Cambodia Requests Responsive and Full Compliance with GSP by the U.S.

Cambodia has requested the United States of America to ensure responsive and full compliance with its committed generalised system of preferences to allow least developed countries with duty-free and quota-free access to its market.

The proposal was made recently by the Commerce Secretary of State H.E. Ok Boung when receiving a delegation led by Marta Prado, director for Southeast Asia and the Pacific at the United States Trade Representative at the ministry office in Phnom Penh.

As pointed out by the secretary of state, as of 2017 the U.S. has applied generalised system of preference of 82.6 percent with Cambodia for particularly produces that Cambodia are not producing much. The U.S. has applied ordinary duties with Cambodia for imports of garment and other sectors Cambodia produces less.

At a forum of the World Trade Organisation in Hong Kong, he added, the U.S. along with other developed nations had pledged to allow at least 97 percent duty-free and quota-free access to its market for least developed countries including Cambodia.

Other developed countries, like Australia, Canada, China, European Union, Japan, New Zealand, Norway, and Switzerland have already fulfilled their commitment.

In response, the visiting U.S. trade delegation encouraged Cambodia to review the list of produces to include for the generalised system of preferences to the U.S. for its re-consideration.

As it now stands, the United States of America is Cambodia's second largest trade partner.

Source: Agency Kampuchea Press