Doing Business in Cambodia Guides. ASEAN, AEC. Learn from the Cambodia Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Cambodia Franchise & Business Opportunities and other small business and SME entrepreneurship news. Cambodia represents a fantastic opportunity for Western businesses. With its abundant unexploited natural resources, young and energetic work force, tariffs that are favorable to European companies and flourishing market for high-value goods. Cambodia is still one of the world’s poorest economies but is a rapidly developing country, driven largely by an expansion in the garment, construction, agriculture, and tourism sectors. Cambodia has a very open investment policy and real opportunities for creative entrepreneurs and dynamic businesses.
Doing Business in Cambodia Guide
Cambodia has experienced rapid economic growth over the last decade. Cambodian gross domestic product (GDP) grew at an average annual rate of over eight percent between 2000 and 2010 and over seven percent since 2011. It is expected to continue to grow at a similar rate over the next two years. Cambodia, however, remains one of the poorest countries in Asia. The country is still reliant on foreign aid, with donor support equivalent to approximately 39 percent of the government’s budget in 2014. Despite the strong performance of the garment, tourism, and construction/real estate sectors, Cambodia remains an agrarian country. Approximately 80 percent of the Cambodian population is involved in agriculture on a full-time or part-time basis. The United States is Cambodia’s largest trading partner – primarily garment and footwear products. Learn more from Cambodia Business Guide provided by ExportGov from the US Government.