Kingdom, WTO call on US to drop tariffs
Both Cambodia and the World Trade Organisation this week called on the United States to follow China’s lead in promising zero-tariff treatment to Least Developed Countries. Chinese President Hu Jintao, in a speech at the G20 summit in Cannes, France, on Friday, announced China would grant duty-free status to 97 per cent of its taxed imports from LDCs such as the Kingdom, provided they had diplomatic relations with China. The move was designed to prompt among developed countries a similar agreement, which awaits the conclusion of the Doha Development Round of trade negotiations among WTO members, Hu said. Cambodian officials responded positively to Hu’s sentiments, eager to lower trade barriers on the Kingdom’s narrow basket of exports…
