Which countries does Cambodia have free trade agreement with?

Which countries does Cambodia have free trade agreement with?

On September 9, 2021, the National Assembly of Cambodia ratified the bilateral free trade agreement (FTA) with China, which aims to increase the trade of goods by reducing and eliminating tariffs and non-tariff barriers.

Does the US trade with Cambodia?

Economic and Trade Statistics Cambodia is currently our 49th largest goods trading partner with $6.9 billion in total (two way) goods trade during 2020. Goods exports totaled $344 million; goods imports totaled $6.6 billion. The U.S. goods trade deficit with Cambodia was $6.2 billion in 2020.

Is Cambodia duty-free to us?

“It is no coincidence that Cambodia’s exports to the US continue to grow. The US government has been providing duty-free access for exported Cambodian travel goods such as suitcases, backpacks, handbags and wallets under the GSP since July 2016.

Is Cambodia free trade?

In a simple term, under the CKFTA, more than 10, 000 Cambodian products will be duty-free when it is exported to South Korea, making the CKFTA becomes the second bilateral free trade agreement for Cambodia after the signing of Cambodia-China FTA in October 2020.

Is there a US military base in Cambodia?

The base, which covers approximately 190 acres, is located on a peninsula just southeast of the provincial capital, Krong Preah Sihanouk. Since 2010 the base has been the site of annual joint Cambodian-United States training and naval exercises under the Cooperation Afloat Readiness and Training (CARAT) program.

Are Cambodia and US allies?

Over the last several decades of the 20th century, the United States and Cambodia established, broke off, and reestablished relations as a result of armed conflict and government changes in Cambodia. Full diplomatic relations were established after the freely elected Royal Government of Cambodia was formed in 1993.

Is Cambodia still GSP country?

Cambodia is among 26 other countries which are in the Less Developing Country category accorded GSP. The Kingdom’s eligibility expired in December and is up for renewal.

Does the United States have a trade deal with Cambodia?

U.S.-Cambodia Trade Facts. The United States and Cambodia meet regularly under our 2006 Trade and Investment Framework Agreement (TIFA), which provides a platform for addressing bilateral issues and coordinating on regional and multilateral issues.

Where can I find information on upcoming US meetings with Cambodia?

For information on upcoming U.S. meetings with Cambodia, see the Calendar of Events page. Cambodia is a party to many regional free trade agreement agreements. These include the ASEAN Free Trade Area, and ASEAN agreements with Australia, New Zealand, India, Japan, China, and Korea.

Who are Cambodia’s biggest trading partners?

(Source: IMF) The United States remains Cambodia’s largest trading partner and export market. Cambodia is currently our 66th largest goods trading partner with $4.3 billion in total (two way) goods trade during 2018.

What are the ROO requirements for exports from Cambodia to USA?

For exports from Cambodia to the USA under the GPS, the ROO requirement is a minimum 35% and the qualifying member countries of ASEAN, namely, Cambodia, Thailand, Indonesia and the Philippines, are treated as one country for GSP ROO requirements.