Russia has reiterated its commitment towards shoring up bilateral trade volume and alluring more investment to Cambodia, helping pull the Kingdom’s economy out of post-Covid-19 doldrums.
This comes as the Kingdom negotiates a free trade agreement (FTA) with the Eurasian Economic Union (EAEU), a common market comprised of five nations of the former Soviet Union – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
An FTA with the EAEU would provide a welcome impetus for industrial diversification and expansion of financial services, transport, digital economy and agricultural services.
“An FTA will enable the two parties to increase economic cooperation, trade in goods, services and investment.
“We expect to increase trade and investment opportunities and mutual investment. Cambodia can increase its garments and textiles exports, agricultural products and other goods.”
https://www.phnompenhpost.com/business/russia-committed-stepping-trade