Cambodia wants the Eurasian Economic Union (EAEU) to include more Cambodian products like garments, shoes, bicycles and sugar in its tariff scheme.
The EAEU is an economic bloc composed of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Cambodia and the EAEU have agreed to further cooperation in the industrial, agriculture and telecommunications sectors as well as enhance trade and investment, streamline customs procedures, and cooperate on setting industry standards, accreditation mechanisms and sanitary and phytosanitary requirements.

The EAEU has also accepted the Cambodian proposal to study the possibility of establishing a framework for the negotiation of a tree trade agreement in future.

Both parties have also agreed to jointly work on intellectual property issues, and explore the possibility of establishing a working group on digitalisation.

Cambodia seeks to gain preferential access to as many markets as possible, as well as sign free trade agreements with other nations and economic blocs.

Currently, the European Union takes 45 per cent of Cambodia’s exports, the United States 25 per cent, and the resulting 30 per cent goes to the rest of the world.

Most exports to northern Eurasia are subject to import taxes. Right now, Cambodia has no trade preferences with the EAEU, which makes its products there less competitive.