Cambodia Pulls Out of Economic Agreement With Vietnam and Laos

Phnom Penh’s withdrawal from the CLV Triangle Development Area pact marks a potentially important shift in Cambodia-Vietnam relations.

Cambodia has withdrawn from a two-decade-old regional economic development agreement with Vietnam and Laos, in a rare concession to opponents who claimed the pact had led to an erosion of Cambodian sovereignty.

On Friday, Prime Minister Hun Manet posted a statement to his Facebook page in which he said that his government had decided to pull out of the Cambodia-Laos-Vietnam (CLV) Triangle Development Area, and had notified Vietnam and Laos of its decision.

While hailing the agreement’s “many achievements,” he accused “extremists” of using the deal as “a political weapon” to attack the ruling Cambodian People’s Party (CPP) by alleging it had led to a loss of land and sovereignty to Vietnam.

In full: https://thediplomat.com/2024/09/cambodia-pulls-out-of-economic-agreement-with-vietnam-and-laos/

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