The National Assembly of Cambodia last week ratified its free trade agreement (FTA) with China. Ninety two lawmakers unanimously adopted the pact, which will be reviewed by the Senate before being submitted to King Norodom Sihamoni for endorsement. The Cambodia-China FTA was signed on October 12 last year to boost bilateral boosting trade and investment.
“The agreement will facilitate trade in goods between the two countries through reducing and eliminating tariffs and non-tariff barriers,” Cambodian commerce minister Pan Sorasak told parliament. “It will also facilitate, protect, promote and attract investment,” he said.