Cambodia’s Funan Techo Canal—A Gateway to Regional Prosperity and Expanded Trade with the U.S. | Opinion

Cambodia, a nation as soon as scarred by the Khmer Rouge’s brutality and the repercussions of the Vietnam Struggle, is now rising as a beacon of financial progress and alternative. That is excellent news for the US, our most necessary buying and selling companion.

Regardless of our difficult previous, marked by the lack of over 2 million lives and lingering battle money owed, Cambodia has demonstrated nice resilience and ingenuity. Underneath the management of our new Prime Minister, Hun Manet, a proud West Level graduate, we’re poised to enter a brand new period of prosperity. This yr, Gross Home Product is predicted to develop by 6.2 %, up from 5.3 % final yr. Our newest mission—the Funan Techo Canal, a $1.7 billion infrastructure funding resulting from start development subsequent month—is about to redefine Cambodia’s financial and environmental panorama. In addition to creating as much as 50,000 jobs and attracting international direct funding, it is going to remodel import and export commerce in Asia, notably benefiting our largest export companion, the US. For U.S. companies and traders, this presents a wealth of alternatives.

In full: https://www.newsweek.com/cambodias-funan-techo-canal-gateway-regional-prosperity-expanded-trade-us-opinion-1927174