UAE, Cambodia conclude talks on CEPA

Cambodia is exploring the export potential of a variety of products, including garments, footwear and travel goods, to UAE.

The United Arab Emirates and Cambodia have announced concluding talks on a Comprehensive Economic Partnership Agreement after three rounds of negotiations that began last December. Cambodia is exploring the export potential of a variety of products, including garments, footwear and travel goods, to UAE. Both sides will work to sign the agreement this year.

Cambodian commerce minister Pan Sorasak said that the agreement covers trade, customs procedures and sanitation and phytosanitary, investment, digital trade, intellectual property, small and medium enterprises, dispute resolution mechanisms, and provisions for services.

The pact will contribute to strengthening bilateral relations through opening market channels more widely and provide more opportunities for investment for mutual benefits and deepening cooperation in other economic activities, Cambodian media quoted the minister as saying.

The first round of talks took place in Dubai, followed by one each in Phnom Penh and Dubai.

Fibre2Fashion News Desk (DS)