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Logo of the RCEP. The Regional Comprehensive Economic Partnership (RCEP / ˈ ɑː r s ɛ p / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2]
Vietnam free trade agreement [3] China trade and economic agreement; Iran free trade agreement [4] Serbia free trade agreement [5] Singapore free trade agreement [6] European Union Armenia qualifies to export its products under the EU's Generalized System of Preferences (GSP) Georgia [7] Ukraine [8]
In Phnom Penh in March 2024, South Korea's Ministry of Trade, Industry and Energy and Cambodia's Ministry of Commerce discussed ways to strengthen bilateral cooperation in areas such as trade, infrastructure and carbon neutrality. [1]
Once the 6 first signatories accomplished their goal by 2010, the CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam) engaged in the same policy on tariffs, with the same goal to achieve by 2015. [6] In 2010, the ASEAN–China Free Trade Area became the largest free trade area in terms of population and third largest in terms of nominal GDP.
ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) is a free trade area between ASEAN and ANZCERTA that was signed on 27 February 2009 and came into effect on 1 January 2010. Details of the AANZFTA agreement are available online. [27] ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010 [28]
Trade between Cambodia and China totaled US$4.8 billion in 2016, [18] compared to $732 million in 2006 and has increased by an average of 26% for the last 10 years. [9] However, Cambodia has a significant trade deficit with China, importing over $3.9 billion (raw fabrics being the largest constituent) compared to its exports of $830 million. [18]
a comprehensive economic partnership agreement with Japan [13] came into force on 1 December 2008; the ASEAN Korea Free Trade Agreement, [14] the trade in goods provisions came into effect on 1 June 2007, an agreement for trade in services was signed in 2007 and the trade in investments provisions were signed in 2009; [15]
Countries in ASEAN free trade agreement. The trade relationship between Australia and Cambodia is growing rapidly. In 2020, total two-way trade between the two was valued at AUD$432 million, which was a 21.6% increase on the year before. [1] Australian total goods exports to Cambodia in 2020 also saw a 43% increase on the year prior. [1]