Research On The Cambodian Foreign Investment Access System

Cambodia is adjacent to China,and near deep cultural exchanges between countries,between the two countries established diplomatic relations close also prompted between the two countries establish a high degree of cooperation in the economic aspect of Cambodia and China's relations between the two countries have maintained friendly,10 months Cambodia in 2016 the two sides area development plan signed 31 document all the way,the content involves multiple social and economic development,the establishment of the partnership also means that bilateral economic cooperation to a new height because of the area along the development strategy and strategy of Cambodia corners Chinese companies and investors are facing a new opportunity,and China's overseas investment in Cambodia is bound to embrace greater development in this context.In 1993,the establishment of a new government,the reform of the economic system and the implementation of a free and open economic system led to the increasing liberalization of economic activities,which also led to more frequent capital inflows and outflows and higher trading volume.The Cambodian government is also committed to improving the country's investment climate to encourage foreign investors to enter the country for corporate projects.However,there is not a more perfect and clear access law in the relevant legal aspects.But the legal structure for partnerships with foreign investors is already in its infancy.Based on the existing investment law of the kingdom of Cambodia as the most basic reference,the domestic immigration law,business law and other relevant laws and regulations constitute the legal framework.In recent years,in order to encourage foreign investors to invest in projects in Cambodia,Cambodia has also introduced relevant policies and legal support.At the same time,it has reduced trade tariffs,and it has continuously improved and revised the investment law three times in the late 20 th century.The investment access rules established by laws in Cambodia can effectively stimulate investment.In terms of investment treatment,the law provides nationaltreatment for investors.In addition,the treaty stipulates most-favoured-nation treatment and fair and just treatment.In terms of the investment field,Cambodia is relatively open and most of the fields are in an open and inclusive state.For the fields that allow and encourage investment,Cambodia has formulated a lot of preferential measures for investors to attract more investors,which has greatly increased the number of investors and improved the enthusiasm of investors.As far as investment management agencies are concerned,Cambodia has made a lot of efforts in this regard,setting up specialized regulatory agencies and optimizing the relevant approval process.The Cambodian development council has played an important role in investment applications and approvals.In addition to the project review,it also needs to conduct research and analysis on the development of the international market to obtain favorable conditions,on which to develop sound investment guidelines and strategies for the private sector.From the perspective of investment security,Cambodia does not impose excessive price restrictions on goods and services,while it also imposes lax controls on foreign exchange.However,Chinese enterprises' investment in Cambodia is also affected by the imperfect local laws,arbitrary law enforcement,corruption and other problems,and there are many risks.By analyzing the causes,the author also gives some superficial opinions and Suggestions from the perspectives of enterprises and the government,hoping to benefit.Such as Chinese companies can fully understand the local customs,fully to carry out the research,and make full use of all resources,reasonable,legal settlement of disputes on risk way to deal with risks,such as the Chinese government should further deepen its system of laws and regulations with Cambodia on the basis of a new bilateral treaty in order to avoid the legal risks of Chinese investors to invest in Cambodia.The paper is divided into four parts: the first part starts from the legal system of foreign investment in Cambodia,analyzes the constitution of the legal system of foreign investment in Cambodia and the history of the legal system of foreign investment access in Cambodia,summarizes the evolution law of the foreign investment system in Cambodia and puts forward the prospect.The second partsummarizes the general provisions,industry system,examination and approval system,preferential investment policies,and analyzes the basic theory and specific legal provisions of the foreign investment access legal system in Cambodia and interprets them.The third part introduces two investment cases of China in Cambodia.The fourth part,on the basis of the previous parts,focuses on analyzing the problems and possible legal risks in the legal system of foreign investment access in Cambodia,and puts forward Suggestions and countermeasures from the perspectives of Chinese enterprises and the Chinese government through the legal risks involved.