The Cambodia-Korea Free Trade Agreement (CKFTA) completed one year of entering into force this month. The FTA has resulted in increased bilateral trade between the two countries, reaching an all-time high of $1.05 billion, according to Chring Botum Rangsay, Cambodian ambassador to South Korea.
The FTA, along with the introduction of the New Investment Law in 2021, has created a more conducive environment making Cambodia an attractive destination for South Korean investment, Rangsay said while addressing the 2nd Cambodia-Korea Business and Investment Forum in Seoul recently.
