The United Arab Emirates (UAE) and Cambodia have recently finalized discussions on a Comprehensive Economic Partnership Agreement (CEPA) after three rounds of negotiations that began in December of the previous year.
The agreement, which covers trade, customs procedures, sanitation and phytosanitary, investment, digital trade, intellectual property, small and medium enterprises, dispute resolution mechanisms, and provisions for services, is expected to be signed by both parties this year.
Cambodia aims to explore the export potential of various products, including garments, footwear, and travel goods, to the UAE.
CEPA will contribute to the strengthening of bilateral relations by opening market channels more widely, providing more investment opportunities for mutual benefits, and deepening cooperation in other economic activities.
This agreement marks a significant milestone in the economic relations between the UAE and Cambodia and is expected to boost trade and investment between the two countries.