China, Cambodia Clinch Free Trade Pact in Under a Year



Prak Chan Thul | Reuters

PHNOM PENH (Reuters) – China and Cambodia signed a free trade agreement on Monday, put together in under a year and aimed at slashing tariffs and boosting market access between Beijing and one of its most important Asian allies.

The agreement, for which talks started late last year, covers sectors that include trade, tourism and agriculture, under which both countries will cut duties for their products.

The signing was attended by the Chinese government’s top diplomat, State Councillor Wang Yi and Cambodian Prime Minister Hun Sen at a ceremony streamed online.

“The signing of the agreement signifies even stronger ties between the two countries and marks another key historical milestone for Cambodia China relations,” Cambodia’s Commerce Minister, Pan Sorasak, told the ceremony.

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