Cambodia builds on Shenzhen’s experience to develop Special Economic Zones

Cambodia builds on Shenzhen’s experience to develop Special Economic Zones

PHNOM PENH, 09 May 2018 – The Council for the Development of Cambodia (CDC) and the United Nations Industrial Development Organization (UNIDO) hosted a high-level delegation from the Shenzhen Foundation for International Exchange and Cooperation (SFIEC) to share experiences on the development of the Shenzhen Special Economic Zones (SEZs) and to explore investment opportunities in education, trade, commerce, agro-industry and infrastructure.

“With the support of Shenzhen, we will improve our understanding of challenges and opportunities in developing SEZs, especially for Sihanoukville, and to support Cambodia’s Industry Development Policy (IDP); this will greatly enhance our cooperation with China,” said Nut Unvoannra, Deputy Secretary General of the Cambodia Investment Board, who chaired the meeting. The event brought together key Cambodian ministries and stakeholders with public and private representatives from the city of Shenzhen, which is located in the South of China, who also explored investment opportunities in of education, trade, commerce, agro-industry and infrastructure.

“We are very happy to share our successful experience with the Royal Government of Cambodia: through the development of Special Economic Zones, Shenzhen managed to achieve prosperity and a sustained economic growth for which we needed to implement a number of key measures such as a business environment reform, opening up to market reforms, and innovation,” said TAO Yitao, Vice-Secretary of the Shenzhen University’s Communist Party of China (CPC) and SFIEC Vice-President.

UNIDO Country Representative Sok Narin highlighted the importance of information and knowledge sharing, especially on SEZs and related investment promotion activities as they directly pertain to one of the key intervention areas of the Programme for Country Partnership (PCP), which is jointly implemented by the Royal Government of Cambodia and UNIDO.

For more information contact:

Narin SOK

UNIDO Country Representative Cambodia

M: 012 75 73 27 or

Email

About UNIDO

UNIDO is the specialized agency of the United Nations that helps developing countries achieve inclusive and sustainable industrial development. In Cambodia, UNIDO provides assistance in key areas of environmental management, energy and trade capacity building. In particular, UNIDO works with the Ministry of Industry and Handicraft, the Council for the Development of Cambodia, the Ministry of Mines and Energy, the Ministry of Commerce, the Ministry of Environment, the Ministry of Labour and Vocational Training as well as the Ministry of Agriculture, Forestry and Fisheries.

PCP Cambodia

The Programme for Country Partnership Cambodia is a new platform to synchronize development efforts and to mobilize resources in order to generate a greater impact from Cambodia’s Industrial Development Policy. It has identified intervention areas in support of sustainable tourism, agro and creative industries value chains, and industrial diversification and Special Economic Zone development.

SFIEC

The Shenzhen Foundation for International Exchange and Cooperation (SFIEC) is the only private foundation that is run by China’s government and aims at advancing international exchange and cooperation of the City of Shenzhen, which is managed by Shenzhen Foreign Affairs Office. It has developed and funded a total of 60 projects, promoting over 240 events of international exchange in 28 cities from 20 countries in 6 continents which covered 8 different areas including trade and commerce, science and technology, education, culture, art, environmental protection and sister-city relation management.