Cambodia cancels trilateral pact on trade promotion for CLV-DTA

11 Nov '24

1 min read

Cambodia cancels trilateral pact on trade promotion for CLV-DTA

Pic: Adobe Stock

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Cambodia's national assembly last week approved the cancellation of the Agreement on Trade Promotion and Facilitation for the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA).
The decision was taken after assessing cooperation-related achievements over 25 years under the CLV-DTA.
Cambodia believes each of three countries now is fully capable of continuing and ensuring its own development.

Cambodia’s national assembly last week approved the cancellation of the Agreement on Trade Promotion and Facilitation for the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA).

The agreement was originally announced for withdrawal by the government on September 20 this year. The decision was taken after assessing cooperation-related achievements over the past 25 years under the CLV-DTA.

Cambodia believes that each of three countries now is fully capable of continuing and ensuring its own development, according to media reports in the country.

Cambodian minister of commerce Cham Nimul said the government had drafted a law to approve the cancellation of the agreement.

The repealed agreement only covered trade promotion and facilitation in the four Cambodian provinces of Stung Treng, Kratie, Mondulkiri and Ratanakiri that have international borders with Laos and Vietnam, she added.

Fibre2Fashion News Desk (DS)

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