Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement.
Chinese Ambassador to Cambodia said the second round of FTA negotiation had just taken place through the teleconference and both sides had reached broad consensus.
Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic.
The second round of negotiations for a Cambodia-China Free Trade Agreement (FTA) highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years.
Prime Minister Hun Sen on Monday said Russian Ambassador to Cambodia Dmitry Tsvetkov has pledged to support Cambodia as it moves towards a free trade agreement (FTA) with the federation.
Cambodia and Russia have pledged to increase bilateral trade and investment as the Kingdom aims to diversify its market through the Eurasia Economic Union (EAEU).
The EU launched the process to strip Cambodia of its preferential trade terms following the dissolvement of the Cambodia National Rescue Party (CNRP) by the Cambodian government.
Cambodia is taking steps to negotiate FTAs with South Korea and the Eurasian Economic Union and will sign a trade deal with China.
China and Cambodia have made progress in the view to signing a free trade agreement by the end of 2020, with talks set to be concluded by the middle of the year.
Cambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China.
Cambodia and China have wrapped up the first round of negotiations on a free-trade agreement (FTA) resulting in positive outcomes, which the two countries will continue to discuss in the second round of talks scheduled to be held in Cambodia.
Cambodia has been actively looking for alternative markets in China, South Korea and the Eurasian Economic Union (EAEU) in recent months.
As Vietnam currently has a free trade agreement with the US, Cambodia may benefit from the special economic zone – particularly from the US market.
The feasibility study provides a quantitative and qualitative assessment of the impact of the proposed FTA. The study also examines the EAEU’s current FTAs.
Hun Sen’s regime to discuss free-trade deal with China amid EU and US threats to end trade privileges over Cambodia’s human rights record. But there has been growing resentment in Cambodia over Chinese investment.
Cambodia and South Korea have signed a joint feasibility study agreement on a potential free trade agreement (FTA) aiming to expand bilateral investment volume between the two countries.
Cambodia and China will launch the first official consultation on a bilateral free trade (FTA) agreement feasibility study in Beijing on Dec 3.
Cambodian officials will next month embark on a visit to Russia to discuss a free trade agreement with the Eurasian Economic Union, a bloc of countries in central and northern Asia and Eastern Europe with a combined GDP of $5 trillion.
Cambodia is negotiating a free trade agreement (FTA) with the Eurasian Economic Union (EAEU), hoping the new market will maintain the Kingdom’s economic growth.
Key partners and ASEAN commerce ministers have agreed on a set of monthly targets on the RCEP trade deal before the end of this year.