Cambodia hails growing trade with China thanks to pacts

China is the third largest export market for Cambodia, accounting for eight per cent of the Kingdom’s total export in 2021. - PPP

PHNOM PENH (The Phnom Penh Post/Asia News Network): Bilateral trade between Cambodia and China increased by more than 30 per cent year-on-year from January to April, reflecting the positive effects of the Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) on commerce, both of which entered into force in January.

According to a report from the Ministry of Commerce, two-way trade between the two countries reached nearly $4 billion in the four month period, representing a 31 per cent year-on-year increase. Cambodia’s exports totalled nearly US$424 million – with a slight 0.1 per cent fall – while total imports reached $3.5 billion, an increase of 35 per cent.