Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech | Cambodia Temporarily Bans Livestock and Meat Imports from Thailand Amid Anthrax Outbreak |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech | Cambodia Temporarily Bans Livestock and Meat Imports from Thailand Amid Anthrax Outbreak |

FTA Between Cambodia and South Korea to be Signed Next Week

  • Posted Oct 20, 2021 13:59 by Rosahlee Bautista
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Phnom Penh: A bilateral trade agreement between Cambodia and the Republic of Korea will be officially signed next week. The Ministry of Commerce says the signing ceremony will be held virtually between the Minister of Commerce, Pan Sorasak, and South Korea’s Minister of Trade, Yoo Myung-hee.

The Free Trade Agreement was finalised in February this year by the two countries. The bilateral FTA with South Korea will broaden markets for Cambodian products. Bilateral trade between the two countries was valued at $885 million in 2020. This represented an 18% decrease on 2019, but the drop in trade has been attributed to the pandemic.

A Free Trade Agreement with China is also expected to be signed before the end of the year.

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