Cambodia, Asian country to launch practicableness study on bilateral FTA

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PHNOM PENH, Nov. twenty-five (Xinhua) — Cambodia and Asian country on weekday signed a joint statement on the launch of a joint study on a doable trade Agreement between the 2 countries, same a Cambodian Ministry of Commerce’s announcement.



The joint statement was signed in the southern peninsula’s Busan between Cambodian Minister of Commerce Pan Sorasak and South Korean Minister for Trade Yoo Myung-hee on the sidelines of the ASEAN-South Korea commemorating summit, the discharge same.

“The Cambodia-South peninsula Bilateral FTA is predicted to not solely strengthen the connection and promote bilateral trade between the 2 countries, however conjointly produce additional employment and investment opportunities and promote services export that may contribute additional to the economic process and produce additional edges to the folks of the 2 nations,” it said.



According to the announcement, the trade volume between the 2 countries magnified perceptibly to around 756 million U.S. bucks last year, a 14.7 p.c rise compared to a year earlier.

Cambodia’s main exports to Asian country enclosed clothes, natural philosophy, shoes, luggage, aluminum, beverages, medical provides and natural rubber, the discharge same, adding that the kingdom’s main imports from Asian country enclosed trucks, bulldozers, cloths, drinking water, natural philosophy, and cosmetic merchandise.

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