I take great pleasure in introducing to you one of Cambodia's first Special Economic Zones (SEZ): the Poipet O'Neang Special Economic Zone (POSEZ). The POSEZ is an ambitious development project that will include an Industrial Zone, Commercial Zone and Dry Port in an area covering more than 500 hectares, with an infrastructure that meets international standards. One of the greatest attractiveness of the POSEZ is its strategic location next to the Cambodia-Thai border, at less than 3 hours drive to the port of Laem Chabang. In the very near future this place will be accessible by a good highway, by rail (as part of the Singapore-Kunming Rail Link) and by air (once the Holiday Airport is constructed).
After many years of war and internal conflict, Cambodia is now a country in the making, and a very safe and stable destination for foreign direct investments. Its attractiveness lies in 4 key-factors: a relative political stability, a decade-long macro-economic stability (13.4% GDP growth in 2005), a sound and predictable legal framework, and Cambodian exports
enjoying duty-free access to the markets of most of developed countries (European Union, Australia, Canada, new Zealand, Norway…) and for over 7,000 tariff lines to the US market. Not talking about other comparative advantages, Cambodia is also the only Least Developed Country in the region to be well positioned to maximize its trade preferences deriving from this LDC status.
On top of this, the POSEZ will be administrated in the most streamlined procedure possible, with single window Customs clearance… Investments in the POSEZ will be decided by and at only one level: a SEZ Committee chaired by the Prime Minister of the Royal Government of Cambodia H.E. Samdech HUN SEN himself. Bold reforms in trade facilitation recently undertaken by the Royal Government of Cambodia are aimed at enhancing Cambodia\'s competitiveness. Cambodia\'s Law on Investments is also one of the most liberal in the region. What else are you looking for?
Based on the above facts, I invite you all to come to the Kingdom of Cambodia, home of one of the 7 Wonders in the World: Angkor Watt Temple. Let the Poipet O'Neang Special Economic Zone be your gateway to the world. Invest in it!
Look forward to hearing from you soon,