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Cambodia

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Further to our alert on the development of the Regional Comprehensive Economic Partnership (RCEP) negotiation (Link), we would like to share additional details about the RCEP based on the current information available. The RCEP members signed the RCEP on 15 November 2020 during the 37th ASEAN Summit. After the signing, the Thai government shall arrange for a public hearing before presenting to the parliament for ratification. We will keep you updated on this issue if…

On November 15, 2020, the Regional Comprehensive Economic Partnership (RCEP) was signed by China and 14 other nations — the 10 countries of the Association of Southeast Asian Nations (Brunei*, Cambodia, Indonesia, Laos, Malaysia*, Myanmar, Philippines, Singapore*, Thailand and Vietnam*) plus Australia*, China, Japan*, New Zealand* and South Korea. Many of the products for which tariffs are eliminated are already duty-free. [Countries with an * are also signatories to the CPTPP] RCEP was originally proposed…

The Ministry of Commerce (MOFCOM) announced that on October 12, Minister of Commerce Zhong Shan and Minister of Commerce of Cambodia Pan Sousa represented the Chinese and Cambodian governments in Beijing and Phnom Penh respectively, and formally signed the Free Trade Agreement between the Government of the People’s Republic of China and the Royal Government of Cambodia (hereinafter referred to as Chinese Cambodia Free Trade Agreement). Cambodian Prime Minister Hun Sen and visiting State Councilor and…

On 12 February 2020, the European Commission announced that it has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme due to the serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights. In a news release, the Commission stated that: The withdrawal of tariff preferences – and their replacement with the EU’s standard…

On September 1, 2018, the Canada Gazette published a notice from Global Affairs Canada stating that the Government of Canada is committed to fostering and strengthening Canada’s economic ties with its Asia-Pacific partners, including the 10 member states of the Association of Southeast Asian Nations (ASEAN) [Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam] and is seeking the views of interested Canadian stakeholders on the scope of potential negotiations toward a possible free trade agreement (FTA) with ASEAN. Expanding and diversifying Canada’s trade with large, emerging markets such as ASEAN is a priority for the Government of Canada and contributes to Canada’s trade diversification strategy. The Government of Canada’s approach is one that puts the interests of Canadians and opportunities for the middle class, women, youth and Indigenous people front and centre.

As the trade conflict between the United States and China continues, three free trade agreements are pressing ahead, including– the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), soon to enter into force, the Japan-EU Economic Partnership Agreement (JEEPA), recently signed and which represents 30% of global economic output, and the Regional Comprehensive Economic Partnership (RCEP), an agreement that includes both India and China and comprises the largest trading block in the region.

On November 21, 2015, the President’s Press Secretary released a Joint Statement on the ASEAN-U.S. Strategic Partnership. At the 3rd ASEAN-U.S. Summit in Kuala Lumpur, Member States of the Association of Southeast Asian Nations (ASEAN) and the United States elevated their relationship to the ASEAN-U.S. Strategic Partnership to strengthen the role their relationship plays in realizing a common vision of a peaceful, prosperous Asia-Pacific region that offers security, opportunity and dignity to all its…