Cambodia exports footwear to China under RCEP

• Mar 11, 2022

Cambodia has exported footwear products to China under the Regional Comprehensive Economic Partnership Agreement, which took effect on January 1 this year.

Kith Meng, President of the Cambodia Chamber of Commerce and Chairman of the Asean Business Advisory Council, mentioned the development during a meeting held virtually on Thursday with Satvinder Singh, Deputy Secretary-General for Asean Economic Community for 2021-2024.

“The Kingdom of Cambodia is a leading country in using the comprehensive economic partnership agreements to export footwear products to China,” Meng said. He said that eleven countries of the RCEP ratified the pact till now. RCEP covers approximately 30 percent of the world’s population, accounts for about 30 percent of the global gross domestic product, and represents around 28 percent of global trade.

In the meeting, Meng also raised the priority directions of the Asean Business Advisory Council in accordance with and supporting the common theme of Cambodia, the Asean Chair.

He noted the involvement of the Asean Business Advisory Council in the development of micro, small and medium enterprises, the implementation of the Asean Tourism Corridor Framework, the Digital Economy and the solution of logistics and supply chain issues.

Meng indicated that the recommendations for trade facilitation proposals proposed by the private sector include the need to implement common principles of Asean non-tariff measures, establishment of expert advisory groups on non-tariff measures, update the necessary goods, promote the adoption in the principle of the low-cost delivery programme and opening of the Asean Commodity Code the same in all Asean countries

Source: https://www.khmertimeskh.com/501039486/cambodia-exports-footwear-to-china-under-rcep/