News

Kingdom leveraging FTAs ahead of LDC exit

As Cambodia approaches its graduation from the Least Developed Country (LDC) status in 2029, government officials and private sector representatives have emphasized the critical role of free trade agreements (FTAs) and trade preferences in sustaining the country’s economic growth. ...

Chea Vanyuth
https://www.khmertimeskh.com/501609156/kingdom-leveraging-ftas-ahead-of-ldc-exit/

Cambodia needs policy responses, strategy to exit from LDC, Sour says

Cambodia requires thoughtful policy responses and a comprehensive strategy on its path to LDC graduation, said Heng Sour, Minister of Labour and Vocational Training (MLVT) yesterday. ...

Mom Kunthea
https://www.khmertimeskh.com/501606814/cambodia-needs-policy-responses-strategy-to-exit-from-ldc-sour-says/

MoC outlines tasks to secure trade preferences for post-LDC transition

The Ministry of Commerce (MoC) is negotiating with trading partners to secure favourable trade preferences during the country’s transition period from the Least Developed Country (LDC) status, which is set to end in 2029. ...

Chea Vanyuth
https://www.khmertimeskh.com/501570203/moc-outlines-tasks-to-secure-trade-preferences-for-post-ldc-transition/

Trade pressures on Cambodia

Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...

Khmer Times Staff
https://www.khmertimeskh.com/501307802/trade-pressures-on-cambodia/

Kingdom may exit LDC ‘by 2028’ on RCEP

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-may-exit-ldc-2028-rcep

Economic changes needed, says ADB

A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ...

May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/

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