The new investment law, free trade pacts with China and South Korea and the Regional Comprehensive Economic Partnership (RCEP) along with peace prevailing in the country helped Cambodia to attract more foreign direct investment (FDI) in 2023, particularly to its industrial sector, according to experts.
Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo said the country targets to implement the Philippines-South Korea Free Trade Agreement (FTA) by the first half of 2024, or around nine months since it was signed by both parties.
The Significant Investments Review Bill will introduce a new investment management regime for specified entities identified as being critical to national security, says Trade and Industry Minister Gan Kim Yong.
The visit of a German delegation to Cambodia, led by Tino Chrupalla, Chairman of the AfD Parliamentary Group, further strengthened the economic ties between the two, according to the Council for the Development of Cambodia (CDC).
The year 2023 is an important year for the Republic of Korea (RoK) and Vietnam as it is the first year the two countries officially carried out the Comprehensive Strategic Partnership, and the East Asian nation pins hopes on the latter to support the country in realising its cooperation goals with the Association of Southeast Asian Nations (ASEAN) in 2024, a Korean expert has said.
AS we usher in the new year, it is important that we take a step back, and learn the right lessons from 2023’s challenges.
The government has urged the United States to restore Generalized System of Preferences (GSP) trade benefits and remove the country from its watch list for intellectual property (IP) enforcement, according to Deputy Prime Minister Phumtham Wechayachai.
Cambodia exported over 656,000 tonnes of milled rice in 2023, marking a 3% increase from the previous year and generating over $465 million in revenue, a rise of 13%, as reported by the Cambodia Rice Federation (CRF), the Kingdom’s apex rice industry body.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
