Saturday, 05 December 2009 05:01 DAP-NEWS
(Posted by CAAI News Media)
The Cambodian Government on Friday agreed a sub-decree to allow foreigners to own some properties in Camb- odia. The new law was prepared by the Ministry of Land Management Urban Planning & Construction with consulting by Justice Ministry, according to a Friday release of Council for Ministers.
The agreement was made during a Council of Ministers meeting at the Foreign Affair Ministry presided over by Prime Minister Hun Sen.
“The sub-decree consists of 8 Chapters, and 24 Articles, and is aimed at responding to the government’s policy in attracting foreign investors as well as to compromise with increasing markets, immovable property and to urge development, reducing poverty,” the press release added.
Meanwhile, the CoM meeting adopted and supported a sub-decree on sea, air security committee establishment, consisting of 6 chapters, and 13 articles.
The committee newly formed under the sub-decree will apparently help ensure sea and air security through cooperation with related police.
The government also agreed to adopt a decree on National Consultant Group of Cambodia for Children and sub-decree on preparing and inspector’s headquarter-general’s performance of the national consultant for children, the press release said.
The meeting agreed to submit the agreement on ASEAN trade for freedom ASEAN trade and an ASEAN treaty to fight terrorism to future debate.
No comments:
Post a Comment