Business friendliness in Cambodia declines

Friday, 05 November 2010
Matthew Backhouse
The Phnom Penh Post

CAMBODIA’S business friendliness has declined in world rankings despite gains for exporters and entrepreneurs, according to a World Bank report.

The Making a Difference for Entrepreneurs report, which compared business regulations across 183 economies, ranked Cambodia 147th place for the ease of doing business, down from 145th place last year.

The drop came despite improved rankings in the ease of foreign trade and starting new companies.

Cambodia was the seventh most improved economy for trading across borders, climbing nine places to 118th. That was due to a reduction in the amount of paperwork for importing and exporting goods.