Experts Warn Cambodia’s Trade Deal With China is Poor Substitute For EU Scheme

Cambodia’s bid to offset the partial loss of a European Union preferential trade scheme by pursuing a free trade agreement (FTA) with China will leave the country poorer and beholden to Beijing, unions and analysts said Thursday, ahead of an expected signing of the deal next month.

On Monday, Cambodia and China announced the end of trade agreement negotiations between Cambodian Commerce Minister Pan Sorasak and Chinese counterpart Zhong Shan with a deal they said will bolster ties between the two nations and benefit them both.

In a statement posted to Facebook, Cambodia’s Ministry of Commerce hailed the agreement as “reflective of the long-lasting relationship and collaboration between the two countries,” and said it would “provide economic and social benefits” for both sides.

In full: https://www.rfa.org/english/news/cambodia/substitute-07232020153513.html

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