It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system. These benefits increase as overall trade—exports and imports—increases. Free trade increases access to higher-quality, lower-priced goods.

The recently-signed Cambodia-China Free Trade Agreement (FTA) and the Regional Comprehensive Economic Partnership (RCEP) free trade pact will be key drivers to reboot Cambodia’s economic growth, the nation’s officials and experts said Xinhua.

Cambodia signed the bilateral FTA with China on October 12, 2020.

Benefit 1: Boost Cambodia’s economy and improving people’s livelihoods

Befefit 2: Provide us greater market access with no tariff barriers between the two countries, Cambodia and China.