Over 10,000 Cambodian Items Can Be Exported to China under CCFTA
AKP Phnom Penh, February 09, 2021 --
Under the Cambodia-China Free Trade Agreement (CCFTA), Cambodia can export more than 10,000 items to China, which in turn could export over 8,000 items to Cambodia.
The figure was shared at a workshop on Free Trade Agreements (FTAs): Trends, Challenges and Opportunities for Cambodia, organised here yesterday by the European Chamber of Commerce in Cambodia (EuroCham).
Of these items, added EuroCham, only a few hundreds would not be subject to tariff elimination or planned tariff reduction.
According to EuroCham, the workshop brought together representatives from the Ministry of Commerce, the General Department of Customs and Excise, the Ministry of Public Works and Transport and the private sector to discuss the FTAs and its benefits, the customs regulations and procedures, logistics plans and activities, and the opportunities and challenges from the private sector’s perspective.
One of the many speakers, H.E. Mr. Rath Saravuth, Ministry of Commerce’s Director General of International Trade, and a member of the CCFTA negotiation team was able to give the participants useful insights on one of Cambodia's most anticipated FTAs.
By C. Nika