The Kingdom’s apex trade body on October 31 reaffirmed that it would host the ASEAN Business and Investment Summit (ABIS) 2022 on November 9-10 in the capital, in collaboration with the ASEAN Business Advisory Council (ASEAN-BAC).

The ABIS is a major event in Southeast Asia – attended by presidents, prime ministers, businesspeople and experts from ASEAN countries and dialogue partners – that offers the business community a chance to directly discuss regional challenges with national and corporate leaders, the Cambodia Chamber of Commerce (CCC) said in a press release.

This year’s mixed format edition is expected to see “more than 1,000” participants, it noted.

CCC vice-president Lim Heng commented that the annual ABIS, like other important events scheduled in the country, was able to return this year following a Covid-19 hiatus – a fact he attributed to successful pandemic management.

He confirmed that the summit will be led by CCC president and ASEAN-BAC rotating chairman Kith Meng, and feature an opening keynote address by Prime Minister Hun Sen.

ABIS 2022 represents an important avenue for Cambodia to showcase its potential and opportunities to regional and international businesspeople, many of who are set to accompany top leaders from the US, China, Canada, South Korea and Russia, Heng underscored.

He recommended highlighting the positive aspects of investing in the Kingdom, including its peaceful and secure environment, fairly high levels of political stability and development, and incentives offered by the domestic investment legal framework and free trade agreements with countries like China and South Korea.

Royal Academy of Cambodia economics researcher Ky Sereyvath said ABIS 2022 could highlight demand, leading to new entryways into unexplored markets and an uptick in mutual investment flows.

He also claimed that the Kingdom has solidified its position as an attractive investment destination amid the ongoing shifts in global production chains.

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Author: Yuth Vireak

Source: The Phnom Penh Post

Publication date: 31 October 2022