Monday, January 18, 2021

China, Cambodia sign free trade deal to go into effect early 2021

Cambodia will also be one of the first countries to receive Covid-19 vaccines developed by China.

Other News

Jumlah kematian Covid-19 melepasi angka 600

3,339 kes baru, 2,676 dilaporkan sembuh.

Death toll crosses 600 with 240 in ICU

3,339 new cases, 2,676 recoveries.

Polis rampas dadah bernilai RM201 juta di Johor

Ia merupakan rampasan dadah terbesar menerusi serbuan di tiga stor penyimpanan di sekitar bandar di Johor.

Law minister denies emergency proclamation politically motivated

Law minister Takiyuddin Hassan says Covid-19 is a matter of life or death while the election is only an issue of winning or losing.

Mangsa banjir di Sabah meningkat, Pahang, Sarawak beransur pulih

Setakat 8 pagi ini di Sabah, jumlah mangsa banjir meningkat kepada 176 orang berbanding 122 orang malam tadi.

China and Cambodia have signed a free trade agreement which will reduce tariffs and boost market access between Beijing and one of its most important Asian allies.

The deal was sealed on Monday in Phnom Penh at the end of a two-day visit by Chinese Foreign Minister Wang Yi who had lengthy discussions with Cambodian Prime Minister Hun Sen.

The agreement, which was put together in under a year, covers trade, tourism and agriculture. Both countries will cut duties on their products early in 2021.

The two countries also signed an aid package from China worth US$140 million for priority infrastructure projects in Cambodia this year, official media Fresh News reported Monday.

The deal will be a much-needed boost for Cambodia, which lost part of its special trade preferences with the European Union in August over human rights concerns. The loss of this key market for its exports convinced the Cambodian government to focus its economic attention on China, the largest investor in the country, accounting for over 40% of foreign investment.

Monday’s agreement is one of the first fruits of that decision.

Wang also promised that Cambodia would be one of the first countries to receive Covid-19 vaccines developed by China.

Wang Yi’s visit to Cambodia is part of a five-day tour of several Southeast Asian countries that will also take him to Malaysia, Thailand, Laos, and Singapore.

Follow us on Telegram for the latest updates: https://t.me/malaysianow

Subscribe to our newsletter

To be updated with all the latest news and analyses.

Related Articles

China’s booming cities urge migrant workers to stay safe, avoid New Year trip home

At New Year, 280 million rural migrant workers, as well as millions of white-collar workers who live far from home, usually travel home to spend rare time with their family.

WHO team finally arrives in China to probe origin of coronavirus

The investigation finally looks set to begin after some initial hiccups.

China reports first virus death in 8 months

No details were given about the latest death by health authorities, except that it occurred in Hebei province, where the government has placed several cities under lockdown.

‘Say ahh’: Chinese robots take throat swabs in fight against Covid outbreak

Robotic arms, built to collect samples quickly while lowering the risk of cross-infection between people, are used as part of a campaign to suppress a rise in cases.

‘Uncle Roger’ sparks China censorship row with deleted video

Nigel Ng, popularly known as 'Uncle Roger', apologised to Chinese fans and removed a video featuring a fellow YouTube star who had been critical of Beijing.