Friday, July 20, 2007

Japanese business leaders keen on investing in Cambodia

Friday July 20, 2007

(Kyodo) - A Japanese government official said here Friday that Japanese companies are interested in making investments in Cambodia's natural resource sector.

Hirotoshi Kunitomo, director of the International Projects Office, Manufacturing Industries Bureau, of the Japanese Economy, Trade and Industry Ministry, spoke to Cambodian journalists at a roundtable discussion organized by the Club of Cambodian Journalists.

Kunitomo, a member of a 35-strong Japanese business delegation, said that in a meeting Tuesday with Cambodian Prime Minister Hun Sen, the two sides agreed to promote business cooperation between the two nations.

Members of the delegation were interested in making investments dealing with oil and gas, bauxite, garments, leather and foodstuffs, Kunitomo said.

The delegation was headed by METI Deputy Minister Kozo Yamamoto.

The mission is one of the outcomes of the recent signing of the Agreement for the Liberalization, Promotion and Protection of Investment between the prime ministers of Japan and Cambodia during Hun Sen's visit to Japan in June.

The delegation was to head back for Japan later Friday.

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