U.S. Businesses Eye Cambodia’s Rapid Growth as Council Explores New Investment Opportunities

PHNOM PENH, Cambodia (Nov. 28, 2025) — The U.S.–ASEAN Business Council (USABC) signaled rising American interest in Cambodia’s fast-growing economy as regional director Jack Myint met with Cambodia Chamber of Commerce President Kith Meng to discuss new investment opportunities and strengthen bilateral ties.

Myint, who oversees U.S. business engagement across five ASEAN countries, said Cambodia’s rapid development — particularly in infrastructure and new airports — has made the country increasingly attractive to American investors. He expressed hope that strong Cambodia–U.S. relations would help unlock more business partnerships.

Meng welcomed the delegation, crediting years of cooperation between the Chamber and USABC for driving investment promotion and expanding bilateral trade.

He said the Cambodia–U.S. Reciprocal Trade Agreement, finalized in October, has boosted investor confidence by reshaping market access. The deal set a 19 percent reciprocal tariff rate on most Cambodian exports to the United States, while Cambodia eliminated tariffs on all U.S. products.

Officials say the agreement reflects a new phase in bilateral commerce, with Cambodia seeking to diversify exports beyond garments and footwear into electronics, agri-processing and minerals.

Both sides agreed to deepen collaboration to address challenges facing businesses and pursue opportunities that benefit U.S. and Cambodian companies alike.

Cambodia’s exports to the United States reached more than $10 billion in the first 10 months of 2025, marking a 26.4% increase compared to the same period last year, despite a newly imposed 19% U.S. tariff on Cambodian goods.