Second round of China FTA talks close

The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday.

“The two countries’ negotiation teams agreed on several chapters in the second round, including investment cooperation, economic and technical cooperation as well as cooperation on the Belt and Road Initiative and e-commerce.

“The free trade agreement [FTA] between Cambodia and China will aid in the recovery of both countries’ Covid-19-hit economies.

“The two sides have agreed to resolve the remaining issues no later than mid-May before the third round of negotiations, which is scheduled for June this year,” it said.