Cambodia aims to boost exports to Eurasian states

Cambodia signed an agreement with the Eurasian Economic Commission (EEC) yesterday with the aim of diversifying its exports to the Eurasian Economic Union (EAEU) member states, a market of almost 183 million people. The deal followed the first session of a joint working group seeking to expand trade cooperation between the two sides. In the meeting yesterday, five representatives from the member states of the EAEU—Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia—discussed investment in sanitary, phytosanitary and veterinary systems, technical regulation applications, customs and trade facilitation, and export-boosting measures with senior officials from the Ministry of Commerce (MOC). According to Tekreth Kamrang, the secretary of state of the MOC, the joint working group allows both sides to study potential investment opportunities and work through any challenges that may arise as the FTA agreement may be worked on for the next three to four years. In 2015, Cambodia exported products worth about $104mn to the EAEU and imported about $11mn in goods. (Source: Khmer Times)