A Semi-Monthly Briefing on China-Asean Economic Ties
Business Sept. 2011 No. 38
Table of Contents
On Investment Environment in Cambodia
On Investment Environment in Cambodia
Speech by Her Excellency Khek Caimealy Sysoda, Ambassador of the Kingdom
Cambodia eyes Chinese investment to boost economy
of Cambodia to the People’s Republic of China at the Cambodia Investment
JOIN HANDS WITH ASEAN
Beijing, 16 September 2011
Vietnam, Cambodia, Laos, Myanmar promote tourism cooperation
Cambodia's largest port reports revenues up 17 pct in 8 months
Your Excellency Xu Ningning, have long enjoyed a close and trustful friendship and close
Executive Secretary-General of the China-ASEAN Business cooperation for many generations. CHINA-ASEAN ECONOMIC NEWS FLASH
Council Chinese, Laotian presidents pledge to enhance political, economic ties
Distinguished Guests, Indeed, while holding talks, in December 2010, with the China, Indonesia sigh multi-billion-dollar economic agreementsSino-
Ladies and Gentlemen, Cambodian delegation led by Samdech Akka Moha Sena Padei
Malaysian economic ties strengthen
Techo Hun Sen, Prime Minister of the Kingdom of Cambodia,
His Excellency Premier Wen Jiabao emphasized that the China will offer more support to outbound investment: minister
May I, at the outset, extend a warm welcome and my personal Kingdom of Cambodia and the People’s Republic of China
appreciation to all the distinguished business Leasers and have now enjoyed a comprehensive strategic partnership. CONVENTION AND EXHIBITION
representatives of enterprises, present here, for honouring our China Fisheries & Seafood Expo
invitation to attend this special conference, co-organized by Currently, Cambodia has enjoyed peace, political and Fenestration China
the China-ASEAN Business Council ( CABC ) and the Royal macro-economic stability and social progress which are the China Plastics Expo
Embassy of Cambodia. prerequisites for national development and prosperity. Based
China International Industry Fair (CIIF )2011
on this solid foundation, Cambodia has actively endeavoured
May I take this opportunity to extend, on behalf of the to integrate itself into the region and the world, the ASEAN Canton Textile Machinery
Royal Government of Cambodia, my sincere gratitude to His cooperation being of highest priority.
Excellency Xu Ningning, Executive Secretary-General of GLANCING AT CABC MEMBERS
the China- ASEAN Business Council for co-organizing the Cambodia’s accession into World Trade Organization in 2004 China Household Electrical Appliances Association
Cambodia Investment Presentation in Beijing today, the very was an important milestone for Cambodia and has provided the
first conference on business and investment environment in country with an important mechanism for trade and encouraging CABC NEWS & EVENTS
Cambodia to enable foreign investors, particularly, Chinese trade focused investments. The legal and regulatory framework
Walking into Cambodia and exploring new business opportunities
investors to better understand the investment environment in the has also improved in the past five years. Several laws
Kingdom of Cambodia. supporting Cambodia’s drive towards competitiveness have Why Invest in Cambodia
been passed. These include laws on investment, taxation,
Since the establishment of the China-ASEAN Free Trade Area patents, factory management and transportation. INTRODUCTION OF CABC
on 1st January 2010, the trade volume between China and
ASEAN has been increasing significantly. In order to improve the business and investment climate and
The Kingdom of Cambodia and the People’s Republic of China to comply with WTO regulations and its promises made upon
China-ASEAN Business Council Chinese Secretariat
Tel: 86-10-64632564/64664339 Fax: 86-10-64655230 E-mail: firstname.lastname@example.org
Add: P.O.Box 28 Xiang He Yuan Post Office. Beijing, 100028,China Website: www.cafta.org.cn/www.china-aseanbusiness.org.cn
China-ASEAN Business Council Chinese Secretariat Page 1
the accession to WTO, the Royal Government of Cambodia plan 2001-2005, the Cambodian government regards It is, therefore, of great importance for me to reiterate that
has been putting emphasis on updating laws and regulations foreign direct investment ( FDI ) as a major engine Cambodia treats equally and provides the same rights to
and the introduction of new laws and regulations in the fields for economic development. From the viewpoint of the both local and foreign investors except for land ownership.
of business, trade and investment. In the last five years, such legal framework in Cambodia, laws and regulations
important laws and regulations were approved. governing FDI in Cambodia are basically designed to However foreign investors can use land through long- term
encourage and facilitate investments. Undoubtedly, the leases of up to 99 years. We have opened our economy to
As far as the principle of economic management is concerned, Law on Investment stipulates that FDIs are treated in a Foreign Direct Investments in all sectors including banking,
the article 56 of the constitution of Cambodia declares that the non-discriminatory manner except for land ownership insurance, and telecommunications. I must stress that in
Kingdom of Cambodia shall adopt a market economy system. and allowed to invest freely in many areas. Under the many countries in such sensitive sectors, foreign investors
The constitution further says, in article 61, that the State shall current Law on Investment, the investors who are given are not allowed to control 100% shareholding without local
promote economic development in all sectors and remote Final Registration Certificates, will be entitled to various participation. Moreover, we are actively expanding and
areas, especially, in agriculture, handicrafts, and industry, with incentives. deepening our financial sector by strengthening the banking
attention to policies concerning water, electricity, roads, and and insurance system and by establishing the Cambodia
means of transport, modern technology and a system of credit. Likewise, the Royal Government of Cambodia has been Stock Exchange which operation is due in mid 2011.
improving their investment facilitation services, for
More importantly, article 10 of the new law on the amendment example, the Government decided in December 2005 to Alongside the improvements of physical infrastructure
to the Law on investment also stipulates that the Royal establish the Special Economic Zone Board ( The CSEZB achieved in the past years, Cambodia has made, besides,
Government of Cambodia shall not fix the price or fee of ) under the Council for the Development of Cambodia significant progress in strengthening its legal framework:
products or services of an approved Qualified Investment ( CDC ) to promote the special economic zone (SEZ ) although as mentioned earlier, ownership of land is still
Project ( QIP ). Besides, article 9 of the Investment Law scheme in Cambodia. Administered by the CSEZB, the reserved to nationals. In this regard, I would like to inform
stipulates that the Royal Government shall not undertake a Special Economic Zone is to be established in authorized you that on 5 April, 2010, the National Assembly passed
nationalization policy, which shall adversely affect private SEZs and provided one-stop service to zone investors legislation allowing foreigners to own private units in co-
properties of investors in the Kingdom of Cambodia. Thus, from the registration of investment projects to routine owned buildings. In combination with earlier legislation
Cambodia facilitates economic and business activities in a export-import approvals. The Royal Government has organizing separate titles of ownership for condominium
most open, reliable and secured basis. considered the development of Special Economic Zone units, this is a significant development for the real estate
(SEZ) as a priority in order to attract investment. sector. The rights of private property investors, both
Regarding the GSP, Investors may choose Cambodia since the Cambodians and foreign nationals are now better protected
country is one of the beneficiaries of the Generalized System Your Excellency while reducing the risk for developers and for the final
of Preferences ( GSP ) schemes operated by developed Distinguished Guest, purchasers.
countries. Under these schemes, import tariff on many Ladies and Gentlemen
products from the beneficiaries are exempted or reduced Furthermore a number of legal and judicial reforms in
if requirements such as rules of origin are fulfilled. Since Since Cambodia is back on the path of strong and the Government’s programs, such as the creation of the
Cambodia is categorized as a least developed country ( LDC) sustained economic growth, as witnessed by considerable National Arbitration Centre, will address some of the
it is entitled to additional preferences, under which more of and encouraging achievements during the last few years, existing gaps. Commercial arbitration will be implemented.
its products are subject to duty-free or tariff reductions. For I believe that this is the most opportune time for the Currently private sector arbitrators are being trained
example, Japan gives Cambodia tariff preferences on import business community and all investors to assess Cambodia’s by international experts. The Insolvency Law has been
of 3, 600 articles plus an additional 1,200 articles including potential and to seize investment opportunities. promulgated, significantly improving the rights of creditors
apparel and footwear. and the transparency of enforcing debts. A new Law of
I wish to bring to your attention that Cambodia has great Commercial Contracts, which is being drafted, will also
With regard to export privileges, Cambodia has been granted potential in several important sectors such as agriculture, improve the legal certainty relating to the most common
Most Favoured Nation ( MFN ) status by the United States, agro-industry, infrastructures, labour intensive industries, contracts that are used in business.
the European Community and other developed countries. export oriented industries, the exploitation of natural
resources such as oil and gas, mining as well as tourism. The Royal Government of Cambodia will pursue its
Concerning the policies towards the Foreign Direct Investment These sectors have not been fully capitalized and still offer efforts to streamline processes and formalities for private
( FDI ), in the second socio-economic development many investment opportunities. investments; we will implement necessary measures to
China-ASEAN Business Council Chinese Secretariat Page 2
reduce the cost of doing business in Cambodia, in particular by strengthening governance and
lowering transportation and electricity costs. Concerning the latter, the Royal Government Cambodia eyes Chinese investment to boost economy
expects considerable improvement from 2011 on with the energy generated by our
hydropower plants. Also as a first step towards simplification of administrative procedures is
Relations between China and Cambodia have grown closer in recent years, with Beijing
the establishment and operation of Special Economic Zones at the borders with Vietnam and
investing billions of dollars in the southeast Asian nation to help boost its economy, an
official said Friday.
the vicinity of Phnom Penh and in Sihanoukville where is located our deep sea port. The One
Stop Service at each of those SEZs has already reduced time and cost of transactions.
China has become Cambodia's biggest source of foreign direct investment, said Mao Tianyu,
division chief of the International Department of the Ministry of Commerce.
Interestingly, a promising outlook for oil, gas and mineral resources has opened new
economic opportunities and hope for Cambodia to become a new development zone in the
Chinese companies invested 395 million U.S. dollars in non-financial sectors in Cambodia
region, suggesting the possibility of high and sustainable economic growth in the medium to
last year, an increase of 83 percent year-on-year. By the end of July 2011, China's outbound
long-term, as well as economic diversification and faster poverty alleviation.
direct investment in non-financial sectors in Cambodia amounted to 1.2 billion U.S. dollars,
Based on peace, political stability and development, the Royal Government has an ambitious
vision to transform Cambodia into a fast-growing regional economy based on agro-business,
Cambodia's economy has been growing rapidly but is still weak compared with other
manufacturing and services, especially in the tourism sector.
countries in the region.
Cambodia is rich in natural resources and our human resource base has proven capability in
Its gross domestic product (GDP) rose 5.9 percent year-on-year to reach 11.44 billion U.S.
the garment sector. All of those developments are improving Cambodia’s attractiveness as a
dollars in 2010, a growth rate slower than Thailand's 7.8-percent increase and also below the
country to invest. Cambodia is now in a strong position to attract a more diversified industrial
6.8-percent rise seen in Vietnam, said Xu Ningning, executive vice secretary-general of the
base that should include agro-processing where there is a lot of potential. Cambodia
China-ASEAN Business Council.
welcomes investors and believes that with a strong investment climate, foreign investors will
identify their own competitive advantages.
Cambodia's per capita GDP stood at 792 U.S. dollars last year with an annual inflation rate of
The Royal Government of Cambodia aims at a diversified industrial base which will
extend into the provinces and we will do our best to work with all investors to ensure that
Most rural households in Cambodia depend on agriculture and related sub-sectors.
their investments are implemented successfully. My key message today, therefore, is that
Agriculture, apparel, real estate and tourism are the country's four pillar industries.
Cambodia is open for business to all foreign investors.
As a country endeavoring to integrate itself into the global economy, Cambodia has shown
Some of you may wonder what Cambodia has to attract your investment. Normally, when
great enthusiasm for foreign investment.
you are going to do business and invest in a country, you need to explore at least three key
factors. However, in Cambodia, we have at least four key factors that would encourage you
The country approved 5.5 billion U.S. dollars in foreign investment during the first seven
to invest in the country. First is political stability, second is macro-economic stability, third
months of this year, up 301 percent from last year, Xu said.
is sound and transparent legal framework, and fourth is access to key international markets
through trade preferences in terms of GSP or MFN.
Khek Caimealy Sysoda, Cambodia's ambassador to China, said she hopes to see more
Chinese investment in her home country.
In conclusion, I would like to emphasize that Cambodia is the country to invest since
Cambodia has a lot of potential for investment. Therefore, I would like to invite all
"Cambodia enjoys political and macro-economic stability as well as a transparent legal
businessmen and foreign investors, in particular, Chinese enterprises, to visit Cambodia in
framework. It has a lot of potential for investment," she said.
order to carry out feasibility studies for your investment plans.
(Xinhua, Sept. 16 )
Thank you for your kind attention.
China-ASEAN Business Council Chinese Secretariat Page 3
Join Hands with ASEAN
Vietnam, Cambodia, Laos, Myanmar Cambodia's largest port reports revenues
promote tourism cooperation up 17 pct in 8 months
An international conference on tourism promotion themed "Four countries One Destination"
was held in Vietnam's southern Ho Chi Minh City (HCMC) on Tuesday. Cambodia's largest Sihanoukville Autonomous Port (SAP) on Thursday unveiled that
it earned the total revenues of about 21 million U.S. dollars in the first eight months
The forum was attended by four tourism ministers of Vietnam, Cambodia, Laos and Myanmar, of this year, rising 17 percent from 18 million U.S. dollars at the same period in a year
and more than 200 delegates from related ministries and organizations in the region. earlier.
According to Vietnam News Agency, the event was held to lure more investment in tourist
infrastructure and promote tourism for sustainable development for the benefit of both The port's reports also showed that from January to August this year, the total cargo
investors and peoples in the four countries. shipments through the port rose by 14 percent to 1.6 million tons, up from 1.4 million
tons at the same period last year.
Delegates shared with one another the updated information of their respective country's
tourism policies to attract more investment and discussed measures to provide favorable The port's chief Lou Kim Chhun attributed the increase in shipments and revenues to
conditions for tourism investors and managers, all aimed at highlighting images of the four more active economic activities.
countries as attractive destinations to both tourists and investors.
Over the recent years, the tourism sectors of Vietnam, Cambodia, Laos and Myanmar "As we all see the country's economy has recovered well, the exports of garments are
have strongly developed, becoming an important spearhead to boost social and economic on the rise, so is the exports of processed rice," he said Thursday, projecting that the
development in each country. The average growth rate in these countries is always higher than cargo shipments through the port could reach 2.5 million tons by the end of this year.
the average one of the ASEAN bloc and the world as well. Despite the global economic crisis,
the four countries welcomed about 10.9 million tourists in 2010, a year-on-year increase of 25 According to the statistics of the Ministry of Commerce, Cambodia had exported
percent, said the report. garments and textiles in equivalent to 2.34 billion U.S. dollars in the first eight months
Potentials in tourism of the four countries were also shared among participants, who shared of this year, 19 percent increase from 1.96 billion U.S. dollars at the same period last
a common view that promoting tourism in their countries as one common destination with year. However, the report showed that the country's exports of rice declined 10 percent
attractive and diverse forms of sites and services would help in building a firm foundation for to 105,400 tons from 117,180 tons.
cooperation and development in the Mekong sub-region, and for cooperation and friendship
among regional countries. The port is the main economic path between Cambodia and the globe. Main products
go through the port including agricultural products, garment products, petroleum, wood
Addressing the conference, Vietnamese minister of culture, sports and tourism Hoang
chips, coal, vehicles, machinery, construction materials and all types of consuming
Tuan Anh said, the Vietnamese government always provides favorable conditions for, and
encourages domestic and foreign travel businesses and investors to join hands together in items.
The SAP is one of the three state-owned enterprises that the government has ordered
Vietnam welcomed more than five million foreign visitors in 2010, a year-on-year increase of to prepare itself to list in the Cambodia Securities Exchange, which is slated to begin
34.8 percent. The country sets targets to receive 10.3 million foreign visitors, plus 47.5 million trading from the end of this year onwards.
domestic tourists, by 2020, and 18 million foreign visitors and 71 million domestic tourists by
2030, Anh said.
The other two enterprises are Phnom Penh Water Supply Authority and Telecom
More than 94.2 billion U.S. dollars will be invested to develop 39 national tourist areas, 30 Cambodia.
national tourist sites and 10 tourist urban quarters in Vietnam, Anh reported.
(Xinhua, Sept. 22 )
(Xinhua, Sept. 13 )
China-ASEAN Business Council Chinese Secretariat Page 4
China-ASEAN Economic News Flash
Chinese, Laotian presidents pledge to enhance China, Indonesia sigh multi-billion-dollar
political, economic ties economic agreements
President Hu Jintao and his Laotian counterpart Hu pledged to strengthen cooperation with Laos in China's northeast Jilin Province signed 9 economic agreements worth 9.5
Choummaly Saygnasone held talks on Monday, the areas of economics, trade, mining, agriculture, billion U.S. dollars with Indonesia Monday in Jakarta, covering mining, drinks,
agreeing to boost bilateral ties in light of the 50th infrastructure, tourism and education and promote husbandry and pharmaceutical sectors.
anniversary of the establishment of China-Laos exchanges between the legislative bodies, political
relations. organizations and social management networks of Eight deals worth of 3.5 billion U.S. dollar were announced Monday evening at
both nations. the China Jilin-Indonesia Economic and Trade Cooperation Conference. Earlier
Hu, who is also general secretary of the Communist on the day, the Jilin Horoc Nonferrous Metal Group signed a deal to invest 6
Party of China (CPC) Central Committee, Hu suggested that both sides should enhance billion U.S. dollars in nickel smeltering in Southeast Sulawesi.
congratulated Choummaly's re-election as president cooperation in national defense and public security
of Laos and secretary-general of the Laos People's in order to safeguard peace and stability of both The trade delegation, headed by Jilin Province's Communist Party chief Sun
countries. Zhengcai, is here to tap into business opportunities between the old industrial
Revolutionary Party Central Committee.
base of Northeast China and the largest economy in Southeast Asia.
Hu hailed the current state of bilateral political Hu said China supports Laos in hosting the ninth
Sun said both sides have much to gain from their complementary economies,
relations, saying that both countries share similar Asia-Europe Meeting next year and expressed especially as the Chinese government is prioritizing the revitalization of the old
social systems, political ideals and developmental confidence in the country's national development. industrial base of Northeast China and the regional cooperation in Northeast
mindsets. Asia is booming.
Referring to China as a "close and reliable friend"
"It bears positive significance for the cause of and "strategic partner," Choummaly spoke highly Indonesia has maintained a high growth rate of 6.5 percent for the first six
socialism and for peace and development in Asia of the cooperative ties between the parties and months of the year and is rich in mining, agricultural, fishing and forestry
and the world for China and Laos to be good governments of both countries, stating that resources. On the other hand, China's Jilin sits at the center of Northeast Asia,
neighbors, friends, comrades and partners," Hu said comprehensive cooperation with China has fueled having car manufacturing, oil and chemical processing, agriculture as its pillar
at their meeting at the Great Hall of the People in development in Laos. industries.
Choummaly said both sides should maintain high- Zhang Qiyue, Chinese ambassador to Indonesia, told the conference that China
Hu said China will enhance strategic level visits, strengthen cooperation in national has become a major trade partner for Indonesia, with trade volume likely
communication, substantial cooperation, party-to- defense and public security and expand cooperation to exceed 50 billion U.S. dollars in 2011, adding that non-financial direct
party exchanges and coordination on international in the fields of economics, trade, culture, education investment flows from China to Indonesia surpassed 1.05 billion U.S. dollars
and regional issues with Laos. and tourism. by the end of July.
China appreciates the Laos government's adherence Choummaly arrived in Beijing on Sunday for a Indonesia is wooing investment from China. As Abdul Alek Soelystio, vice
to the one-China policy and will firmly support four-day official visit to China at the invitation of chairman of the Indonesian Chinese Entrepreneur Association put it, the
Laos as it advances on a road that fits its domestic Hu. Indonesian government is sparing no effort to improve the legal system and
situation, Hu said. infrastructure, and simplify investment procedures to create an investor-friendly
(Xinhua, Sept. 19 ) climate.
(Xinhua, Sept. 19 )
China-ASEAN Business Council Chinese Secretariat Page 5
China-ASEAN Economic News Flash
Sino-Malaysian economic ties strengthen China will offer more support to outbound
China has been Malaysia's largest trading partner for manufacturing sector, Lee noted. Ninety-six projects investment: minister
the last two years, with commercial ties buoyed by valued at $1.2 billion have been approved in the sector
the burgeoning Chinese economy and a deepening since 2006, with the majority concentrated in basic The Chinese government will provide strong policy support for outbound investment,
bilateral relationship. metal products. Minister of Commerce Chen Deming said Thursday.
Two-way trade reached a record $74.2 billion last year Other sub-sectors attracting Chinese investment China will explore some domestic qualified and active technological development
following implementation of the China-ASEAN Free include transport equipment, chemicals, fabricated zones and give full play to their advantages in line with the development of China's
Trade Agreement (FTA). metal products and machinery. overseas trade and economic cooperation regions, Chen said at a forum held at the 15th
China International Fair for Investment and Trade (CIFIT) held in China' s southeastern
Malaysia is China's eighth-largest trading partner. China is offering its considerable infrastructure coastal city of Xiamen.
development expertise in the construction of the
While bilateral trade is robust, there remains room second Penang Bridge, a joint project by China Harbor The protection mechanism for investors ought to be perfected in order to promote
to bolster Chinese investment in Malaysia. The Engineering Co and Malaysia's UEM Construction. overseas enterprises' capacity for risk prevention and to safeguard their legitimate rights
Malaysian Industrial Development Authority (MIDA) and interests, he said.
headquartered in Kuala Lumpur plays a key role in The bridge, Malaysia's largest civil project in the past
courting that Chinese capital. 20 years, will help transform Penang into a logistics The guidance and services for private enterprises as well as small- and mid-sized
and transportation hub. enterprises investment in foreign countries is also expected to be strengthened,
MIDA acts as a bridge between China and Malaysia, according to Chen.
facilitating government-to-government exchanges and Among the Chinese companies operating in Malaysia,
visits to Malaysia by Chinese business delegations. the most prominent are Lenovo, Huawei, the Industrial (Xinhua, Sept. 8 )
& Commercial Bank of China and Bank of China.
Within China, MIDA organizes investment seminars
and activities matching Chinese businesses with their Others include Sinochem International, a rubber particular the feed-in renewable energy tariff that will be implemented on Dec 1.
Malaysian counterparts. It has offices in Shanghai and compound producer, Jigang Group Co, which makes
Guangzhou. iron and steel products, and ZTE Corp, known for According to the tariff scheme, the Malaysian government will provide subsidies for
developing and manufacturing telecommunications clean energy including solar photovoltaic power to encourage development of solar
As a one-stop center for business advisory services, equipment for mobile, data, optical and intelligence farms or use of solar panels in buildings, said MIDA Shanghai director Lee.
MIDA assists Chinese companies entering the networks.
Malaysian market obtain investment incentives, Chinese companies with expertise in technology-intensive manufacturing will enjoy
manufacturing licenses and other requisite approvals. Several deals inked favorable conditions to produce solar energy products for Malaysia's domestic use, he
It also provides post-licensing assistance, helping adds.
Chinese manufacturers receive exemption from import During Premier Wen Jiabao's two-day official visit
duties on raw materials and machinery. to Malaysia in April, China and the Southeast Asian Looking ahead, the Sino-Malaysian bilateral economic relationship is poised to deepen.
country inked several deals to further strengthen Chinese investment in the Malaysian manufacturing sector alone grew from 162 million
Chinese investment economic ties, among them an agreement between Malaysian ringgit ($54 million) in 2009 to 1 billion ringgit ($333 million) in the first six
ZTE and DiGi Telecommunications for the supply of months of this year, according to MIDA.
"China's outbound foreign direct investment has grown network infrastructure.
substantially in recent years," said Simon Lee Yew MIDA also expects to see China further invest in Malaysia's rich natural resources.
Weng, director of the MIDA Shanghai office. Other deals included a contract between China Other industries with potential to attract Chinese investment are electronics, bio-
Huadian Engineering Co and Malaysia's Janakuasa to technology, pharmaceuticals and logistics.
"Our role is to increase Chinese investors' awareness build a coal-fired plant and a joint venture agreement
of the rich business opportunities in Malaysia, and between Aluminum Corp of China and Smelter Asia "We see fruitful two-way economic ties continuing to develop on the back of close
persuade them to make Malaysia one of their key Sdn Bhd to construct a smelter in Malaysia. social and cultural links, geographical proximity and trade liberalization in the region
profit centers." brought about by the China-ASEAN FTA," said Lee.
Malaysia's growing renewable energy sector also
Chinese firms are most active in Malaysia's presents opportunities for Chinese investors, in (China Daily, Sept.16)
China-ASEAN Business Council Chinese Secretariat Page 6
Convention and Exhibition
Note: CABC Chinese Secretariat would like to assist enterprises to participate in the following exhibitions. If you are interested, feel free to contact us.
China Fisheries & Seafood Expo Fenestration China China Plastics Expo
Venue: Qingdao International Convention & Exhibition Center Venue: Beijing China International Exhibition Center Venue: China Plastics International Exposition
Country: Qingdao, China Country: Beijing, China Center
Start Date: 01-NOV-11 End Date: 03-NOV-11 Start Date: 02-NOV-11 End Date: 04-NOV-11 Country: Yuyao, China
Exhibitors: 747+ Visitors: 15,000+ Exhibitors: 400+ Visitors: 36000+ Start Date: 06-NOV-11 End Date: 09-NOV-11
Industry: Meat, Poultry & Seafood Industry: Building Construction Exhibitors: 463+
Coverage Area: 50000 Square Meter Industry: Plastic & Plastic Products
China Fisheries & Seafood Expo is a highly successful, EVENT PROFILE EVENT PROFILE
established international exposition. Year after year, thousands Fenestration China is the leading international trade China Plastics Expo is an event that is dedicated
of pre-qualified buyers and decision makers visit the show ready fair in China and Asia for all sectors of the windows, to the plastic industry as it is stated to be the
to do business. No other show of its type in Asia comes close to doors and curtain wall industry. Established in the year biggest expo in the Chinese plastic industry. This
matching the size or success of China Fisheries & Seafood Expo. of 2003, Fenestration China has always been devoted event will offer the showcase of raw materials,
to creating an ideal showcasing platform where machine tools and machineries related to the
\VISITOR'S PROFILE Chinese and international professionals meet to initiate plastic industry. It is in this event that enterprises
Professionals related to Food Service, Restaurant, Catering Firm, business and to build up and cultivate contacts. related to this industry will meet each other and
Retail, Supermarket & Hypermarket, Warehouse Club /Mass develop their markets and share the resources of
VISITOR'S PROFILE each other.
Marketer, Seafood Market, Distribution, Processor, Importer,
Windows & Doors manufactures, Construction
Exporter, Broker/Trader, Fishing Company, Aquaculture, Services,
Companies, Architects, Real Estate Developers are the China Plastics Expo is a great opportunity for the
Research/Education, Government, Transportation Equipment,
target visitors. attendees to interact with experts in the field and
Packaging Services are the target visitors.
know about the latest advancements being made
EXHIBITOR'S PROFILE by this industry. This event will surely give a huge
\EXHIBITOR'S PROFILE Profile for exhibit include standardized window and boost to the plastic industry of China.
Profile for exhibit include Fresh and preserved fish, Frozen door: Aluminium, Steel, Wood, PVC, ordered window
seafood, Dried seafood, Processed and canned seafood, Seafood and door: Aluminium, Steel, Wood, PVC, Accessories VISITOR'S PROFILE
gourmet specialities, Fish - based sauces and mixes, Aquariums and components for fenestration industry, Sealing China Plastics Expo will be visited by senior
for restaurants, Purification and storage systems for live shellfish and silicone, Automatic closing equipment, Steel decision makers, retailers and wholesalers, agents
and fish, Seafood washing machines, Systems for fish refrigeration profiles for fenestration industry, Aluminum profiles and various other professionals related to the
and freezing, Cold stores, Seafood packaging, Display counters for fenestration industry, PVC profiles, Wood, Curtain plastic industry.
for restaurants and shopping centres, Thematic decorations for wall and glazing products, External painting products
seafood restaurants. and systems, Facade cleaning and maintenance
China-ASEAN Business Council Chinese Secretariat Page 7
Convention and Exhibition
China International Industry Fair (CIIF )2011 Canton Textile Machinery
Date: 1-5 November, 2011 PREVIEW OF CIIF 2011
Venue: Shanghai New International Expo Centre 8 Flagship shows held together annually which mark Venue: China Import & Export Fair Pazhou Complex
City/State: Shanghai the development and trend of China's manufacturing Country: Guangzhou, China
Country: China industry, totally 150,000 square meters at Shanghai Start Date: 09-NOV-11 End Date: 11-NOV-11
New International Expo Centre. Exhibitors: 307+ Visitors: 16472+
EVENT PROFILE More than 1,800 Exhibitors, include more than 30% Industry: Plant & Machinery
China International Industry Fair (CIIF in brief) International Companies participation.
is jointly organized by China's Government, co- 116,768 Visitors and 102,998 professionals mainly EVENT PROFILE
organized by China Machinery Industry Federation Decision-makers from 74 different countries and 31 Canton Textile Machinery is developing into the most influential
and managed by Shanghai World Expo (Group) provinces of China. (Data of 2010) and established as well as the largest professional international
Co., Ltd. China International Industry Fair, started New show – New Energy Auto Show start from textile machinery exhibition in China. It will be functioning
from 1999, after 12 years innovation and growth, it scratch with 2 halls scale. as the key platform for the information exchange and business
has become the most influential international brand Beginning from 1999, Members of UFI approved cooperation among China, Asia and the rest of the world .
show in China’s manufacturing equipment industry. events with 13 years as individual platforms enjoy
This year, CIIF was also certified by UFI (Union good reputation both at home and abroad. VISITOR'S PROFILE
of International Fairs) which accelerated its way Trade Visitors - importers & exporters from all sectors of the
to serve as an important vehicles and cooperative HIGHLIGHTS (2010) textile machinery industry, including spinning, nonwovens,
platform between China’s manufacturing industrial Six Flagship shows held together annually which weaving, knitting, dyeing and finishing, garment making,
insiders and global magnates. mark the development and trend of China's Embroidery Machine, Sewing Machine, Quilting & Weaving
manufacturing industry, totally 103,500 square Equipment, Needle-detecting Equipment, Cleaning & Washing
China International Industry Fair 2010 was meters with 32.3% overseas participation in Equipment, dyestuffs and chemicals & General Public are the
successfully held from Nov 9th to Nov 13th, Shanghai New International Expo Centre. target visitors.
2010 at Shanghai New International Expo Centre. 1,653 Exhibitors, include 566 International
Themed as “Scientific Innovation and Equipment Companies from 20 countries .with 14% increase EXHIBITOR'S PROFILE
Manufacturing Revitalization”, CIIF presented compared with 2009. Exhibitors include manufacturers from all sectors of the textile
totally 103,500 square meters to accommodate 116,768 Visitors and 102,998 professionals mainly machinery industry, including spinning, nonwovens, weaving,
1,653 exhibitors from 20 countries and 3 regions, Decision-makers from 74 different countries and 31 knitting, dyeing and finishing, garment making, dyestuffs
accounted 32.3% of overseas participation. CIIF provinces of China. and chemicals, Pre-sewing, Shrinking & Cloth Spreading
2010 drew 116,768 visitors from 72 countries More than 60 Forums and Conference held Equipment, Cloth Cutting Equipment, Sewing & Stitching,
and region. Concurrently, totally 60 forums and simultaneously. Sewing Machine, Embroidery Equipment, Quilting & Weaving
activities had been hold.This year, the 13th edition, Starting from 1999, Members of UFI approved Equipment, Needle-detecting Equipment, Steam Iron &
CIIF 2011 will be held from Nov 1st to 5th at events with 12 years as individual platforms enjoy Finishing Equipment, Cleaning & Washing Equipment.
Shanghai New International Expo Centre. good reputation both at home and abroad.
China-ASEAN Business Council Chinese Secretariat Page 8
Glancing at CABC Members
China Household Electrical Appliances Association
Community Property (5) Help making a sound management system of industry self-regulation, regulate
competition between member companies, coordination of Member relations and safeguarding
China Household Electrical Appliances Association (CHEAA) was established in the market order of fair competition;
December 1988. CHEAA is registered by the Chinese manufacturer of household (6) Promote the brand construction, promote the improvement of product quality, with the
appliances industry, business, spare parts and raw materials, auxiliary enterprises, government departments of the industry's product quality management;
research institutions and other voluntary agencies. CHEAA is a self-composed, (7) Organize the exchange and promotion of new technologies, organizational identification
non-profit social and economic organization, is a legal person in non-government and promotion of new products, promote new technologies in the industry in the promotion
organization. By the competent departments of the Association of State-owned Assets and application, promote technological innovation and scientific management, improve
Management Committee, China Light Industry Federation and the Ministry of Civil technical level of industry and international competitiveness;
Affairs community registration authority guidance and supervision and management. (8) Organize and promote energy conservation and emission reduction industry, carry out
green design, waste home appliances recycling and reuse of resources, and promote energy-
CHEAA’s 0bjective efficient home appliances has improved continuously;
(9) To promote domestic and international trade activities undertaken to promote the
Complying with the Chinese Constitution, laws and regulations, CHEAA’s main popularity of consumer knowledge, organizations domestic and international exhibitions,
objective is to represent and defend the Chinese Industry interests, to defend legal rights marketing activities, maintenance of enterprises in the trade activities of the legitimate rights
of its members, and to promote a fair and orderly competitive market environment. and interests involved in the coordination of international trade disputes;
By this means, the association hopes to serve its members, the appliance industry and (10) Organize the industry professionals, technical, vocational, management, policies and
the government, and to contribute to the healthy and sustainable development of the regulations, such as training, guidance, and help member companies improve their business
(11) Positive development with foreign associations, international organizations and
Association Functions cooperation, organizing the industry to participate in the international exchange activities;
(12) Promote the industry, the founder of Association publications and industry websites;
The association's functions includes safeguarding the rights, services, self-discipline, (13) The development of public welfare, social responsibility;
coordination and supervision, assists the government in the implementation of (14) Assumes the functions and work commissioned by the Government;
industrial management. Specific functions are as follows: (15) To carry out other activities beneficial to member companies and state laws and
(1) Participate in government economic policy, industrial policy research favorable to
industry policy and legislative proposals; organizes in industry development, strategic
planning and other major issues;
(2) Reflect the industry to government departments, membership aspirations, safeguard
the legitimate rights and interests of members;
(3) To carry out the survey industry data collection, analysis, publishing industry
information, to provide members, government and community with advisory services;
(4) To organize and participate in the formulation, revision of national standards or
industry technical standards, service standards and industry access standards, standard-
setting association to carry out the work;
China-ASEAN Business Council Chinese Secretariat Page 9
CABC News & Events
Sept. 1st, 2011, the Vietnam National Day Reception Sept. 1st, 2011, the Vietnam National Day Reception
was held by the Vietnam Embassy to China in Beijing, in was held by the Vietnam Embassy to China in Beijing, in
commemoration of the 66th Anniversary of the Socialist commemoration of the 66th Anniversary of the Socialist
Republic of Vietnam. Mr Xu Ningning (L), was invited to Republic of Vietnam. Mr Xu Ningning (R), was invited to
attend the reception, with Nguyen Duy Phu, Commercial attend the reception, talking with Laos ambassador to China
Counsellor' of Vietnam Embassy to China. (L).
2011 International Forum on Development of China
Automotive Industry was held in Tianjin on Sept. 3,
2011, jointly organized by China Automotive Technology
and Research Center (CATARC), Chinese Society Of
Agricultural Engineering (CSAE), China Association
of Auto Manufacturers (CAAM), etc. Totally over 700
representatives attended the forum. Mr. Xu Ningning was
invited to deliver an address on the business opportunity on
CAFTA and China automobile walking into ASEAN, and
make relevant recommendations on automobile industry
exploring the market in ASEAN.
In the evening of Sept. 3, 2011, Su Jianmin, who is Sept. 7th, 2011, Mr. Xu Ningning, SG of CABC Chinese
Chairman of the Economic and Trade Promotion Council of Secretariat (L) and Mr. Wang Zhonqi, Chairman of China
Tianjin-ASEAN and Vice Chairman of Tianjin International Chamber of Commerce for Import &Export of Light Industrial
Chamber of Commerce as well as President of Tianjin Products &Arts-Crafts (CCCLA) (R), signed a strategic
Motian group Co. LTD (L), dined Mr. Xu Ningning (R), cooperation framework agreement to jiontly promote the
discussing the enterprises cooperation between Tianjin and cooperation of Light Industry Products & Arts-Crafts Between
ASEAN, accompanied by Li Wenyuan, Deputy Director China and ASEAN and establish long and stable cooperation.
General of Foreign Affairs Office of Coordination of the Both parties actively carry out a series of cooperation through
Tianjin People's Government and other people. establishing strategic cooperation partnership.
China-ASEAN Business Council Chinese Secretariat Page 10
CABC News & Events
Sept. 10th, 2011, Malaysia-China Trade and Investment At noon of Sept. 14th, 2011, Embassy of Malaysia held a reception
Conference was held in Kuala Lumpur. Mr. Xu Ningning in commemoration of the 54th Anniversary of Malaysian National
was invited to deliver a speech on how China and ASEAN Day. Mr. Xu Ningning was invited to attend the reception. During
together explore the 1.9 billion market on the conference the reception, Mr. Xu Ningning (L) talked with Mr. See Chee Kong,
with over 1.000 participants. Economic Minister Counselor of Embassy of Malaysia (R) on the
economic and trade cooperation between China and Malaysia. On the morning of Sept. 14th, 2011, the crew of the large-scale
television series "20 Years of China-ASEAN" from Guangdong TV
Station interviewed Mr. Xu Ningning in Beijing. Mr. Xu Ningning
talked about the economic and trade cooperation of 20th anniversary
of the establishment of dialogue relationship between China and
2011 marks the 20th anniversary of the establishment of dialogue
relationship between China and ASEAN, and is also "China-ASEAN
Friendly Exchange Year". In order to help the Chinese people to
deeply understand ASEAN, and promote friendly exchange and
cooperation from both parties, the Ministry of Foreign Affairs of
PRC, Guangdong Institute for Foreign Culture and Exchange,
SMC, Foreign Affairs Office, Pecple's Government of Guangdong
Province, and Guangdong TV Station plan the large-scale television
series "20 Years of China-ASEAN" consisting of totally 12 sessions
with 25 minutes per session. It is expected to be published during
At noon of Sept. 14th, 2011, Embassy of Malaysia held a In the evening of Sept. 14th, 2011, the Reception was held by the the China-ASEAN Leaders Summit in November.
reception in commemoration of the 54th Anniversary of Indonesia Embassy to China in Beijing, in commemoration of the
Malaysian National Day. Mr. Xu Ningning was invited 66th Anniversary of Indonesian National Day. Mr Xu Ningning
to attend the reception. During the reception, Mr. Xu was invited to attend the reception. During the Reception, Mr. Xu
Ningning (L) talked with Mr. Chen Shian, Chairman of Ningning (R) accepted the interview on the economic and trade
China-Malaysia Chamber of Commerce (R), on Chinese cooperation between China and Indonesia from a television reporter.
and Malaysian enterprises' cooperation.
China-ASEAN Business Council Chinese Secretariat Page 11
CABC News & Events
Sept.16,2011, Cambodia Investment Presentation Conference was held in Beijing, organizedby CABC Chinese
In the evening of Sept. 14th, 2011, the Reception was held by the Indonesia Embassy Secretariat and Royal Embassy of Cambodia. Mr. Xu Ningning (R3) presided the meeting. H.E. Mrs. Khek Caimealy
to China in Beijing, in commemoration of the 66th Anniversary of Indonesia National Sysoda, Ambassador of the Kingdom of Cambodia to the People's Republic of China (L3), Mr. Mao Tianyu, Division
Day. During the Reception. Mr Xu Ningning (R) talked with Mr. Ma Jisheng, Deputy Chief, International Department of Ministry of Commerce of China (L2), Mr. Liu Zengxue, Vice General Manager of
Director of the Information Department of Ministry of Foreign Affairs (L). China International Water & Electric Corp., and Ms Dai Yuee, General Manager of Sihanoukville Special Economic
Zone Co., Ltd (R2) attended the conference and delivered the speeches. Over 100 Attendees including responsible
persons of national business associations, relevant sectors of government, representatives of entrepreneurs, etc.
Sept.16, 2011, Cambodia Investment Presentation Conference was held in Beijing,
organizedby CABC Chinese Secretariat and Royal Embassy of Cambodia. After Sept.16, 2011, Cambodia Investment Presentation Conference was held in Beijing, organizedby CABC Chinese
the conference Mr. Xu Ningning (R) accepted the interview from the journalist of Secretariat and Royal Embassy of Cambodia. After the conference Mr. Xu Ningning (R) accepted the interview from
Communications Centre for Southeast Asia of China Radio International. the journalist of CCTV NEWS.
China-ASEAN Business Council Chinese Secretariat Page 12
CABC News & Events
Walking into Cambodia and exploring new business opportunities
—Cambodia Investment Presentation Conference held in Beijing
On 16th Sept, Cambodia Investment Presentation Conference Mr. Xu Ningning said, due to the stable political situation, and quantity which can meet the international standards and
was held in Beijing, organized by CABC Chinese Secretariat and favorable policy of investment and tax, the fever of investment would export is limited (just only 45,000 tons in 2010).
Royal Embassy of Cambodia. Xu Ningning, Executive Secretary in Cambodia was growing. From January to July of 2011, Most of rice are bought by merchants from Thailand and
General of China-ASEAN Business Council (CABC) Chinese Cambodian government has approved 75 investment projects Vietnam, and processed as Thailand and Vietnam rice to
Secretariat, advised that Chinese enterprises should actively seize and $5.5 billion of investment amount, an increase of 301% export. Investment of building grain depots and rice mill
the opportunity of China-ASEAN Free Trade Area (CAFTA) to year-on-year. There are 4 tourism projects with $2.44 billion factories will be the best starting point in Cambodia. The
walk into Cambodia for exploring new business opportunities. of investment amount, 60 industry projects with $2.6 billion cassava production of Cambodia in 2010 is 3.78 million
of investment amount, and 11 projects of agriculture, rubber tons, but the processing capabilities is not effective.
When H.E. Mrs. Khek Caimealy Sysoda, ambassador of the and telecommunication service, etc. of which the investment Now, the plantation of natural rubber reached to 180,000
Kingdom of Cambodia to the People's Republic of China, amount is 460 million USD. From January to July, Cambodian hectares, but harvested area is just 40,000 hectares.
presented the investment projects in Cambodia, she said there government has approved 1279 construction investment Cambodia government planned to extent the plantation
existed large development space in the area of agriculture, agro- projects and $750 million of investment amount, an increase area to 250,000 hectares within 3 years. With the excellent
industry, infrastructure construction, labour intensive industry, of 84% year-on-year. The approved projects involved building natural conditions of livestock production development
export-oriented industries, petroleum and gas, minerals, tourism rice mill factories, garment factories, tourist facilities, farms, in Cambodia, the annual meat demanding of Cambodia
resources, etc. These provide many investment opportunities housing, etc. is about 250,000 tons, but the domestic production is still
for Chinese enterprises. She pointed out that in the last five unable to achieve full self-sufficiency. Aquatic product
years, Cambodian government published laws & regulations on Mr. Xu Ningning presented that Cambodia is abundant in resources are bountiful in Cambodia and the total output
investment and actively encouraged Chinese enterprises to invest energy sources, most of which hasn't entered a substantive stage of aquatic products is 550,000 tons. Thereinto, the output
and develop in Cambodia. of development. As estimated by the World Bank, the reserve of freshwater fish is 405,000 tons, marine fish 85,000
of offshore petroleum in Cambodia is about 2 billion barrels. At tons, and breed aquatics 60,000 tons. At present, Phnom
Division Chief of International Department of Ministry of present, most Cambodian petroleum products depend on import, Penh, Siem Reap, Sihanoukville, Krong, Koh Kong, and
Commerce of China, Mr. Mao Tianyu, introduced that, in recent which account for one fifth of total import volume. Petroleum, the northeast area involving Rattanak Kiri, Mondul Kiri,
years, under the framework of CAFTA, the economic and trade gold, iron, alumina, and other mineral resources have proved Stung Treng and other areas are attracting investment,
cooperation between China and Cambodia has showed a good to be reserved in Cambodia, but most of them hasn't entered a constructing and developing tourism area as well as
development momentum. In 2010, according to the import substantive stage of development. There also exist ample water tourism supporting facilities.
growth rate of China to ten ASEAN member countries, Cambodia power and tourism resource, however most of which are low in
ranked first. In 2010, non-financial direct investment of Chinese effective use, so the development space is huge. On the conference, Ms. Dai Yuee, General Manager of
enterprises to Cambodia rose 83% to $395 million year-on-year. Sihanoukville Special Economic Zone Co., Ltd, introduced
By the end of 2010, the cumulative non-financial direct investment Mr. Xu Ningning suggested that the key fields of investment the advantage of Chinese enterprises entering into
of Chinese enterprise to Cambodia was $1.028 billion and China in Cambodia to consider are rice mill factories, plantation Sihanoukville Special Economic Zone. Mr. Liu Zengxue,
the country where Cambodia's largest foreign investment came. of cassava and natural rubber, the development of livestock Vice General Manager of China International Water &
Mr. Xu Ningning said, on 14th Sep, 2011, the ADB report showed production and aquaculture, the exploitation and smelting of Electric Corp expressed the hope of actively walking
that this year the Cambodian economy shall increase by 6.8% mineral resources, tourism supporting facilities, etc. into Cambodia. Over 100 people including responsible
than previous forecast of 6.5%. In 2010, the Cambodian GDP persons of national business associations, relevant sectors
was $11.44 billion, an increase of 5.9%. Thereinto, agriculture Mr. Xu Ningning analysed further, in 2010, Cambodian of government, delegates of entrepreneurs, etc., total 100
accounted for 33.5%, industry 21%, and service industry 38.3%. government has issued the Policy for Promoting Rice people attended the conference.
Cambodia’s GDP per head was $792 and inflation per year was Production and Rice Exports, aiming to make Cambodia
3.1%. The trade volume of Cambodia grew by 11% to $10.47 become the major rice export country in the international (CABC, Sept. 16)
billion. Agriculture, garment industry, real estate and tourism are market, and to export 1 million tons of rice by 2015. However,
four economic mainstays in Cambodia. due to insufficient storage and low processing capacity, the rice
China-ASEAN Business Council Chinese Secretariat Page 13
CABC News & Events
Why Invest in Cambodia
Cambodia at a Glance Macroeconomic Stability
Land area : 181,035 sq.km. Growth averaged 10.6% the last five years and 9.3% the last decade; poverty fell from
Population: 13.4 Million (2008) 50% in mid-1990s to 30% in 2007;
Population growth rate : 1.54% International reserves increased to $2 billion, compared to $1 billion two years ago; it took
Stable political environment: elections every 5 years 13 years to increase from $100 million to $1 billion;
Stable macroeconomic environment Strong public confidence with improved supervision of the banking sector after a decade
GDP growth : 10.6% per annum last 5 years of institutional reforms, improved corporate governance and regulation.
GDP per capita : $731 (2009)
Exchange rate : US$ 1 = Riels 4,166 (December 2009) Pro-business Government
Inflation rate : 6% per annum last 5 years
Debt rating: B+ Government and Private Sector Working Groups
Government and Private Sector Forum
10 Reasons to Invest in Cambodia Private Sector is an Engine of Economic Growth
Easy Access to Government Officials
Macroeconomic Stability Competitive Investment Incentives
Competitive Investment Incentives Corporate Tax - 20%
One-Stop Service Investment Promotion Agency Tax Holiday Up to 9 Years
Access to World Market Special Depreciation
Investment Protection Full Import and Export Duty Exemption
Efficient Infrastructure and Strategic Location No Discrimination, No Nationalization
Sound Financial Sector No Local Participation Requirement
Abundant Resources, Labor, Land No Price Control on any products or services
No foreign exchange control
Political Stability No restriction on capital repatriation: free repatriation of the profit & free remittance of
royalty, interest, loan repayment, dividend, investment capital, etc.
Free and Fair Elections Every 5 Years: No trade restrictions
Senate : 2006 Long Term Land Lease
Commune Council : 2007
National Assembly : 2008 One-Stop Service - CDC/CIB
Provincial and District Council : 2009
Coalition Government Controls more than 2/3 Majority Information and Application
Decentralization and Deconcentration Evaluation and Approval
Prime Minister Hun Sen: Longest Serving Asian Prime Minister Customs Duty and Tax Exemption
Smooth Succession from H.M. King Norodom Sihanouk to H.M. King Norodom Visa and Work Permit
Sihamoni Company Registration
China-ASEAN Business Council Chinese Secretariat Page 14
CABC News & Events
Access to World Market Sound Financial Sector
Access to The U.S. Market in 1996 27 Commercial Banks
Access to The E.U. Market in 1996 6 Specialized Banks
Member of Association of South-East Asian Nations (ASEAN) in 1999 20 Micro-Finance Institutions
Member of the World Trade Organisation (WTO) in 2004 60 Micro-Finance NGOs
Member of Various Regional Trade Agreements 7 Insurance Companies
Capital Market Laws
Financial Leasing Law
Efficient Infrastructure/Strategic Location Low NPL Rate
Strong banking supervision-Prudent Reserve Requirement Level
Completed ASEAN Highway Linking Thailand, Cambodia, Vietnam
Completed ASEAN Highway Linking Cambodia, Lao PDR, China Abundant Resources, Labor, Land
Finished/ Upgrading National Road Network
Rehabilitating National Railways as Part of Singapore - Kunming Rail Link Oil and Gas
Upgraded Sihanoukville Port Minerals (bauxite, carbonate rocks, natural gas, gold, iron, manganese, petroleum,
Upgraded Phnom Penh Port phosphate, rock, salt, silica…)
Upgraded Phnom Penh, Siemreap, and Sihanoukville Airports Great Lake (Tonle Sap)
Finished Installing Fiber Optic Cable across the Country Beaches (more than 400km)
Building New Power Plants Monuments/ Heritage Sites
Hard Infrastructure Low Labor Cost - Dynamic Work Force
Rehabilitation of road infrastructures: Cambodia Investment Opportunities
550 km during 1993-97;
2,350 km during 1998-2003;; Agriculture and Agro – Industry
600 km during 2004-2007. Transportation and Telecommunication Sector
Telecommunications, especially mobile phones (9 mobile operators) and Internet Energy Sector
access increased by 50% a year; Labor Intensive Industries and Export Oriented Industries
4.3 million mobile subscribers (penetration 29%); Tourism Sector
40,000 fixed-line services; Human Resource Development
Special Economic Zones Oil & Gas and Mining
21 SEZs have been approved (Council for the Development of Cambodia)
4 SEZs are in operation
2 SEZs are being built
One Special Administration serves as Single Window for Import/Export
China-ASEAN Business Council Chinese Secretariat Page 15
Introduction of CABC
China–ASEAN Business Council is Establishment Aim and Function parties and provide all necessary helps.
one of the five main dialog cooperation 4. Strengthen the visit, personnel training
mechanisms between China and ASEAN. April, 1997, CCPIT and ACCI signed CABC's objectives are: and other sorts of communication of
Former Chinese Premier Zhu Rongji the cooperation memorandum together 1. Promote the enterprises'dialogues and enterpriser delegations in both sides.
attended the council’s inaugural meeting in Shanghai in order to prepare for the cooperation between China and ASEAN. 5. Offer law service including
in 2001. Since the council founded, it establishment of CABC. November, 6, 2001, 2. Maintain the trade and investigation intermediation and arbitration to make
has been working on China-ASEAN in the 5th China- ASEAN Leader Meeting, relations between China and ASEAN. the enterprises of the two parties can
trade and economic cooperation which China and ASEAN reached common ground 3. Promote the economic developments solve the trade dissensions effectively in
greatly promoted the establishment of on setting up China-ASEAN Free Trade Area. in ASEAN and China and the building of friendly atmosphere.
CAFTA and GMS Economic Cooperation November, 8, the establishment ceremony China-ASEAN Free Trade Area.
Program. and the 1st meeting of CABC were both held CABC fully plays the role of bridge
in Jakarta, Indonesia. The then Premier of In order to achieve the objectives above, and link to hold meetings with ASEAN
Plentiful Business Channels in ASEAN China Zhu Rongji and the then President of CABC has planed to take the following Secretariat, related China govenment
Indonesia Megawati attended the ceremony actions: departments and industry associations,
CABC consists of China Council for the and declared that CABC was officially 1. Offer the service of providing trade and relevant provincial and municipal
Promotion of International Trade (CCPIT), established. December, 2003, the 2nd meeting investigation information for its members. goverments. Those meetings includs
ASEAN Chamber of Commerce and of CABC was held in Kunming, Yunnan 2. Hold regular business forums, exchange C A B C M e e t i n g s , C A F TA F o r u m s ,
Industry (ACCI), the national business province. The then Premier of China Zhu sent the experience on trade and investigation Seminars on Pan-Bay Economic
leaders, well-known enterprisers and congratulatory letter specially. June, 2004, and discuss how to eliminate the obstacles Cooperation, East Asia Business Forum,
experts of members of ASEAN. the 3rd meeting was held in Yangon, the then hindering further cooperation in both China-ASEAN Economic and Trade
Premier of Myanmar attended the opening sides. Relations Forum and China-ASEAN
The coordinator of CABC in ASEAN is ceremony and made a speech. October, 2005, 3. Promote the exhibition held in two Business and Investment Summit etc.
ACCI. ACCI consists of ten representative the 4th meeting was held in Nanning, Guangxi
business chambers in ASEAN. They are province. China and ASEAN Industrial
Brunei National Chamber of Commerce and Commercial Circles signed Nanning
and Industry, Cambodia Phnon Penh Declaration of CABC. The 5th meeting is held
Chamber of Commerce & Industry, on November 7, 2008, in Bangkok, Thailand. November8,2001,the
establishment ceremony and
Indonesia Chamber of Commerce and As the aspect of promoting the economic the 1st meeting of CABC were
Industry, Laos National Chamber of and trade cooperation, the 5th meeting is both held in Jakarta, Indonesia.
Commerce and Industry, The National characterized as practicality pertinence and The then Premier of China Zhu
Chamber of Commerce & Industry of instruction. Rongji and the then President
of Indonesia Megawati attended
Malaysia, Union of Myanmar Chamber of the ceremony and declared that
Commerce and Industry, The Philippine China’s president in CABC is Mr. Wan Jifei CABC was officially established.
Chamber of Commerce and Industry, who is also the president of CCPIT. The The meeting ended successfully.
Singapore Busi-ness Federation, The executive general secretary of CABC Chinese
Federation of Thai Industries and Vietnam Secretariat is Mr. Xu Ningning, a famous
Chamber of Commerce and Industry. ASEAN business expert of China.
China-ASEAN Business Council Chinese Secretariat Page 16