TPP Is Expected To Reduce Outsiders' Investment In Cambodia To About $6 Billion In The Garment Industry.

Heidt, the US ambassador to Cambodia, said that the Kampuchea government needs to carry out various economic measures, including within the ASEAN and global, to continue its economic growth, thanks to the "p Pacific Partnership Agreement".

It is expected to reduce the competitiveness of Kampuchea's largest industrial garment industry.

Ambassador Heidt said at the annual meeting of the Kampuchea chapter of the American Chamber of Commerce. The canal said that TPP will create a trade bloc of 12 member states, accounting for 40% of the gross domestic product (GDP) of the world, and TPP will make Vietnam the main us.

Partners are mainly to reduce Kampuchea's competitiveness.

The ASEAN Economic Community (AEC) will be further integrated, but the most important thing is that TPP will speed up the integration process, so Kampuchea needs to think deeply about how the economy will cope.

TPP is expected to reduce outsiders' investment in Cambodia by about $6 billion.

Because manufacturers can establish more factories in Vietnam, Vietnam is a signatory to TPP, enjoying the preferential tariff treatment of the United States and other TPP member states.

The canal said that Vietnam's accession to the TPP would make Kampuchea lose its opportunities and lag far behind. However, it has not formally joined the framework of TPP so far. The canal says that the United States and Kampuchea economists are studying whether to join TPP.

The canal said it would help Kampuchea join the TPP, so that it could further develop the economy and attract more American companies to invest.

AmCham chairman Brett Sciaroni said that the chamber of Commerce has delivered a white paper to the Cambodian government to promote trade agreements between the two countries, which will serve as stepping stones to TPP.

The canal emphasizes that TPP has been established and Kampuchea needs to join it.

The canal said that if Vietnam and Thailand were eligible to join, Kampuchea had no reason to be rejected.