Prime Minister Hun Sen said that adhering to the principles of multilateral trading system and enhancing trade liberalization would promote ASEAN as an open, transparent, and inclusive region.
Cambodia and the Philippines have agreed to strengthen collaboration in various fields.
Ministers from different ministries on Wednesday signed 18 agreements, memorandums of understanding and other official documents with Chinese counterparts during a ceremony attended by Prime Minister Hun Sen and Chinese Premier Li Keqiang at the Peace Palace in Phnom Penh.
Hong Kong expects to be joining the Regional Comprehensive Economic Partnership (RCEP) as the administration sets to discuss its inclusion with all 15 RCEP members next year. Economic analysts see the presence of Hong Kong in the free-trade bloc as a boost to the ASEAN economy.
China and the Association of Southeast Asian Nations (ASEAN) are geographically close, economically complementary and culturally connected. In recent years, a long-term steady bilateral trade relationship has been built.
With many ASEAN+3 economies now fully reopening their borders, the region’s economic activity in the first half of 2022 has benefitted from a revival in domestic demand, supported by greater mobility and a pick-up in manufacturing.
Businesses from the Association of Southeast Asian Nations, an important trading partner of China, are actively taking part in the China International import Expo.
The Institute for Democracy and Economic Affairs (IDEAS), a Malaysian think tank, highlighting the need for the 10-member regional grouping's leaders to accelerate the process of economic integration to realise the potential of a greater intra-regional trade, moving forward.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
