Cambodia to be ASEAN logistics hub for Japan retailer Aeon

Nation's 1st bonded warehouse will let importers store products duty-free.

Top Japanese retailer Aeon will offer international logistics services in Cambodia, drawn by Southeast Asia’s rising trade and cross-border e-commerce as the company seeks new growth drivers.

Subsidiary Aeon Mall plans to build a roughly 30,000-sq.-meter logistics center in a special economic zone near the southern port of Sihanoukville. It aims to launch the business in fiscal 2023, offering import storage, customs clearance and support for cross-border online retail.

Cambodia — part of the Regional Comprehensive Economic Partnership, the world’s largest trade bloc — has plans to develop part of the economic zone as a free trade port, with backing from the Japanese government and the Japan International Cooperation Agency.

In full: https://asia.nikkei.com/Business/Retail/Cambodia-to-be-ASEAN-logistics-hub-for-Japan-retailer-Aeon

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