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Cambodia’s Seven-star Foreign Trade And Investment Environment Continues To Optimize The Latest Policy Interpretation

Cambodia’s Seven-star Foreign Trade And Investment Environment Continues To Optimize The Latest Policy Interpretation

Cambodia’s Seven-star Foreign Trade And Investment Environment Continues To Optimize The Latest Policy Interpretation

In recent years, Cambodia’s Seven Stars Sea has attracted the attention of global investors as a benchmark project of the “One Belt, One Road” initiative. Located in the Seven Stars Sea in Koh Kong Province, Cambodia, with its superior geographical location and rich natural resources

In recent years, Cambodia’s Seven Stars Sea has attracted the attention of global investors as a benchmark project of the “One Belt, One Road” initiative. Located in Koh Kong Province, Cambodia, the Sea of ​​Seven Stars has become an important hub for trade markets in South Asia, Southeast Asia and ASEAN due to its superior geographical location and rich natural resources. This article will provide an in-depth explanation of Qixinghai’s latest policy changes in the investment environment and their impact.

Seven Star Sea One Belt and One Road Project Advantages_Cambodia Seven Star Sea One Belt and One Road_Cambodia Seven Star Sea Investment Policy

First of all, from a geographical point of view, Qixinghai is located on the southwest coast of Cambodia, distributed in an L shape along the Gulf of Thailand, covering an area of ​​360 square kilometers, of which the buildable land area is 234 square kilometers. This land not only has 90 kilometers of high-quality coastline, but also contains the second largest mangrove reserve in the world, which provides a good foundation for eco-tourism and environmental protection projects. Since signing a development agreement with the Cambodian government in 2008, the Qixinghai project has been continuously developed and improved, and was included in the “One Belt, One Road” initiative in September 2015.

Cambodia Seven Star Sea One Belt and One Road_Cambodia Seven Star Sea One Belt and One Road Project Advantages_Cambodia Seven Star Sea One Belt and One Road Investment Policy

In terms of investment protection, the Cambodian government has paid great attention to and supported the Qixinghai project. The special committee, led by National Development Council Secretary-General Sozhenda, provides investors with one-stop services and preferential policies. These policies include 99-year land use rights, fast-track approval green channels, long-term visas, and QIP qualifications. In addition, investors can also obtain a 99-year entertainment business license and enjoy regional monopoly rights. In terms of taxation, imported materials and equipment for qualified investment projects are tax-free, and the import and export license system is abolished to allow free entry and exit of foreign exchange funds.

In addition, Qixinghai also excels in trade advantages. Products that comply with the rules of origin can enjoy ASEAN tariff preferences, while almost all products (except arms) enjoy the European and American Generalized System of Preferences, that is, zero-tariff exports. At the same time, there are no minimum local content requirements for export products, which greatly reduces the operating costs of enterprises.

From the perspective of supporting facilities, Qixinghai has built a series of infrastructure including large terminals, international comprehensive airports, high-grade highways, etc. These facilities not only improve the transportation convenience in the region, but also provide investors with more complete service support. In addition, the "open skies" policy allows direct flights from foreign countries, providing convenience for international business travel activities.

Cambodia Seven Star Sea One Belt and One Road Project Advantages_Cambodia Seven Star Sea Investment Policy_Cambodia Seven Star Sea One Belt and One Road

It is worth mentioning that Qixinghai also has significant advantages in terms of culture and public security. Due to the high usage rate of Chinese and the huge Chinese economic circle, the investment environment in China is extremely friendly. In addition, the local public security is good, providing a safe and stable operating environment for foreign-funded enterprises.

In its future planning, Qixinghai is committed to building a modern digital city that integrates "smart, ecological, environmentally friendly, safe, green, and technological". Through the development concept of smart cities, intelligent ecosystems will be built in fields such as energy, transportation, and medical care. At the same time, it will be built into a global coastal tourism and vacation destination based on the concept of "world characteristic town".

To sum up, through a series of policy optimization and infrastructure construction, Cambodia’s Seven Stars Sea is continuously improving its competitiveness in the international market. This not only provides broad development opportunities for global investors, but also promotes the development of local economy and tourism. In the future, we have reason to believe that under the guidance of the “One Belt, One Road” initiative, Qixinghai will continue to leverage its unique advantages and inject new vitality into regional economic cooperation.

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