Free trade deal with China finally finalised

Cambodia has listed around 340 more commodities to export to China under the Cambodia-China bilateral free-trade agreement (FTA), bringing the total to more than 10,000. Most of the products are in agriculture and agro-processing and are in addition to what Cambodia has received from the Asean-China FTA, according to a senior official of the Ministry of Commerce.

The 340 products included items such as pepper, chillis, pineapples, vegetables, fruit, fish, meat (including processed), grain, crabs, seafood and  a variety of canned products, said Sopheak. According to the secretary of state, among the additional 340 commodities in the Cambodia-China FTA, 95 percent of them will be untaxed. Taxes will be dropped on the remaining five percent in at least 10 years.
After the entry into force of the FTA, Cambodia-China trade exchanges will become closer, and it is expected that more Chinese-funded enterprises will be attracted to invest in Cambodia and create more jobs for the Cambodian. 

At present, negotiations on the Cambodia-China Free Trade Agreement have been completed, and the two sides will choose a date to sign the trade agreement. The specific time has not yet been determined.