China-Cambodia signed an FTA to create a new market base, not the European Union

From the European Union (EU) has announced the exclusion of trade privileges to Cambodia. Cited for human rights violations in the country The EU's measure has affected Cambodia's exports of clothing, footwear and travel goods subject to the same tariffs as other member countries of the World Trade Organization (WTO). The EU has caused Cambodia to lose 20% of the trade privileges it had received from the EU. However, the EU remains open to reviewing the exclusion of trade privileges. If Cambodia implements reforms By allowing members of the opposition party to play a political role And begin the process of national reconciliation But recently Cambodia is about to gain a new export handicap. Soon after preparing to sign the Cambodia-China Free Trade Agreement (FTA), the Office of Foreign Trade Promotion (CPO / Commerce Ambassador) in Phnom Penh, Kingdom of Cambodia reported that China and Cambodia are preparing to sign the agreement. Cambodia-China Free Trade Agreement ...