Cambodia and South Korea have productively concluded the third round of negotiations on a bilateral free trade agreement (FTA), which is expected to boost bilateral trade and investment once it enters into force.
Ministry of Commerce spokesman Seang Thay told The Post on Sunday that the talks concluded on Thursday.
Korean ambassador to Cambodia Park Heung-kyeong was quoted by state-run news agency Agence Kampuchea Presse (AKP) as saying on Tuesday that the FTA will shore up bilateral trade and encourage Koreans to invest more in the Kingdom.
“As a good mutually beneficial partner, Korea will continue to promote more trade and investment,” Park said.
During a closed-door meeting last week, Minister of Economy and Finance Aun Pornmoniroth said the two sides are committed to concluding FTA talks by the end of this year.
He said the deal aims to improve market access from both sides by reducing tariff and non-tariff barriers.
“Negotiations on the agreement also illustrate the government’s firm commitment in its efforts to continue its push for economic integration into the region and the world, even in the headwinds of the current situation.
https://www.phnompenhpost.com/business/third-round-south-korea-fta-negotiations-concludes