Cambodia, US reach agreement on key terms of reciprocal trade deal
According to a press release from the Royal Government Spokesperson Unit on June 7, the negotiations took place from June 4 - 6 in Washington, D.C., during which both sides exchanged views and discussed the draft agreement with great mutual understanding.
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia, led the working group for the negotiation mission on the Cambodia-US Free Trade Agreement last month. (Photo: khmertimeskh.com)
Phnom Penh (VNA) - The Ad Hoc Cambodia–US Bilateral Relations Coordination Working Group and the Office of the US Trade Representative have recently concluded the second round of negotiations on a draft Agreement on Reciprocal Trade, reaching consensus on several substantial provisions.
According to a press release from the Royal Government Spokesperson Unit on June 7, the negotiations took place from June 4 - 6 in Washington, D.C., during which both sides exchanged views and discussed the draft agreement with great mutual understanding.
The Cambodian delegation was led by Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, and Cham Nimul, Minister of Commerce. Sarah Ellerman, Assistant US Trade Representative for Southeast Asia and the Pacific, headed the US side.
They agreed to convene a third round of negotiations shortly, also in Washington, D.C., the statement noted.
The statement also underlined that the Cambodian Government will conti🍒nue to cooperate closely with the US to achieve a mutually beneficial trade and investment relationship./.
In a letter sent to US President Donald Trump, Cambodian Prime Minister Hun Manet requested negotiations after the US imposed a 49% tariff on products from Cambodia, urging Trump to postpone the tariff implementation.
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