Friday, July 4, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Prime Minister Hun Sen discusses the need for multilateral partnerships

June 5, 2021
in Business, Cambodia, National
0
Prime Minister Hun Sen discusses the need for multilateral partnerships
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Prime Minister Hun Sen yesterday discussed his government’s plan to strengthen the economy as the Kingdom’s readies itself to join the post-pandemic gold rush.

The pandemic struck the Kingdom’s main engines of growth hardest. The tourism, construction and garment industries jointly contributed to more than 70 percent of gross domestic product growth and employed about 39 percent of the workforce in 2019.

Speaking at the PG4 (Partnering for Growth and the Global Goals 2030) Seoul Summit in South Korea, the Prime Minister’s speech focused mostly on the issue of sustainable development.

However, he stressed that governments must adapt to multilateral frameworks to ensure that cooperation is at the heart of sustainable economic development after the pandemic.

“We need to pay more attention to the following: continuing to promote and support the principle of globalisation through the opening up of international trade to promote trade and economic growth,” Hun Sen said.

Cambodia has entered several free trade agreements during the pandemic and signalled that more may be ratified soon, including one with South Korea by the end of the year.

The yet-to-be fully ratified Regional Comprehensive Economic Partnership (RCEP) is perhaps the most substantial.

Simulations conducted by the Brookings Institute predict that the pact will add $209 billion annually to work income globally and $500 billion to world trade by 2030.

Cambodia’s real gross domestic product growth is anticipated to reach up to 0.56 percent as a result of the RCEP, according to an article titled “The Regional Comprehensive Economic Partnership and Its Potential Impact on Greenhouse Gas Emissions” in the Journal of Environmental Protection.

“GHG [greenhouse gas] emission impact results show that the RCEP is likely to ‘increase’ the total among of GHG emissions in the 16 RCEP members and the world. We observe increases in the amount of CO2 emissions in the non-agricultural sectors in each economy,” the paper said.

It did, however, add that Cambodia is anticipated to benefit the most under the deal – “the increases in Cambodia are the highest across total exports (8.96 percent) and total imports (10.31 percent],” the report said.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaHun Sen
Previous Post

Siem Reap anticipates border reopening with vaccination efforts on the increase

Next Post

Biden says US to share 25 million Covid-19 vaccine doses with the world

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
104

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
80

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

by AsiaOne
June 14, 2023
0
108

One of South Korea's top livestreamers was recently found dead in Cambodia. Byeon Ah-young's body was discovered — wrapped in a...

Most Popular

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

July 17, 2020
505
Cambodia rice production losses caused by droughts about $100 million

Cambodia rice production losses caused by droughts about $100 million

October 1, 2021
16
Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

July 3, 2023
104
Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

May 27, 2020
38
Waste-to-energy plans in Cambodia on hold for time being

Waste-to-energy plans in Cambodia on hold for time being

November 11, 2020
31
Ezecom, ISP in Cambodia, 14 years of operations to bring World-Class Digital Service for Cambodians

Ezecom, ISP in Cambodia, 14 years of operations to bring World-Class Digital Service for Cambodians

March 26, 2022
26

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!