Tourism to see labour shortfall
In the run up to the much-anticipated ASEAN Economic Community integration, which comes into effect at the end of this month, member states, foreign investors and local businesses are looking to the new economic bloc to become a dynamic growth engine and, as a result, propel sectors, such as tourism, financial and banking services, as well as inter-ASEAN trade.
With the ASEAN Economic Community (AEC) mechanism, member states will facilitate the free flow of goods, drop trade barriers, increase investment flows and cross-border exchange of skilled labour, with the last two expected to provide a fillip to Cambodia’s tourism sector – one of the major drivers of the country’s economy.
