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Cambodia's export to Canada under free tariffs, quotas hits $954.82 mn

17 Feb '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Cambodian commerce minister Pan Sorasak recently met Canadian ambassador to the country Sarah Taylor to discuss bilateral cooperation and promote some priority areas. Bilateral trade has increased significantly, with Cambodia exporting $954.82 million worth merchandise to Canada under the free tariff and free quota programme in 2021, the minister said.

Sorasak requested the ambassador to explore the possibility of a bilateral free trade agreement and convene a meeting with Canadian investors who have invested in Thailand and Laos so that they can take advantage of the Cambodia-China Free Trade Agreement (CCFTA), Cambodia-Korea Bilateral Free Trade Agreement (CKFTA) and the Regional Comprehensive Economic Partnership Agreement (RCEP).

The ambassador said Canada will promote ASEAN-Canada free trade negotiations and examine the feasibility study on the possibility of a Cambodia-Canada FTA as this is in line with Canadian trade policy under the new administration, according to Cambodian media reports.

Fibre2Fashion News Desk (DS)

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