Over the past decades, following Cambodia’s accession to the World Trade Organization (WTO), the country has implemented numerous reforms, leading to economic growth and prosperity. Cambodia is considered to be well-integrated into the global economy. However, with its upcoming graduation from the Least-Developed Country status, the country will face increased competition in the global economy. For instance, it will lose preferential access to markets such as the EU upon graduation. At present, Cambodia benefits from preferential market access to the EU under the Everything But Arms initiative. Therefore, Cambodia needs to ensure its continued competitiveness.
International Economics (IEC), under the ARISE Plus Cambodia programme, is providing technical assistance to Cambodian negotiators with regard to the implementation of free trade agreements (FTAs). The aim is to support greater connectivity and economic integration between Cambodia and the rest of the Association of Southeast Asian Nations (ASEAN) by implementing the ASEAN Economic Community Blueprint 2025 and strengthening institutional capacity.