Cambodia’s apparel export to Australia up 17% after RCEP

Cambodia’s apparel exports to Australia increased by 17.16 per cent to $102.583 million in the first nine months of the current year. To a great extent, the growth was fuelled by the Regional Comprehensive Economic Partnership (RCEP), the 15-nation multilateral free trade agreement of which both are members, that came into effect from January this year.

RCEP has provided easier access between member countries as it gives duty free access to almost 90 per cent of goods.

Cambodia is textile-apparel exporter country, while Australia is an importer and a developed economy.

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