The government has drafted official roadmaps for the development of the automotive and electronics sectors in Cambodia, to create more than 22,000 new jobs and raise exports past $2 billion over the next five years.

The draft roadmaps purport to accelerate investment in the sectors towards the reskilling and upskilling of workers, develop electricity and logistics infrastructure, improve cost-competitiveness in manufacturing, build a more effective customs and trade facilitation regime to ratchet up international trade, among other things.

The instruments are the result of joint efforts by the Council for the Development of Cambodia (CDC) and seven ministries, initiated in February 2021, according to a CDC statement.

Development of the instruments was led by the CDC, with support from the UK government’s Accelerated Covid-19 Economic Support (ACES) programme and in partnership with the Boston Consulting Group (BCG), the statement said.

The ministries involved in the process were those for finance, land management, industry, commerce, labour, energy, and public works.

CDC secretary-general Sok Chenda Sophea said the drafting of the document “represents a commitment” by the government to ensure the effectiveness and comprehensiveness of the contained strategies, directions and mechanisms in drawing investment into the automotive and electronics sectors and increase the cost-competitiveness of their operations.https://www.phnompenhpost.com/business/roadmaps-drawn-auto-electronics-sectors