Cambodia is actively expanding into international markets, seeking new investment and trade opportunities. On October 12, Cambodian Prime Minister Hun Manet attended the Cambodia-Azerbaijan Business Forum in Baku, the capital of Azerbaijan, and delivered a keynote speech, welcoming Azerbaijani investors to visit Cambodia, explore the market and identify business opportunities, and promoting tangible outcomes in bilateral economic and trade cooperation.
The forum was co-organized by the Cambodia Chamber of Commerce, the Cambodian Ministry of Commerce and the Azerbaijani Ministry of Economy, attracting 107 representatives from 90 Azerbaijani companies. It focused on expanding trade, investment and corporate cooperation.
Hun Manet said there remains significant potential for economic cooperation between Cambodia and Azerbaijan. Geographic distance should not become an obstacle to collaboration, and the two sides should strengthen business exchanges and promote business visits, strategic partnerships and concrete investment projects.
He stressed that the Cambodian government welcomes foreign investors into the domestic market and is committed to creating a more favorable investment environment for investors through relevant support mechanisms and guidance.
On cooperation areas, the two sides can further explore opportunities in industrial production, agriculture, energy, tourism, education, transport and digitalization, leveraging their respective strengths to expand mutually beneficial collaboration.
During the forum, the Cambodia Chamber of Commerce and the Azerbaijani Chamber of Commerce and Industry exchanged a memorandum of understanding on cooperation, providing a platform for enterprises of the two countries to strengthen ties, find partners and advance joint projects.
Hun Manet expressed hope that the forum could translate into more concrete investment and business cooperation, further deepening Cambodia-Azerbaijan economic and trade relations and creating new development opportunities for businesses in both countries.