Cambodia, S Korea to enhance trade, investment using FTA
31 Jan 23 1 min read
“The bilateral agreement laid the groundwork for the expansion of bilateral trade in a wide range of fields from textile and clothing to cars and machinery, and to agro and fishery food,” Ahn said during the forum.
“The two nations will be able to further strengthen cooperation on digital economy, clean energy and various other sectors to help advance Cambodia’s industrial structure, and to jointly achieve net-zero goals,” he said.
South Korea will support Cambodia’s technology development through official development assistance programmes, Ahnwas quoted as saying by a news agency.
- Cambodia's apparel industry resilient, exports up 20% in Jan-Apr 2024
- Cambodia launches National Single Window for faster import-export
- Q1 2024 Uzbek textile items exports worth $775.7 mn; destinations 55
- ADB & Citi partner to boost SME Trade finance across Asia-Pacific
- France tops EY list of European nations by ability to draw FDI, UK 2nd
- Turkiye’s apparel exports to Israel to see significant drop this year
The FTA, which took effect on December 1 last year, calls for a higher level of market opening than the existing South Korea-ASEAN FTA and the multilateral trade pact of Regional Comprehensive Economic Partnership (RCEP), the ministry said.
Bilateral trade was worth $1.05 billion last year.
Fibre2Fashion News Desk (DS)
Popular News
|
|
Euro area seasonally-adjusted Mar unemployment rate 6.5%; 6% for EU |
|
|
The Lenzing Conclave in Varanasi gets an overwhelming response |
|
|
ICE cotton prices break downtrend on weak dollar, short covering |
|
|
India raises duty drawback rates for linen from cotton, blended fibre |
|
|
Vermont moves to ban hazardous chemicals in textiles & other goods |
|
|
Cotton yarn market bearish in north India; prices down in Ludhiana |
