Minister Cham Nimmol Focuses on Cambodia's Business Environment: IP, Competition, Investment Laws

  • 17 Apr 2024
  • Cambodia
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Under the leadership of Minister Cham Nimmol, the Ministry of Commerce in Cambodia is spearheading efforts to support the nation's business and investment climate. At a recent event marking the inauguration of the RMA Cambodia PLC and Business Partners Expo, Minister Nimmol outlined three key focus areas to improve Cambodia's business landscape further.

Firstly, the Ministry is committed to strengthening the enforcement of competition and consumer protection laws. This endeavor seeks to eliminate transactions and practices that hamper fair competition.

Secondly, there is a strong emphasis on safeguarding intellectual property and private property rights. By nurturing an environment that encourages innovation and protects intellectual capital, the Ministry aims to stimulate the development of new products and services, promoting healthy market competition.

Thirdly, the Ministry remains dedicated to the ongoing refinement and formulation of laws and regulations that facilitate business and investment activities. These efforts are geared towards enhancing Cambodia's competitiveness on the global stage, attracting international investors, and fostering sustainable economic growth.

Minister Nimmol also emphasized the promising opportunities in renewable energy and electric vehicles, citing benefits such as cost reduction and improved environmental conditions.

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