The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which were both enacted in 2022, have played a major role in boosting Cambodia’s economy, according to Cambodia’s Ministry of Commerce (MoC). Cambodia's total export to RCEP members was worth $3.28 billion during January-June 2022 — a 10 per cent increase compared to the same period the previous year.“The two free trade agreements have given larger market access to Cambodia's products,” said Bun Chanthy, undersecretary of state at Cambodia’s MoC.
The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which were both enacted in 2022, have played a major role in boosting Cambodia's economy, according to Cambodia's MoC. Cambodia's total export to RCEP members was worth $3.28 bn during January-June 2022 — a 10% increase from the previous year.
In the first half of 2022, Cambodia’s top three export destinations were Vietnam, China, and Japan, said Cambodian media reports quoting an MoC news release. The Southeast Asian country exported goods valued at $542 million to Japan, $612 million to China, and $1.17 billion to Vietnam.
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