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Asia Business Law Journal
The Royal Government of Cambodia signed a double tax agreement (DTA) with South Korea, as one of five agreements made on the sidelines of the ASEAN-Republic of Korea Commemorative Summit and the First Mekong-ROK Summit.
While other ASIAN nations have evolved more quickly, the members of the CMLV bloc (Cambodia, Myanmar, Laos and Vietnam) remain fledglings, slowed by political dogma and authoritarianism. Some are learning, though, that developing sound business law can entice the investment they need to fly high. John Church reports.