China and Cambodia signed a free trade agreement (FTA) in Phnom Penh on October 12, with Cambodian Prime Minister Hun Sen and visiting Chinese State Councilor and Foreign Minister Wang Yi attending the signing ceremony.
A vendor carries fruit for sale in Phnom Penh, capital of Cambodia. (Photo: www.globaltimes.cn/)
Hanoi (VNA) - China and Cambodia signed a free tradeagreement (FTA) in Phnom Penh on October 12, with Cambodian Prime Minister HunSen and visiting Chinese State Councilor and Foreign Minister Wang Yi attendingthe signing ceremony.
TheFTA, Cambodia's first such bilateral deal, was completed after just threerounds of talks that started in January and finished in July. It was signedvirtually by Cambodia's Minister of Commerce Pan Sorasak and his Chinesecounterpart Zhong Shan.
Covering a wide range of cooperation areas of investment, trade, tourism,transportation and agriculture, the deal is aimed at slashing tariffs and boosting marketaccess between the two countries.
“The signing of theagreement signifies even stronger ties between the two countries and marksanother key historical milestone for Cambodia China relations,” Pan Sorasaksaid at the signing ceremony.
He hoped the agreement, to come into effect early next year, would provide a more robust economic partnerships through a higher degreeof market access, liberalisation for goods, services and investment.
Currently,Cambodia's domestic demand is gradually recovering. In the October 2020 updatereport on the economic outlook for East Asia and the Pacific, announced onSeptember 29, the World Bank (WB) predicted that Cambodia's economy willdecline by 2 percent in 2020.
A report by the Asian Development Bank (ADB) expected the Cambodian economy torecover with a 5.9 percent growth in 2021./.
Deputy Foreign Minister and Head of the National Border Committee Le Hoai Trung has hailed the significance of the signing of two legal documents on land border demarcation and border marker planting between Vietnam and Cambodia.
Chinese President Xi Jinping has pledged to encourage Chinese investors to do business in Cambodia, contributing to the kingdom’s economic development.
Cambodian Deputy Prime Minister Hor Nam Hong said on July 23 that Cambodia and China will sign a free trade agreement before August 12 ahead of the European Union’s partial withdrawal of the Everything-but-Arms (EBA) trade status.
China has extended 140 million USD worth of grant aid on Cambodia’s urgent development projects, freshnewsasia.com cited a Facebook post of Cambodian Deputy Prime Minister Hor Namhong as saying.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
A vendor carries fruit for sale in Phnom Penh, capital of Cambodia. (Photo: www.globaltimes.cn/) 
