News analysis

Modest gains expected from upcoming Cambodia-China free trade agreement

The flaring confrontation between the US and China is putting smaller states in the region in an awkward position.PHOTO: AFP

BANGKOK - Having dodged the worst of the coronavirus pandemic so far with just 240 infections to date, Cambodia is facing structural economic headwinds.

On Aug 12, tariff exemption on about €1 billion worth of Cambodia's exports to the European Union (EU) will be withdrawn. In October, the Kingdom may also join the bloc's blacklist of countries at risk of money laundering. Cambodia's economy is projected to shrink 1.9 per cent this year.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.