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Ambassador Martin Vávra meets Minister of Commerce Sorasak Pan

Ambassador Martin Vávra met with the Minister of Commerce of the Kingdom of Cambodia, Mr. Sorasak Pan. The meeting had a working character, both parties positively assessed the current economic relations and expressed the belief that after the covid pandemic subsides, trade will deepen further. 

On March 1, 2022, Ambassador Martin Vávra was received by the Minister of Commerce of the Kingdom of Cambodia, Mr. Sorasak Pan. The meeting was also attended by the Head of the Commercial and Economic Department Roman Seidl.  

Cambodia is currently working to conclude bilateral free trade agreements (e.g. with South Korea). In addition, it currently serves as the presiding country of ASEAN, and the country's central geographical position can serve as a suitable gateway for foreign companies to other member states. Cambodia's attractiveness for foreign partners should also be enhanced by a new investment law, the ability to set up an company on-line or an increased emphasis on the protection of intellectual property rights. On the other hand, agriculture, as a very important segment of the economy, remains overly dependent on primary production. In this context, the Cambodian government would welcome assistance with the development of processing, e.g. in the processing of significant crop surpluses of rice, mangoes, bananas, etc.   Another potential is in products with a protected geographical indication, such as Campotian pepper, palm sugar from Kampong Speu or pomelo from the island of Koh Trong.  

Among the activities of the Czech Republic in Cambodia, the area of development cooperation stands out, specifically the project of supporting small growers of Kampotka pepper can serve as a successful model example of a sustainable project gradually transitioning to a fully commercial basis. In 2022, two presentation events of Czech companies focused on medical devices and the defense industry are planned. In addition to these fields, there are other promising areas, such as the civil aviation industry, which should develop dynamically with the expected revival of tourism. It can be assumed that more and more Czech companies will gradually focus on the Cambodian market, especially those that are already active in neighboring countries.