Cambodia urged to join TPP

The Cambodian government needs to take stock of its economic place within ASEAN, and globally, to continue its growth trajectory given the anticipated ratification of a major international trade pact expected to erode the competitiveness of the Kingdom’s biggest industrial sector, US Ambassador to Cambodia William Heidt said yesterday.

Addressing AmCham Cambodia’s annual meeting, Heidt said the Trans-Pacific Partnership (TPP) agreement – which creates a 12-member trade bloc that accounts for 40 per cent of the world’s economy – will make Vietnam a top US trading partner, potentially at the expense of Cambodia, which is not part of the landmark agreement.

“The ASEAN economic community is leading to faster integration in the region,” he said.

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