English-Khmer language newspaper the Mekong Times revealed July 3 2008, that a trade pact between Japan and Cambodia has finally been signed, after almost a decade of negotiation. The paper quoted a Japanese Embassy statement as saying: "Diplomatic notes on the trade pact, labelled the Agreement for the Liberation, Promotion and Protection of Investment, were exchanged between the two nations in Phnom Penh on July 1 and will come into force on July 31".
A further quote from the statement read: The agreement is expected to "improve Cambodia's investment environment and further strengthen the economic relationship between the two countries." According to the Mekong Times, Cambodia hopes the deal will bring investment from the Japanese government, adding that the Japanese president has visited Cambodia 15 times. Japan is the world's second largest economy, but lags behind the rest of Asia in terms of investment.
A further quote from the statement read: The agreement is expected to "improve Cambodia's investment environment and further strengthen the economic relationship between the two countries." According to the Mekong Times, Cambodia hopes the deal will bring investment from the Japanese government, adding that the Japanese president has visited Cambodia 15 times. Japan is the world's second largest economy, but lags behind the rest of Asia in terms of investment.
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