Created on Monday, 29 April 2013 06:44
I would like to start my column this week to thank the many Cambodians who have sent their condolences to me regarding the terrible bombing in the city of Boston, Massachusetts.
As a person who has a family Se thread in Boston this tragedy really brought me troubled, and like you, I'm sorry for those who lost their loved ones, and wish the injured speedy improvement.
As President Obama said, we would like to express deep gratitude to the authorities who arrested people who were believed to be responsible for this crazy quickly. Through all these events, as in the rest of America, Boston remained watchful and still hold on the values of our nation.
For this week's column, I would like to answer a question relating to trade relations between Cambodia and the United States. I received a question from Sirivudh who asked, "Why is the United States lowered import duties on textiles?".
Textile-1 is the main export commodity of the country, so I understand the interest in this expanding sector. The United States buys more than 40 percent of export goods, textiles (GDP) of the country, which is about 20 percent of the country's gross domestic product. Today, an estimated 150,000 jobs in the country dependent on exports of garments to the United States. In addition to economic gains from its exports of the country can expand its economic diversity by creating an environment for jobs and skills needed to provide a higher salary. This type of job creation in developing countries usually require foreign investment.
According to the report, some US companies with more than 5 million US dollars suite and waiting to invest. If the country can attract only a tiny portion of this money for foreign direct investment, the future of the economy will improve quickly.
Whether the country can compete with other developing countries to have foreign direct investment of the United States? The key to increased investment is to create a business environment that is more attractive. Cambodia has made progress in many sectors, such as introduce fees of the state on the Internet, but as a small country in the region that are very competitive country can give environment investment to attract more than its neighbors. It reminds me to remember a strategy the company's rental car largest 2nd in the United States is firm Avis Car Rental When asked if the company do to be able to compete with larger its chairman Avis said, "Our efforts to make more."
US efforts to help expand our economic relations. I traveled to Bangkok and Singapore, where I met with some US businessmen to discuss the possibility of exports and trade opportunities in the country. On May 1, I will hold a "seminar on the Internet" with the participation of the US Chamber of Commerce, which will make many American businessmen to discuss the benefits and challenges of doing business in the country.
I will let them know that besides the encouragement to do business in the Kingdom of Cambodia, the working age youth and a lot of natural resources that is attractive to many investors. While many countries in Southeast Asia have a saturated market, and that the country may have more growth. The country can offer much to the US companies that are looking to start a business in a new market.
Our goal is to encourage more investment from the United States, which will help to create jobs that offer higher wages. This will further help to reduce the vulnerability of the Cambodian people because labor trafficking. When they have a salary that allows a decent living in their country, they do not need to rely dishonest brokers who brought him out of the country illegally. Recently, I met with a group of youth interesting in Siem Reap that our partnership with youth activities, and they almost all have known people who were recruited to work illegally abroad. One of the best ways to combat labor trafficking is providing decent jobs that offer higher wages in the home country through foreign investment. I believe that we can all "more efforts" in the country to attract foreign direct investment. As I have heard so far, "Can anything good to those who wait, but only what is left by those who hustle purposes only."
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