China-Cambodia Free Trade Agreement will come into effect soon

The "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Kingdom of Cambodia" (hereinafter referred to as the "Agreement") will come into effect on January 1, 2022.

The "Agreement" was formally signed on October 12, 2020. According to the "Agreement" arrangement, the proportion of zero-tariff products in the trade of goods between the two sides has reached more than 90%, and the commitment to open the service trade market also reflects the highest level they have given their free trade partners. At the same time, the two sides also agreed to strengthen investment cooperation and deepen cooperation in the "Belt and Road" initiative, e-commerce, economic technology and other fields.

The China-Cambodia Free Trade Agreement is a new milestone in the development of bilateral economic and trade relations and will help enhance the well-being of the enterprises and people of the two countries.

Source: Department of International Affairs, Ministry of Commerce