Analysts say US withdrawal from TPP saves Cambodia
/ January 25, 2017
US President Donald Trump’s executive order pulling the US out of the Trans-Pacific Partnership (TPP) will save Cambodia from losing competitiveness in the garment industry, analysts said yesterday. The TPP would have eliminated most tariffs in the garment sector and the Kingdom would have lost out in favor of Vietnam, one of the 12 Pacific-rim countries that signed the deal. David Van, managing director for the Bower Group Asia, said with the rejection of the TPP by the Trump administration, Cambodia has been saved for the time being. However, he pointed out that the country would have to work hard on a bilateral agreement with the US. (Source: Khmer Times)
