Cambodia to eliminate all tariffs on U.S. Industrial and Agricultural Goods under new trade deal

The United States and Cambodia have agreed to a trade deal that will provide U.S. exporters with unprecedented access to Cambodia’s market.

According to the White House, Cambodia has agreed to eliminate all tariffs on U.S. goods, including food and agricultural products and industrial goods, meaning that U.S. exports to Cambodia will not face a duty.

Cambodia has committed to treat U.S. exports fairly, including recognizing U.S. regulatory oversight to ensure that U.S. goods do not need to undergo burdensome additional testing requirements.

U.S. exports to Cambodia will no longer face competitive disadvantages vis-à-vis other trading partners.

The Office of the United States Trade Representative explained the move in detail, stating :

“DELIVERING ON RECIPROCAL TRADE: Today, President Donald J. Trump signed a trade agreement that will provide Americans with unprecedented levels of market access in Cambodia. The United States and Cambodia reached an Agreement on Reciprocal Trade, a legally binding agreement, that will provide American exporters with access to Cambodia’s market while bolstering U.S. national and economic security.

Key terms of the U.S.-Cambodia Agreement on Reciprocal Trade include:

Tariffs:

Cambodia has eliminated tariffs on 100 percent of U.S. products exported to Cambodia, creating commercially meaningful market access opportunities for the full range of U.S. exports, supporting high-quality American jobs.

Source: Khmer Times