Cambodia to push for establishment of RCEP Secretariat in Siem Reap
Prime Minister Hun Sen called on Beijing, on Aug 3, to support the setting up of the RCEP office in Cambodia.
Prime Minister Hun Sen called on Beijing, on Aug 3, to support the setting up of the RCEP office in Cambodia.
China, which has submitted its own request, will block any bid by Taiwan, which it views as its own, to join too.
The link uses a digital security mechanism so customers and related agencies can track goods moving on the route in real time, among other advantages.
“Bilateral and multilateral free trade deals will be practical tools for China to put its foreign trade growth on a firmer footing”, stated an industry expert.
“They successfully completed the risk assessment of the orchard harvesting, fruit packaging, pest monitoring”, among other evaluations, reported the Chinese Ambassador.
He noted Singapore was the second-highest source of overseas Filipino workers remittances in 2021, generating around $2.2 billion.
Higher prices of energy and petroleum products accounted for 78 per cent of this year’s trade deficit so far, according to the central bank.
“If the jobs in the Philippines are already complete, we still have the opportunity to show how good our overseas workers are,” he added.
Despite undergoing a trade recession in 2020, the two countries’ dealings have managed to recover, with data placing two-way trade at US$9.87 billion in 2021.
During the first six months, exports and imports between China and other RCEP countries hit $939.3 billion, accounting for about 32 per cent of China's total trade.