The Cambodia-South Korea Free Trade Agreement (CKFTA) can help boost Cambodian exports of garments, textiles and footwear to South Korea and presents opportunities for value-added investments in Cambodia’s downstream processing industries through a ‘plus one business model’, according ASEAN Briefing, an unit of professional services firm Dezan Shira & Associates.
In that model, South Korean companies could expand their supply chain network developed in not only China but also Vietnam or Thailand, it said.
CKFTA was signed into law in Cambodia in January and is expected to be ratified by June this year.
