The third round of negotiations for the free trade agreement between Cambodia and China has completely solved all the remaining issues in the agreement text and approved in principal with regard to market access on goods and services, according to a statement from ministry of commerce.
The 10 technical working groups of Cambodia-China will seek the approval from respective government leaders to approve on the agreement text and the request for opening market access as well as other chapters in order to close the deal and reach the agreement signing by the end of the year.
“The negotiation of the third round of the FTA deal was focusing on market access for goods, service, investment, and economic and technical collaboration and regulation which will be pushing the export of goods from Cambodia and attract more investments from China,’ the statement read.
“If both country’s leaders approve on the agreement text and the market access mechanism, requested by the 10 technical working group both nations, the exports from Cambodia is expected to increase by 20 percent per year, and the increase of the investment will also be rising which are the main source and create the jobs for the people,” it said.
