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Cambodia, China conclude FTA talks: Ministry

Cambodia and China have wrapped up trade talks following a video conference between Cambodian Commerce Minister Pan Sorasak and his Chinese counterpart Zhong Shan on July 20, the Cambodian Commerce Ministry said in a press release.
Cambodia, China conclude FTA talks: Ministry ảnh 1Illustrative image (Source: AP)

PhnomPenh (VNA) - Cambodia and China have wrapped up trade talks following avideo conference between Cambodian Commerce Minister Pan Sorasak and hisChinese counterpart Zhong Shan on July 20, the Cambodian Commerce Ministry saidin a press release.

RasmeiKampuchea quoted the press release as saying that both sides spoke highly ofthe bilateral free trade agreement (FTA), which mirrors the long-standing andcomprehensive partnership between the two countries.

Thesuccessful conclusion of negotiations over the FTA within a short timeframereflects the commitments of the two countries’ leaders to building closer ties,the ministry said.

The FTAwill provide various socio-economic benefits to the two peoples through tradeliberalisation and the facilitation of investment and cooperation in a numberof fields.

Bothcountries are completing all the necessary internal procedures for the FTA tobe signed this year.

The twocountries began to discuss the feasibility of a bilateral FTA in December 2019and launched the first round of negotiations in January./.
VNA
#trade talks#video conference#Cambodian Commerce Minister Pan Sorasak#Chinese counterpart Zhong Shan#FTA#Vietnamplus#Vietnam News Agency
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