Cambodia Voices Desire to Foster Completion of Free Trade Agreement This Year

Cambodia has affirmed strong desire for completion of Regional Comprehensive Economic Partnership (RCEP) Agreement at the end of this year.

H.E. Pan Sorasak, Minister of Commerce, underlined the point while receiving a courtesy call from visiting H.E. Yoonjong Chun, Director General for Bureau of Free Trade Policy of Ministry of Trade, Industry and Industry of Republic of Korea (ROK) at the ministry office late last week.

As said in a news release of Ministry of Commerce, H.E. Pan Sorasak informed his guest about the efforts of the Royal Government of Cambodia (RGC) to support the existence of RCEP for free trade negotiation so as to prevent potential trade war.

The Minster of Commerce also informed his guest about strong and stable economic growth of Cambodia and the government's efforts in comprehensive reforms to enhance and promote convenient business environment and investment opportunities.

From his side, H.E. Yoonjong Chun praised Cambodia's development and progress in areas of policy, economy, trade and investment, adding that South Korea intends to increase bilateral trade volume with Cambodia in the future.

H.E. Yoonjong Chun also shared the same view in supporting and enhancing the completion of RCEP Agreement.

RCEP for free trade is supported by all ASEAN member countries, and its dialogue partners such as China, Japan, Republic of Korea, India, Australia, and New Zealand, which shares about 40 percent of global trade, and about 45 percent of the world's population.

Source: Agency Kampuchea Press