Phnom Penh, October 11, 2024 – Canada plans to elevate its diplomatic presence in Cambodia by upgrading its current office in Phnom Penh to a full embassy, Prime Minister Justin Trudeau announced during a bilateral meeting with Cambodian Prime Minister Hun Manet on the sidelines of the ASEAN Summit in Laos on October 10.
Prime Minister Trudeau emphasized the growing strength of Canada-Cambodia relations, noting that the embassy upgrade marks a significant step in deepening diplomatic and economic ties.
“The leaders discussed the growing ties between the two countries, including the upgrade of Canada’s office in Phnom Penh to a full Canadian embassy,” Trudeau said.
As part of Canada’s broader Indo-Pacific Strategy, Prime Minister Trudeau also announced plans for a Team Canada Trade Mission to Cambodia in 2025. This initiative aims to enhance trade and investment opportunities with ASEAN member states, in anticipation of the conclusion of the ASEAN-Canada Free Trade Agreement, which has been under negotiation since 2021.
Prime Minister Hun Manet welcomed Canada’s continued engagement, highlighting its longstanding contributions to Cambodia’s peace building, development, and humanitarian efforts. He cited Canada’s early involvement in post-conflict recovery, including its support for demining operations and development aid in the 1990s.
Canada first deployed military personnel to Cambodia in 1954 as part of the International Commission for Supervision and Control under the Geneva Accords. Canadian Armed Forces later played a critical role in the UN peacekeeping mission beginning in 1991, with the last contingent departing in 1993 following the conclusion of the UN Transitional Authority in Cambodia. Between 1994 and 2000, over 60 Canadian personnel participated in demining and ordnance removal efforts, a mission that remains active today under UN oversight.
Economically, the two nations have expanded their commercial relationship in recent years. In 2023, Canadian direct investment in Cambodia reached $1.6 billion, while bilateral trade amounted to $2.1 billion, slightly down from $2.4 billion in 2022. Notably, Canadian exports to Cambodia rose from $33.3 million in 2022 to $37.2 million in 2023. Cambodian exports to Canada have also followed an upward trend since 2002, reaching $2.4 billion in 2022. Major Canadian exports to Cambodia include vehicles, aircraft parts, furskins, and industrial equipment, while imports primarily consist of garments, footwear, and textiles.
Prime Minister Hun Manet reaffirmed Cambodia’s commitment to economic reform, “Cambodia has launched many in-depth reform programs to meet the needs and requests of the private sector, including improving the investment climate to be more favourable as well as launching incentives to help the sector grow even more.” Hun Manet said.
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About Northfield
Northfield & Associates International Corporation is a global strategic advisory and consulting firm partnering with private equity, sovereign, and institutional investors to deploy capital, manage regulatory, supporting senior leadership, boards, and capital providers across Cambodia, Canada, and international markets operating in complex regulatory, economic, and geopolitical environments, and drive enterprise value creation across complex global markets.
We advise boards, executives, entrepreneurs, and public-sector decision-makers on business strategy, institutional transformation, and high-stakes market challenges requiring disciplined judgment, capital efficiency, and execution certainty. Our work is concentrated across priority global sectors, including agribusiness, aviation and automotive, energy and natural resources, financial services, healthcare, infrastructure, real estate, immigration, education, and information technology.
Our platform integrates sector-specific intelligence with multidisciplinary advisory capabilities. Clients benefit from coordinated access to consulting, legal and regulatory counsel, financial management, risk assessment, real estate advisory, immigration, education, and technology expertise. This integrated model supports informed capital allocation, regulatory-compliant investment structuring, and execution-ready strategies designed to optimise returns, preserve downside protection, and enhance risk-adjusted performance.
Northfield combines consulting rigor with legal and regulatory judgment to support capital markets-aligned decision-making in complex, regulated, and rapidly evolving environments. We partner with private enterprises, institutional investors, family offices, and public-sector entities to structure, deploy, and manage capital effectively; strengthen governance; mitigate regulatory and geopolitical risk; and drive sustainable enterprise value creation.
Our engagements span strategy formulation, operational optimisation, organisational design, and change execution. We deliver measurable outcomes that improve financial performance, support disciplined growth, enhance valuation, and generate durable returns on investment for investors, shareholders, and institutional stakeholders. We operate with independence, precision, and accountability, aligned with long-term value creation and fiduciary standards.
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