Cambodia has undergone a remarkable socio-economic transformation over the past decade, positioning itself as an export-oriented country. The country’s exports are concentrated among several trading partners which accord Cambodia preferential market access given its Least Developed Country (LDC) status. With LDC graduation potentially occurring in 2024, the Cambodian Government has been actively preparing its economy and industry for the potential disruptions arising from the loss of tariff preferences. Cambodia has equally signed multiple plurilateral and bilateral trade deals and is expected to negotiate additional agreements to retain preferential market access.
With funding from the GIZ, International Economics Consulting Ltd. (IEC) has assisted Cambodia with regard to two related but distinct activities under ARISE Plus Cambodia namely an FTA potential study and a handbook on analytical preparations for trade negotiations. The main purpose of the FTA potential study is to provide information to the Government to prioritise potential partners for bilateral trade agreements and to build the government officials’ capabilities in interpreting the results of the analysis. With regard to the second activity, the main purpose of the handbook is to produce a user-friendly guide to existing analytical resources that can support negotiators and analysts as they prepare for and conduct bilateral trade negotiations.