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.
The understanding was made during a meeting between secretary of state of the Ministry of Commerce Sok Sopheak and deputy chief of mission at the British Embassy in Cambodia Marc Thayre on September 15.
“We are optimistic about positive cooperation with the UK, especially in the business sector to boost economic growth which is being affected by the global epidemic of Covid-19 disease,” Sopheak said.
At a press conference at the Council of Ministers in July, Sopheak said in addition to free trade agreements with China and South Korea, the government was also looking to establish a bilateral free trade agreement with the UK.
“Our ambition is not merely centred on China. Its formal secession from the EU places the UK squarely in our sights. Given that 25 per cent of our exports go to Europe annually, the UK market is vast,” Sopheak said.
https://www.phnompenhpost.com/business/uk-fta-could-be-horizon