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Economic Watch: Cambodia expects China, RCEP to help boost economic recovery - Buz & Tech News


2021-04-28 05:30:34 GMT2021-04-28 13:30:34(Beijing Time) Xinhua English
by Mao Pengfei, Nguon Sovan
PHNOM PENH, April 28 (Xinhua) Amid the raging COVID-19 pandemic, Cambodia s economy in 2020 registered its slowest growth since 1994. However, the country s growth is projected to rebound 3.5 percent this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP).
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A government report showed that the Southeast Asian nation s economy shrank 1.9 percent last year, to 27.6 billion U.S. dollars.
Despite the pandemic, Cambodia s total trade volume reached 35.8 billion dollars in 2020, up 2.5 percent from a year earlier. The GDP growth in 2021 is forecast to rebound 3.5 percent this year, said the government report. ....

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Cambodia expects China, RCEP to help boost economic recovery


The 15 Asia-Pacific countries signed the RCEP pact on Nov 15,2020, forging the world s largest free trade agreement. - AFP
PHNOM PENH (Xinhua): Amid the raging Covid-19 pandemic, Cambodia s economy in 2020 registered its slowest growth since 1994. However, the country s growth is projected to rebound 3.5 per cent this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP).
A government report showed that the Southeast Asian nation s economy shrank 1.9 per cent last year, to US$27.6bil.
Despite the pandemic, Cambodia s total trade volume reached $35.8 billion in 2020, up 2.5 per cent from a year earlier. The GDP growth in 2021 is forecast to rebound 3.5 per cent this year, said the government report. ....

New Zealand , South Korea , Chheang Vannarith , Phnom Asian Vision Institute , Council Of Ministers , National Assembly , Ministry Of Health , Association Of Southeast Asian Nations Asean , Regional Comprehensive Economic Partnership , Supreme National Economic Council , Cambodia Development Resource Institute , Cambodia Ministry Of Commerce , Southeast Asian , Finance Ministry , Phnom Penh Based Asian Vision Institute , Agriculture Minister Veng Sakhon , Cambodia China Free Trade Agreement , Southeast Asian Nations , புதியது ஜீலாந்து , தெற்கு கொரியா , ஃப்நாம் ஆசிய பார்வை நிறுவனம் , சபை ஆஃப் அமைச்சர்கள் , தேசிய சட்டசபை , அமைச்சகம் ஆஃப் ஆரோக்கியம் , சங்கம் ஆஃப் தென்கிழக்கு ஆசிய நாடுகள் யாசீன் , பிராந்திய விரிவான பொருளாதார கூட்டு ,