Phnom Penh (FN), Dec. 5 – The report on the ‘Feasibility Study on the FTA between Kingdom of Cambodia and Eurasian Economic Union’ was launched by Minister of Commerce, HE Pan Sorasak and Professor Nishimura, president of Economic Research Institute for ASEAN and East Asia (ERIA) on 4 December at Ministry of Commerce, Phnom Penh, Cambodia.
Over 80 participants from government ministries, NGOs, international organizations, and research institutes attended the event.
“To expand market access to Eastern Europe, Cambodia is currently exploring a free trade agreement (FTA) with the Eurasian Economic Union – a common market comprised of five nations (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia), 176 million people, and a gross domestic product of US$2.5 trillion,” according to the press release by Economic Research Institute for ASEAN and East Asia dated 4 December 2019.
“An FTA between Cambodia and the Eurasian Economic Union (EAEU) would allow both sides to increase trade, investment, and economic collaboration. The study examined the key impacts of Cambodia–EAEU FTA (CEFTA) on the Cambodian economy and the Association of Southeast Asian Nations (ASEAN) region in terms of trade, investment, welfare, and growth impact on the domestic and regional economy,” the press release said.