Cambodian Journalists Alliance Association

Business

A general view of Phnom Penh city from Tonle Sap on January 2, 2025. (CamboJA/ Pring Samrang)

Gov’t Prepares for Least Developed Country Exit Amid Job Loss, Economic Concerns

Cambodia is set to graduate from the United Nations’ Least Developed Countries (LDC) status in 2029, marking a significant achievement in its socio-economic progress. However, this transition brings challenges, including the withdrawal of key benefits such as preferential trade agreements and concessional financing. Experts have thus suggested that Cambodia reform to ensure sustainable growth.
Cambodian Prime Minister Hun Manet meets with French President Emmanuel Macron in Paris, France on January 16, 2024. (Hun Manet’s Facebook)

Hun Manet Eyes Business Opportunities In France During First Official Visit

Prime Minister Hun Manet met with President Emmanuel Macron Thursday at the Élysée Palace on the first day of his official visit to France, where he emphasized possibilities for economic collaboration between the two countries. The visit comes at the end of a week-long trip to Europe, his first as Prime Minister, which also included meetings with French business leaders and a stop in Switzerland for the annual World Economic Forum.