Cambodia Supports ASEAN-Canada Free Trade Agreement Initiative

Cambodia has welcomed and supported the ASEAN-Canada Free Trade Agreement (FTA) initiative to boost regional partnership for economic and commercial development.

In a recent meeting here in Phnom Penh with H.E. Ian Burchett, Director General of Southeast Asia Bureau at Global Affairs Canada, Cambodian Minister of Commerce H.E. Pan Sorasak affirmed that Cambodia was optimist about the FTA initiative and intended to have a separate Cambodia-Canada bilateral free trade agreement in the near future.

According to the minister, such bilateral agreement will help further increase the two countries' cooperation in economy and trade, which in turn will particularly help Cambodia with human resources and information technology development. This, he added, will help reduce skill gaps and open opportunities for young entrepreneurs.

H.E. Pan Sorasak also informed the Canadian guest of the current reforms within the country to foster its regional competitiveness and potentials in agricultural sector, transportation sector, and industrial sector. The minister emphasised that the country was always a prime supporter of multi-lateral trading policies within the international arenas and urged the Canadian part to encourage more businessmen to invest in the country.

H.E. Ian Burchett expressed heartfelt thanks to Cambodia for supporting the ASEAN-Canada FTA initiative and agreed to convince more Canadian investors into the country, particularly to invest in the emerging financial service sector.

Source: Agency Kampuchea Press