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Free trade deals with China and South Korea may boost produce

According to the general director of the General Directorate of Agriculture of the Ministry of Agriculture, Forestry and Fisheries (MAFF), the free-trade agreement (FTA) between Cambodia-China and South Korea will help push more Cambodian agriculture products to the Chinese and Korean market.

MAFF’s Agriculture General Director Ngin Chhay said that by having the FTA signed between Cambodia-China and South Korea, we believe that the negotiation on the sanitary and phytosanitary (SPS) process would be easier than the previous time. “Although we will sign a free trade deal, the SPS deal is still to be implemented. The FTA signing does not mean we can export agricultural products to China or Korea without having assessed the sanitary and phytosanitary (SPS) system.”

He said specific technical conditions remain to be implemented. However, he believed that China will check and evaluate the Cambodian agriculture products to the Chinese market faster.

Cambodia recently completed the third round of negotiations for the FTA with China, and plan to reach the deal by the end of the year. The Republic of Korea has also said that it has made further progress in fleshing out details for the planned FTA with Cambodia as Seoul seeks to broaden economic ties with Southeast Asian nations and diversify its export portfolio.

Source: khmertimeskh.com


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