Cambodia aims to become an upper middle-income country by 2030, having achieved lower middle-income status in 2015. The Royal Government of Cambodia has embraced economic and market diversification and integration as a pathway to this prosperity. The Cambodia Trade Integration Strategy 2019–2023 of the Ministry of Industry, Science, Technology and Innovation establishes a strong link between trade and poverty reduction, gender equality and inclusivity.
CAPRED helps the Royal Government of Cambodia to leverage existing and upcoming free trade agreements, including the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement. Cambodia also has free trade agreements with China and the Republic of Korea, and takes part in the Association of Southeast Asian Nations (ASEAN) and the World Trade Organization.
CAPRED is working with firms along the value chain to promote Cambodia’s exports. We are assisting with export and branding strategies and identifying priority investments.
CAPRED supports Cambodia to develop a national quality infrastructure policy and strengthen quality infrastructure systems in the agriculture and food export sector. We are building capacity in the public and private sectors to implement standards, accreditation, metrology and conformity assessments. We also advocate to streamline and reduce costs and promote private sector participation.
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Cambodia’s growth has been heavily reliant on foreign direct investment, particularly from China. As investment capital becomes scarcer, Cambodia must look at other streams, such as green finance.
CAPRED focuses on supporting national-level policies and legal and regulatory frameworks. Other investments are in our main work areas such as agriculture, climate resilience and infrastructure services.
The 2021 Investment Law offers incentives such as income tax and customs duties exemptions and will significantly engage women, people with disability and marginalised groups in trade and investment. CAPRED provides technical support to develop an implementation roadmap and increase awareness of the new law on investment.
CAPRED continues to support the Agri-Food Investment Desk (AFID) to develop proactive investment strategies and target investors. In 2023, CAPRED facilitated a successful AFID study visit to Australia. CAPRED also works to prepare small and medium-sized enterprises (SMEs) for investment readiness and opportunities.
CAPRED is building capacity in data collection on agriculture, particularly for the evidence base or business case for gender equality, disability and social inclusion (GEDSI) in agro-processing, trade and investment.
CAPRED is working with local SMEs to upgrade their investment readiness, strengthen their business governance and financial compliance, and match them with potential investors and investment funds through AFID.
CAPRED is also supporting the Royal Government of Cambodia to develop a user-friendly online process to streamline business registration. Nearly 90% of Cambodian enterprises are micro, small and medium-sized enterprises. While these estimated 500,000 enterprises generate 70% of all employment, only 5% are formally registered. The process for registration is costly and complicated, with ongoing fees and licencing requirements. Registration is necessary, however, to access loans and import and export licences, and to establish a brand.
CAPRED offers several funding rounds and grant opportunities each year. They are
primarily open to businesses and organisations within Cambodia, in line with our
program
activities.
Rounds follow competitive processes with all applicants given similar consideration.
CAPRED offers several funding rounds and grant opportunities each year. They are
primarily open to businesses and organisations within Cambodia, in line with our
program
activities.
Rounds follow competitive processes with all applicants given similar consideration.
CAPRED offers several funding rounds and grant opportunities each year. They are
primarily open to businesses and organisations within Cambodia, in line with our
program
activities.
Rounds follow competitive processes with all applicants given similar consideration.
See our latest resources from across the CAPRED program.
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This publication has been funded by the Australian Government through the Department of Foreign Affairs and Trade.
Cambodia has ambitious renewable energy plans, which includes 70 per cent of its energy coming from renewable sources by 2030. Australia is committed to working with Cambodia to support its clean energy transition and meet its goals. Recently, Australia supported a delegation to visit Australia to learn about our experience in integrating variable renewable energy. We spoke with Dr Darith, Deputy Chief of the National Control Center at Electricité du Cambodge, who was part of the delegation to hear about his experience. Check out what he had to say about the visit.
Small and medium-sized enterprises (SMEs) account for 70% of jobs in Cambodia. However, only about 13% are formalised, hindering productivity, access to finance and markets, and government support. Australia, through the CAPRED program, collaborated with the Ministry of Industry, Science, Technology & Innovation (MISTI) to develop a digital public service portal for SMEs, handicrafts and industry to apply for licenses. This platform helps foster business formalisation, improve enterprise capacity and productivity, and promote economic growth and increased foreign direct investment. To ensure the online platform’s applicability and usability, CAPRED and MISTI conducted a Consultation and User Testing workshop with representatives from SMEs, handicrafts, and industries. The resulting inputs and feedback were integrated into the platform’s development ahead of the June 2024 launch. Check out the workshop video to learn more.
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