Phnom Penh: The Cambodian and US governments have recently engaged in discussions about the possibility of signing a Bilateral Investment Treaty (BIT).
The issue was raised when US Secretary of State John Kerry was here in Phnom Penh in January, and subsequently when a delegation from the US Trade Representative’s (USTR) office visited the Kingdom.
The American Chamber of Commerce in Cambodia (AmCham) encourages the Royal Government to respond positively to these expressions of interest. AmCham believes that Cambodia, with its free market economy, is well positioned to conclude a BIT with the US. Cambodia already has many of the elements in place, which would be included in a BIT.
In past discussions with officials of the Royal Government, some concern was voiced about the issue of the “pre-establishment” (i.e., market access) components of the U.S. model BIT. However, Cambodia has few restrictions on foreign investment entry and has agreed to a similar approach in its ASEAN Comprehensive Investment Agreement and its BIT with Japan.
There are a number of benefits for Cambodia to concluding a BIT with the US, including:
Mr. Bretton Sciaroni,
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