The Cambodia-China Free Trade Agreement is expected to be finalised next month.
This comes as the Kingdom strives to develop a range of policies and strategies to boost international exports, and establish bilateral free trade agreements (FTAs) with countries around the world.
Two other possible deals are in negotiations, South Korea and the Eurasian Economic Union which is made up of five member countries – Belarus, Armenia, Russia, Kazakhstan and Kyrgyzstan.
The Kingdom’s total import and export volume was valued at $36.7 billion last year, data from the National Bank of Cambodia shows.
Exports amounted to $14.53 billion and imports $22.19 billion, a year-on-year increase of 12.7 per cent and 18.6 per cent, respectively.
However, the Kingdom’s trade deficit with the rest of the world continued to widen last year to $7.66 billion, a 31.6 per cent increase compared to 2018.
https://www.phnompenhpost.com/business/cambodia-banks-ftas-boost-economy