Cambodia Canada Trade Agreement

Use the drop-down menu to search for an agreement by grouping of countries, type of contract or status. Or use the filter option to search for keywords. Cambodia and the Republic of Korea (ROK) have committed to concluding negotiations on the Free Trade Agreement (FTA) by the end of the year to increase trade and investment between the two countries. Parliament`s “Trade and Investment” series provides information on Canada`s trade and investment relationships with the world and selected countries. It also describes the trade relationship of each of Canada`s 10 provinces and three territories with the world. In addition, Canada`s trade relations with each of the 50 U.S. states are presented. The Cambodian government is also exploring free trade agreements with India, Australia, the United States, Canada, the United Kingdom, New Zealand and Japan. He added that the agreement will also promote trade facilitation, which aims to strengthen bilateral trade in order to contribute to the strengthening and deepening of trade cooperation between the two countries. He said the agreement will allow Cambodia to export its potential products to the Korean market. Export opportunities between the two countries are currently limited. Take your business to the next level.

Explore opportunities to increase your footprint in Cambodia with the help of our Trade Commissioner Service (TCS) and learn more about trade relations between the two countries, market facts and other discoveries. “The negotiations on this agreement also demonstrate the strong commitment of the Royal Government in its efforts to continue its economic integration in the region and in the world, despite the difficult situation we are going through. We will win export markets for our products, which are plentiful and better, and we will help create more employment opportunities for the Cambodian people,” he said. “Both sides agree that signing a bilateral free trade agreement will bring reciprocal economic and trade benefits,” he said. In addition, trade-related procedures will be improved and simplified to facilitate trade between the two countries. The positive effects of this agreement will contribute to the development and sustainability of economic growth by encouraging bilateral trade. The data on trade in goods are based on tariffs; data on foreign direct investment are based on the balance of payments. Trade data on services are not available for Cambodia. Cambodia and Canada have agreed to extend a trade facilitation agreement signed between the Ministry of Commerce (MoC) and the Canadian Trade Facilitation Bureau to maintain bilateral trade and economic cooperation.

In the Economic Indicators section, data on GDP in PPP, GDP per capita in PPP, population and international merchandise exports and imports are defyed from the World Bank`s database of global development indicators as a percentage of GDP. Trade rankings for goods and services are based on Statistics Canada data. The “Ease of Doing Business” ranking is from the World Bank`s Doing business project. The Global Competitiveness Rankings are the result of the World Economic Forum`s Global Competitiveness Report. In 2013, two-way merchandise trade between Canada and Cambodia exceeded $700 million, with Canada being one of Cambodia`s top destination countries for exports. Bilateral merchandise trade has continued to grow, with an estimated estimate of more than $1.3 billion in 2017. Cambodia benefits from Canada`s least developed countries market access initiative, which allows qualified countries to access the Canadian market duty-free and duty-free. Canada is one of Cambodia`s most exporting destinations. The value of Canada`s imports from Cambodia increased from $20.9 million in 2002 to $1.3 billion in 2017.

This entry was posted in Uncategorized. Bookmark the permalink.