Eyeing more trade with EAEU

22 Mar 2019 2047 | Business & Trade Fairs

The Ministry of Commerce is asking for the cooperation of the private sector to compile a list of products that could sell well in the Eurasian Economic Union.

The list will be used by the Cambodia government during trade negotiations with EAEU, a political, military and economic union formed by five countries – Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.

Speaking during a workshop yesterday, Tek Reth Kamrang, Cambodia’s secretary of state at the Ministry of Commerce, said Cambodia was granted preferential trade status in the EAEU market three years ago. 46 products can enter the EAEU market duty-free, she said.

Despite the trade privileges Cambodia enjoys, exports to EAEU are still relatively small, mostly composed of rice, fish and meat, she added

“We have to disseminate information on Cambodia’s preferential trade status in EAEU so that more people take advantage of this opportunity.

“Our EAEU partners have asked us to put together a list of potential products we can export and how much of them we have. We have to collect that information from the private sector before we can negotiate with EAEU,” Ms Kamrang said.