ADB lauded Cambodia’s efforts in preparations for the ASEAN Economic
Community (AEC) in 2015. Cambodia is preparing well for the establishment of
AEC by end 2015, but needs to step up reforms to improve the transparency and
reliability of its regulatory systems to encourage more investment.
In order to take advantage of the opportunities presented by the AEC,
Cambodia needs to invest more in education and health. Apart from directly
reducing social and asset inequities, this will produce a workforce more able
to actively participate in the growth process and adapt to structural changes
that result directly from the AEC.
Finally, to lessen its reliance on garments, and to increase trade
linkages with ASEAN countries, Cambodia will have to diversify its export
commodity base. Agricultural products, tourism and modern services all
represent areas of opportunity that the AEC presents.
Source:
http://www.akp.gov.kh/?p=44445
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