Cambodia drafts new procedure to secure continued access to US market

This special trading framework focuses on strengthening mechanisms to monitor the use of local content and value addition, ensuring transparency and compliance with the rules of origin provisions agreed upon by both countries, a domestic media outlet reported.

The country’s Commerce Ministry has notified all producers and exporters to the US market about an upcoming trade policy.

The statement was reposted yesterday by Prime Minister Hun Manet on his official media platforms.

An MoC release said the government has strictly adhered to international trade rules, regulations and obligations and commitments under Cambodia’s accession to the World Trade Organization (WTO).

Cambodia enacted the Law on Rules of Origin (LRO) in July 2023 to promote and facilitate trade under preferential arrangements, implement non-preferential origin rules and prevent fraud related to the origin of goods, the statement noted.

ALCHEMPro News Desk (DS)