The Canadian Chamber of Commerce in Cambodia (CanCham) has officially relaunched its business and advocacy activities hosting a networking night in Phnom Penh attended by both the Canadian business and diplomatic community.
Frédéric H. Proulx CanCham President told Cambodia Investment Review during the event that it has been quiet for the past few years for ‘obvious reasons’, however, now that life is returning to normal in the Kingdom, we feel that the timing is right.
The beginning of a new era for CanCham
“This event is an opportunity for us to make several announcements including the introduction of new board members, and a community app and podcast. Through these initiatives, we will make it easier for Canadians in the kingdom to connect physically and digitally,” Frédéric said.
“Please join us for a get-together that will mark the beginning of a new era for CanCham. We are securing now the partnership and will establish the activity list for Q1 2023 soon. We will launch the Canadian workshop as well to discuss of the orientations for the CanCham and advance Canadian companies agenda in mid-January,” he added.
Mr. Jan Scazighino, Chargé d`Affaires at Office of the Embassy of Canada told Cambodia Investment Review that the Embassy of Canada is happy to see the plan for activities in 2023 and will attend and add in value where it can.
CanCham current board members include:
- Pierre Olivier Gagne
- Jean François Laflamme
- Frédéric Proulx
- David said
- Linda Phou
*Two new seats on the board of directors will be open in the next election process starting very soon.
Canadian direct investment hits $1.3 billion in 2021
According to the Government of Canada Canada’s bilateral merchandise trade has grown consistently and was valued at more than $1.82 billion in 2021. Cambodia benefits from Canada’s Market Access Initiative for least developed countries, which allows qualifying states quota-free and duty-free access to the Canadian market. Canada is one of Cambodia’s top export destinations.
Canada’s merchandise exports to Cambodia were valued at $38.5 million in 2021, with key sectors being motor vehicles and parts, fur skins and artificial fur, and machinery. Merchandise imports from Cambodia reached $1.78 billion in 2021. Canadian direct investment in Cambodia totaled $1.3 billion in 2021.