especially sustainable development, inclusiveness and resilience,” he said.

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Author: Samban Chandara

Source: The Phnom Penh Post

Publication: 06 April 2023