Thai products, franchise draw much attention in Cambodia

BANGKOK, May 21 (TNA) – Thai products and franchises have drawn a lot of attention from local people and businesspersons in Cambodia since their quality is recognised, according to Deputy Commerce Minister Oranuj Osathanont.

Speaking after attending Thailand Exhibition 2007 Fair in the Cambodian capital of Phnom Penh, she said the event is being held for the 13th year during May 18-22 in which 144 Thai producers and distributors open 216 exhibition booths.

Their products including foods and drinks, building materials, machinery, cosmetics, OTOP goods, and spas, are of much interest to Cambodian people who recognise their quality.

Mrs. Oranuj also presided over the opening of the Thailand Franchise Day Fair in which 11 Thai franchisers in foods and drinks and spa businesses participate to give information to and negotiate with Cambodian people interested in joining the franchise business.

She said many visitors had sought details of the businesses, which fares well for Thai businesses in Cambodia.

Cambodia’s Senior Minister and Commerce Minister Chom Prasith said Phnom Penh was ready to open up for foreign investment.

At present, Cambodia has enjoyed a political stability with the economy growing 13.4 per cent last year and the inflation rate staying at 6 per cent.

It is expected the economy would expand 7 per cent this year with the inflation rate of 4 per cent. The country is ready to gradually reduce import tariffs of many products to zero in 2018 under the trade negotiation framework. (TNA) – E005