Cambodia is a developing market economy that grew at an average rate of over 10 percent from 2004 to 2007, driven largely by an expansion in the garment sector, construction, agriculture, and tourism.
Cambodia‘s rapidly expanding tourism industry is led by the spectacular cultural attraction of Angkor Wat. Tourism has increased more than eleven-fold since 1998 when Cambodia received a modest 187,000 tourists, with the number of foreign arrivals exceeding 2 million in 2009.
Despite rapid growth in garments and tourism, Cambodia remains an agrarian society, with the agriculture sector employing approximately 80 percent of Cambodia‘s population. Donors have been a driving force behind the development efforts of Cambodia with financial support accounting for at least 50% of the government budget. The U.S. is one of Cambodia‘s largest donors and official U.S. assistance amounted to over $62 million in 2009, up from $36 million in 2002.
Foreign investment in Cambodia has increased significantly since 2004 led by Asian investors from countries such as Malaysia, China, Korea, Thailand, and Vietnam. Approved investment proposals by the Council for the Development of Cambodia surpassed $11 billion in 2008. The Cambodian government currently offers a generous package of incentives to foreign investors and imposes few restrictions on imports from abroad.
Cambodia joined the International Organization for Standardization (ISO) in 1995 and is also a member of the ASEAN Consultative Committee on Standards and Quality (ACCSQ). Cambodia ratified the ASEAN Framework Agreement on Mutual Recognition Arrangements. It has also signed numerous trade agreements, including the U.S.-Cambodia Trade and Investment Framework Agreement (TIFA) in 2006, which facilitates and promotes greater trade and investment of the two countries and provides a forum to address bilateral trade and investment issues. Two successful meetings were held under the TIFA in 2007 in which the U.S. and Cambodian governments discussed WTO accession requirements, trade facilitation and economic development initiatives, and progress on intellectual property rights. In 2008, several bilateral working level meetings were held to advance the TIFA agenda. Additional information on trade agreements can be found at:
Cambodia offers potential investment opportunities in tourism infrastructure and resorts; education; architecture, construction, and engineering services; household goods and appliances; agribusiness and food processing; used cars and automotive parts; power generation equipment; fast food and beverage franchises; pharmaceuticals, medical supplies, and medical equipment; and banking.
For more details on Doing Business in Cambodia, read the Cambodia Country Commercial Guide, please select the link below:
For events information, visit www.export.gov/tradeevent.html.
United States Embassy Phnom Penh
Cambodian Mailing Address: #1, St. 96, Phnom Penh, Cambodia
U.S. Mailing Address: Box P, APO AP 96546
U.S. Commercial Service,
U.S. Embassy, Bangkok
GPF Witthayu Tower A, Suite 302,
93/1 Wireless Road Bangkok 10330
For more information on Intellectual Property Rights Protection in Cambodia, contact:
Peter N. Fowler
Regional IP Attaché
U.S. Patent and Trademark office
U.S. Embassy Bangkok
GPF Witthayu Tower A, Suite 302,
93/1 Wireless Rd., Bangkok 10330, Thailand
Tel:  205-5913
Fax:  255-2915