WTO Acknowledges Inclusive Growth of Cambodia

World Trade Organisation (WTO) has, in its session on second trade policy review of Cambodia in Geneva, Switzerland, acknowledged Cambodia's rapid development and achievements in the past years.

Minister of Commerce H.E. Pan Sorasak updated the news during last week's Cambodian cabinet meeting chaired by Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen, according to the recent post on the ministry's official Facebook page.

Cambodia, underlined the minister, entertained meaningfully questions from participating representatives of some 20 member countries and two agencies of the United Nations �UNCTAD and UNIDO � especially on support legislation, implementation of international conventions, customs procedure reform and trade facilitation, and trade atmosphere.

Those participants as a consequence appreciated the progress made by Cambodia, he added.

They were also interested in the development of Cambodia's e-commerce and industry, infrastructure, supply capacity, institutional reform and human resources that allow inclusive economic growth in the country.

Since the first trade policy review in 2011, Cambodia has achieved its annual economic growth by 7 percent on average and the country's GDP per capita rose to US$1,302 in 2016 � a remarkable increase compared to only US$911 in 2011.

Source: Agency Kampuchea Press