South Korea said Monday it will launch the second round of free trade negotiations with Cambodia this week as the country broadens efforts to expand its export portfolio to cushion the economic fallout from the new coronavirus pandemic.
Seoul and Phnom Penh are set to begin a four-day virtual meeting later in the day to set more details on the envisioned FTA, according to the Ministry of Trade, Industry and Energy.
The two countries held the first round of negotiations in late July. The session came more than a year after Cambodian Prime Minister Hun Sen proposed making preparations for the bilateral free trade pact during his summit with South Korean President Moon Jae-in in Phnom Penh in March 2019.
