ISDS Case Map
Cambodia
Chief Executive John Lee has hailed his six-day trip to Southeast Asia with a total of 55 non-binding deals signed with three countries.
Cambodia wants an FTA (Free Trade Agreement) with India to diversify its trade partners and reduce reliance on China. India is a large market but hesitant due to a small trade volume with Cambodia and the concern of China using Cambodia to export goods to India.
India and South East Asian nation Cambodia deliberated upon diversification of the trade basket by identifying new products, bilateral investment treaty, recognition of Indian pharmacopoeia and collaboration in the pharma sector.
Spanish Secretary of State for Trade Ms. Maria Amparo Lopez Senovilla responds positively to Cambodia’s ‘door-knocking’ mission to bring in more investments from Europe.
Members of the Regional Comprehensive Economic Partnership can further improve the alignment of operational guidelines across key sectors such as competition policy and trade in services to elevate mutual openness, said trade experts and foreign scholars on Sunday.
The agreement will do so through the removal or reduction of tariffs on more than 92% of product lines, eliminating unnecessary barriers to trade, and improving market access for service exports
Cambodia and India are finalising negotiations on a bilateral investment treaty to streamline trade between the countries.
Cambodia and the United Arab Emirates (UAE) have signed a bilateral Comprehensive Economic Partnership Agreement.
The agreement with Cambodia will reduce or remove tariffs, eliminate barriers to trade and create new avenues for strategic investment.
