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| China's WTO Membership to Help Cambodian Trade: Official |
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THU, NOV 08, 2001
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China's expected entry into the World Trade Organization (WTO) will ensure Cambodia special trade status with the regional giant, allowing it to sell goods to Chinese markets at reduced import fees, a government spokesmnan was quoted by the Cambodia Daily as saying Thursday.
Chem Widhya said that under an ASEAN (the Association of Southeast Asian Nations)-China free trade agreement proposed at this week's ASEAN summit in Brunei in anticipation of China's WTO membership, Cambodia would be one of the region's poorer countries that would enjoy lower tariffs in order to allow them to compete economically with their more developed neighbors.
"China has the opportunity to open its huge market to the ASEAN countries," he said.
Cambodia wants jobs created by bringing Chinese tourists and investors to Cambodia, he added.
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