RCEP opens markets for Cambodia

The Regional Comprehensive Economic Partnership has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute about 30 percent of global GDP and more than a quarter of world exports, said a Commerce Ministry official on May 18. “RCEP will help Cambodia achieve more open markets and cement better trade relationships with the other nine members of Asean and also regional trade partners, including South Korea, Japan, China, India, Australia and New Zealand – all RCEP participating countries,” Tekreth Kamrang, the ministry’s secretary of state, told a capacity building workshop for government officers to strengthen their international trade negotiations skills. Ms Kamrang said she was confident that the RCEP talks will be concluded by the end of the year and government officers “should rise to the occasion to broaden and deepen their understanding of the economic partnership so that they can be better equipped to negotiate trade agreements, on behalf of the kingdom, with the 16 RCEP participating nations”.

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