President of MBCC, Oknha Tan Khee Meng, said: “We are incredibly pleased with the Cambodian government’s success in securing a remarkably competitive tariff rate of 19%, the lowest among our neighbouring countries.
“This achievement not only reflects the Cambodian government’s strong negotiation capabilities but also provides a strategic advantage. While this rate is a significant reduction from the initial proposals of 49% and later 36%, it remains a challenging but achievable target.
This tariff will indirectly push Cambodian manufacturers to enhance their manufacturing standards, improve labour conditions, and focus on creating more value-added products. We see this may be an opportunity to elevate the entire manufacturing sector to new heights.”
The Malaysian Business Chamber in Cambodia (MBCC), is one of the oldest and most influential business chambers in Cambodia, with over 32 years of pivotal contributions to the economic landscape between Malaysia and Cambodia.
Throughout these decades, MBCC has been at the forefront of fostering robust trade and investment ties, bringing together major Malaysian investors in the region.
MBCC’s member base encompassing most of Malaysian corporations in Cambodia includes prominent corporations such as Maybank, CIMB, Public Bank, RHB Bank, Hong Leong Bank, Smart Axiata, Nagaworld, Leader Energy, Cambodia Airport, among others. All MBCC members represent the backbone of Malaysian economic presence in Cambodia, spanning diverse sectors that drive both economies forward.
Over the years, MBCC has successfully spearheaded numerous trade and investment missions that have been instrumental in providing its members and potential investors with valuable resources. These initiatives include access to critical market insights, opportunities for business promotion and development, and exclusive engagements with high-level government officials.
Additionally, MBCC has facilitated extensive business networking events and has been actively involved in Environmental, Social, and Governance (ESG) initiatives, reflecting its commitment to sustainable development.