ROK, Cambodia conduct 2nd round of FTA talks
The talks will finish on September 3.
At minimum two extra rounds of FTA negotiations are required to finalise the pact ahead of the finish of this calendar year, secretary of state in the Cambodian commerce ministry Seang Thay was quoted as declaring by the country’s media.
The talks came following Samdech Akka Moha Sena Padei Techo Hun Sen, Primary Minister of the Kingdom of Cambodia, proposed the bilateral cost-free trade pact through his summit with South Korean President H.E. Moon Jae-in in Phnom Penh in March 2019.
The bilateral trade volume among the two countries arrived at an all-time higher of $one billion in 2019, up six for every cent from a calendar year before, in accordance to a South Korean information company. Cambodia exported $336 million worth of solutions to South Korea and imported $697 million from the place. Cambodia is South Korea’s 58th-major export desired destination.
Fibre2Fashion News Desk (DS)
South Korea and Cambodia are conducting the second round of cost-free trade arrangement (FTA) negotiations this week to broaden its export portfolio to cushion the economic fallout from the novel coronavirus pandemic. The 4-working day digital conferences will talk about the scope of solutions and means to enhance bilateral economic ties. The initially round was held in late July.
