There is a question on the e-commerce industry in Cambodia. Can an e-commerce platform in Cambodia gain a long-term growth opportunity? What we will discuss and contribute my opinion to help judge and make decisions even for a startup or the on launch enterprise holders. Let’s see something as follows.
At a time when the COVID-19 pandemic continues and the world economic recovery is slowing down, the upcoming Regional Comprehensive Economic Partnership (RCEP) will promote free trade and help Cambodian companies seize trade and investment fields and gain long-term development opportunities.
With the implementation of RCEP, the facilitation of customs clearance will enable the commodities of member states to enter Cambodia at a low cost, which is conducive to the development of local e-commerce platforms and attracts more investment. At the same time, it also meets the needs of local consumers and meets the current income situation of the local middle and low class.
With RCEP, relevant regulations have been made in digital certification, consumer rights protection, tariffs, and other aspects. Local e-commerce platforms can cover both local and cross-border businesses and will benefit greatly from them.
Therefore, local e-commerce platforms are looking forward to continuing to strengthen cooperation with Chinese companies in e-commerce, payment systems, financial technology, digital currency, etc. RCEP provides a better framework for this economic and technological cooperation.
In the future, RCEP will enable Cambodian products and services, especially agricultural products, to gain a large number of trade opportunities, including the Chinese market. At the same time, the agreement will also help capital from other countries discover investment opportunities in Cambodia’s digital economy, agricultural product processing, and other fields.
By joining RCEP, Cambodian enterprises will gain access to larger market opportunities. The agreement involves trade facilitation, which will help reduce costs related to enterprise management and transportation. It is very beneficial to emerge businesses such as technology and digital economy, especially for e-commerce platforms that already have sufficient resources for expansion. of.
With the implementation of RCEP, the flow of human resources with technical expertise will accelerate within the region. The local area will absorb more technologies from abroad, especially China, to develop the digital economy and promote the establishment of an Internet ecosystem. At the same time, RCEP will promote economic globalization and help less developed countries narrow the development gap.
The above is just my personal opinion on the sustainable development of the current Cambodian e-commerce platform forecast its outcome into the future. There is what I see with a little reference to the current industry situation, combined with the direction of RCEP to explore one of the long-term development opportunities. If there is a misjudgment, please confront the constructive comments for correction.
