Cambodia, South Korea Studying Free Trade Deal

Cambodia is collaborating with South Korea on a one-year “feasibility study” of a free trade agreement between the two nations, according to a Dec. 12 report from the Hong Kong Trade Development Council. In a joint statement, the countries said a trade deal will “strengthen relations,” promote “service exports” and improve economic growth, the report said. Cambodia mainly exports garments, footwear, electronics, natural rubber and travel accessories to South Korea, while importing South Korean knitted textiles, trucks, electronics, cosmetics and beverages, the report said. All the goods are likely to be impacted by a potential trade deal.