Cambodia’s reliance on low-cost manufacturing and trade preferences is unsustainable as it approaches the 2029 graduation from Least Developed Country (LDC) status, experts cautioned at a recent industry forum. Officials and industry leaders emphasized the need for economic diversification and innovation within the nation’s Special Economic Zones (SEZs) and industrial parks. Maintaining competitiveness post-LDC status requires moving beyond a business model solely focused on low production costs and preferential market access. The forum highlighted the urgency of this transition, with discussions centering on strategies for attracting higher-value investment and developing a more skilled workforce. Failure to adapt could significantly impact Cambodia’s economic growth and export capabilities. The discussion underscored the importance of proactive planning and strategic investment to ensure a smooth transition and continued economic prosperity.