EU investment in Cambodia remains small

PHNOM PENH -  European investment in Cambodia has remained small since 2005 even though it is the second largest market for Cambodia exports, the EU ambassador says.

"Overall, EU investments have represented a very small share of total foreign investments, around 5-7 percent," Ambassador Jean-François Cautain told The Cambodia Herald.

Cautain noted that the Council for the Development of Cambodia (CDC) approved $472 million worth of investment projects from EU member states between 2005 and 2010. 

In the first six months of  2010, 7.4 percent of all CDC-approved investment projects originated from EU member states compared with 0.5 percent from the United States and 50.6 percent from China.

Trade figures for 2011 show that exports to the EU  amounted to $1.3 billion, making Europe the largest market for Cambodia's exports after the United States which imported more than $2 billion worth of goods from Cambodia last year, mainly clothing and footwear. source

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