The United States and Cambodia signed an agreement on Friday to increase trade and investment flows as part of a broader American initiative in the region, the US Trade Representative’s office said.
Thai garment manufacturers are currently on tenter hooks as the US goes about concluding Free Trade Agreements with different countries having apparel and textile manufacturing bases.
The road to US duy-free access could be longer than expected for a series of emerging countries. While Pakistan was recently refused that textiles and apparel benefit from preferential treatment, chances of duty-free access for Bangladesh, Sri Lanka or Cambodia are progressively fading.
Japan will not demand as much market opening in negotiations on free trade agreements with Myanmar, Cambodia and Laos, compared with talks with the more developed members of the Association of Southeast Asian Nations, it was learned Monday.