Deputy Prime Minister Hor Nam Hong said that Cambodia and China will sign a free trade agreement before August 12 ahead of the European Union’s partial withdrawal of the Everything-but-Arms (EBA) trade status.
https://bit.ly/3jEZt4B; https://bit.ly/3f2UBTx; https://bit.ly/3f37wEE;
Cambodia and Thailand have agreed to promote joint researches between both countries to enrich think tank and scholar networking.
The secretary-general of the National Authority for Combating Drugs Meas Virith on Monday took part in the Asean Community post-2025 Vision video conference, where he delivered a report on drug trafficking issues and anti-drug initiative results within the Asean amid the pandemic.
The Cambodian Permanent Mission to the United Nations office in Geneva has said the large amount of cases and limited number of judges is mainly responsible for overcrowding in the country’s prisons.
According to the World Bank’s latest economic update on Cambodia, the country’s economy this year will contract by -1 and -2.9 percent. This is a worrying sign given the kingdom’s reliance on tourism, manufacturing exports, agriculture and construction. In realising this fact, Australia has stepped up its efforts to help reduce the impact on Cambodian citizens, while also responding to its own economic issues.
Back in December 2019, the IMF warned that the withdrawal of the European Union’s trade preferences under the Everything But Arms scheme from Cambodia would cause a decline of exports to the EU of about 13%, and a 3 percentage point decline in GDP growth, without prejudice to other indirect effects.https://bit.ly/2WVL9La;
