The National Assembly’s 9th Committee on Monday unanimously approved the draft law on the ASEAN-Hong Kong Free Trade Agreement (AHKFTA).
Prime Minister Hun Sen on Monday told US companies and investors that although Covid-19 has slowed the growth of Cambodia’s economy, the government has proactively taken measures to keep business activities afloat and the country remains a good investment destination for US firms.
Cambodia and the UK have vowed to boost their bilateral trade as the Kingdom looks to establish a bilateral free trade agreement with the country.
Bilateral trade between Cambodia and Japan slid 5.71 per cent to $1.175 million in the first seven months of this year, from $1.246 million on a yearly basis, data from State-run agency Japan External Trade Organisation (Jetro) show.
Cambodia is moving towards developing non-textile industries with a policy calling for sustainable growth and economic diversification.
Cambodia and the US on Thursday vowed to continue promoting trade and investment at the US-Cambodia Trade and Investment Networking and Mini-Exposition.
The first meeting of the Cambodia-Hungary Joint Commission on Economic Cooperation will be held later this year in a move to boost bilateral trade.
Senior government officials and development partners are optimistic that the recently enacted Consumer Protection Law will instil stronger consumer confidence and lure more investors to Cambodia.
US ambassador to Cambodia Patrick Murphy on Tuesday paid a visit to Kampong Speu province to witness its potential and to strengthen cooperation with provincial authorities, the provincial administration said.
The second day of second-round negotiations of the Cambodia-South Korea Bilateral Free Trade Agreement (CKFTA) was held via video conference on Tuesday.