In a significant move aimed at bolstering economic ties between Cambodia and Japan, the two nations have unveiled an extensive package of economic co-creation initiatives. The package, which includes hosting business seminars in both countries and dispatching business missions to each other’s territories, aims to promote mutual understanding and cooperation.
The initiative is part of the Cambodia-Japan Economic Partnership Framework Agreement (EPA), which was signed in 2019. As per the agreement, Japan has pledged to provide substantial financial assistance to support the development of the private sector in Cambodia. The co-creation package is designed to enhance the implementation of this commitment.
Among the key components of the package are technical cooperation for the formation of a business co-creation team (BCT), which aims to develop high-skilled industrial human resources in coordination with local training facilities and universities. The Cambodian-Japan Digital Manufacturing Center (CJDM) is set to play a crucial role in this endeavor.
The package also includes various cooperation initiatives aimed at enhancing the logistics environment, including cross-border logistics, transportation capacity, and pollution control management. To achieve these goals, Cambodia and Japan will collaborate on projects such as the establishment of discussion forums for facilitating logistics with Mekong countries’ governments, as well as the development of human resource development programs for policy authorities.
Moreover, the package encompasses cooperation in the field of renewable energy, aiming to promote green power utilization through frameworks such as the ASEAN-Japan Comprehensive Economic Partnership Agreement (AZEC). This includes exchanging opinions on establishing systems for rooftop solar and developing a long-term roadmap for achieving a carbon-neutral society.
Furthermore, Cambodia and Japan will work together to develop an open and secure communication environment, including open RAN demonstration experiments. The package also includes initiatives aimed at promoting digitalization in administration, strengthening cybersecurity measures, and enhancing investment environments through the OECD.
The co-creation package is expected to have far-reaching benefits for both countries, promoting economic growth, job creation, and increased trade between Cambodia and Japan. As a key player in regional and international affairs, Cambodia’s role in this initiative highlights its commitment to fostering strong bilateral relationships with like-minded nations.
In conclusion, the comprehensive economic co-creation package unveiled by Cambodia and Japan marks an important milestone in their economic partnership. The initiatives outlined in the package aim to promote mutual understanding, cooperation, and economic growth between the two nations, solidifying their position as key players in regional and international affairs.
- Establishment of an open and secure communication environment (Including Open RAN Demonstration Experiments)
- Promotion of digitalization in administration
- Strengthening cybersecurity measures.
- Enhancing investment environments through Japan’s contribution to the OECD.
- Capture building for intellectual property officials
- Capture building for promoting SME finance through improving SME Bank’s credit operation
This article is a rewritten version of the original press release, focusing on Cambodia’s diplomatic activities and foreign policy developments. It aims to provide an in-depth analysis of the comprehensive economic co-creation package unveiled by Cambodia and Japan, highlighting its significance and potential benefits for both nations.