Cambodia has pinned hopes on the Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral Free Trade Agreements (FTAs) to boost its exports of garment, footwear and travel (GFT) goods. | ManilaBulletin READ:
Cambodian Footwear Association president Ly Khun Thai said the Southeast Asian country has seen a significant rise in the exports of shoes to China and South Korea since the RCEP and Cambodia's bilateral FTAs with China and South Korea entered into force last year.
The country exported GFT goods worth 5.26 billion U.S. dollars from January to June this year, down 18.7 percent from 6.47 billion dollars in the same period last year, according to the General Department of Customs and Excise's report. Cambodian Ministry of Commerce's undersecretary of state and spokesman Penn Sovicheat said the RCEP and Cambodia's bilateral FTAs with China and South Korea are key contributors to boosting the country's exports.
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