Advantages of The Poipet O'Neang Special Economic Zone

Advantages of the Poipet O'Neang Special Economic Zone

As a member of the World Trade Organization and a Least Developed Country, exports from Cambodia enjoy many benefits:

  • The EU Generalized Scheme of Tariff Preferences (GSP) gives Cambodia exemptions on import duties to 28 Nations for all products except arms
  • MFN Status gives Cambodia exemptions on import duties to the US for more than 7,000 items
  • Exemptions on import duties to China for 413 items
  • Cambodia also has bilateral trade agreements with 20 countries and is working towards 8 others

As a member of ASEAN you have access to:

  • 230 million consumers in the Greater Mekong Sub-region (GMS)
  • 550 million consumers in ASEAN
  • ASEAN Free Trade Agreement (AFTA) to be fully implemented by 2010

 

Other reasons to invest in the POSEZ

  • ASEAN Highway will provide easy access to the POSEZ and is scheduled to be complete in 2008
  • ASEAN Railway will connect China, Cambodia, Vietnam, Laos, Thailand, Myanmar, Malaysia and Singapore
  • New Cambodian-Thai border checkpoint will mean that all imports and exports from and to Thailand must pass through the PO- SEZ
  • The POSEZ has strong support from both the Cambodian Ministry of Commerce and Thai Ministry of Commerce
  • The POSEZ has been given strong support from the Prime Minister Hun Sen himself in a meeting on 18 January 2005
  • Cambodia has a very young and inexpensive labor force
  • Land lease prices are much cheaper than in neighboring countries
  • Poipet is only 155 kilometers from a world class tourist destination; Angkor Wat is one of the Seven Wonders of the World
  • The Holiday Airport will be located just south of the Industrial Zone and construction will begin as soon as the ASEAN Highway is complete

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