PHNOM PENH, July 26, 2012 (Xinhua) -- Cambodian and Thai officials met here
on Thursday afternoon to discuss possibilities to re- boost investment
cooperation after it had been suffered from border conflict since 2008.
The meeting was co-chaired by Kong Vibol, vice-chairman of the Council for the Development of Cambodia, and Hirunya Suchinai, senior executive investment advisor of Thailand's Board of Investment.
Speaking at the meeting, Kong Vibol said that since 1993, Thailand had been one of the largest investors in Cambodia, but it has been overtaken by China, South Korea and Vietnam in recent years because of the border conflict.
He said that currently, Thailand is the eighth largest investor in Cambodia with 746 million U.S. dollars.
"As now, the situation has returned to normal, it is the time for both sides to restore confidence for investors," he said.
Meanwhile, he also introduced Thai delegates with the country' s investment potential, especially in the fields of agriculture, agro-industry, infrastructure, labor-intensive industry, export industry, oil, gas and mining, as well as tourism.
Hirunya Suchinai said her delegation comprised of 30 members from various ministries in order to promote cooperation between Thai and Cambodian investment officials and to learn about Cambodia's investment policy and potential sectors.
Cambodia and Thailand has border conflict just a week after the UNESCO approved Cambodia's bid to have the Preah Vihear temple named a World Heritage Site on July 07, 2008, but Thailand claims the ownership of 4.6 square kilometers (1.8 square miles) of scrub next to the temple.
The conflict led to deadly armed clashes in February and April 2011 during Thailand's Democrat Party rule.
However, the military tension has eased since the Pheu Thai Party, led by ousted Thai Prime Minister Thaksin Shinawatra's youngest sister Yingluck Shinawatra, came to power in last August.
The meeting was co-chaired by Kong Vibol, vice-chairman of the Council for the Development of Cambodia, and Hirunya Suchinai, senior executive investment advisor of Thailand's Board of Investment.
Speaking at the meeting, Kong Vibol said that since 1993, Thailand had been one of the largest investors in Cambodia, but it has been overtaken by China, South Korea and Vietnam in recent years because of the border conflict.
He said that currently, Thailand is the eighth largest investor in Cambodia with 746 million U.S. dollars.
"As now, the situation has returned to normal, it is the time for both sides to restore confidence for investors," he said.
Meanwhile, he also introduced Thai delegates with the country' s investment potential, especially in the fields of agriculture, agro-industry, infrastructure, labor-intensive industry, export industry, oil, gas and mining, as well as tourism.
Hirunya Suchinai said her delegation comprised of 30 members from various ministries in order to promote cooperation between Thai and Cambodian investment officials and to learn about Cambodia's investment policy and potential sectors.
Cambodia and Thailand has border conflict just a week after the UNESCO approved Cambodia's bid to have the Preah Vihear temple named a World Heritage Site on July 07, 2008, but Thailand claims the ownership of 4.6 square kilometers (1.8 square miles) of scrub next to the temple.
The conflict led to deadly armed clashes in February and April 2011 during Thailand's Democrat Party rule.
However, the military tension has eased since the Pheu Thai Party, led by ousted Thai Prime Minister Thaksin Shinawatra's youngest sister Yingluck Shinawatra, came to power in last August.
Editor:
Wang Yuanyuan
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