Why does Cambodia join WTO?

Membership of regional trade agreements and preferential trade agreements

Why did Cambodia join WTO?

b) Joining WTO would accelerate the reform of Cambodia’s trade regime, and help create a legal environment that was attractive to investors. c) Joining WTO would allow us to take commitments with regard to trade in services.

What does Cambodia gain from the membership of WTO?

By joining the WTO, Cambodia can now fully enjoy the rights that all members have under the WTO agreements, such as non-discrimination by other WTO members and the ability to use the WTO’s dispute settlement procedure.

Is Cambodia an ASEAN?

Cambodia will be ASEAN chair next year — its third time since joining the regional group in 1999. The last time Cambodia chaired ASEAN was in 2012, when it was fiercely criticised for siding with China at the expense of other ASEAN states over territorial disputes in the South China Sea.

Who is in the Nafta agreement?

The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the U.S., Canada, and Mexico. The agreement, which eliminated most tariffs on trade between the three countries, went into effect on Jan. 1, 1994.

How many bodies are under WTO?

In between each Ministerial Conference, the daily work is handled by three bodies whose membership is the same; they only differ by the terms of reference under which each body is constituted.

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Who benefits from the WTO?

According to the analysis, nations with strong exports and production are the main beneficiaries of membership. This is true for Germany and South Korea (around USD 31 billion in GDP growth) as industrial and innovation locations, but also for Mexico (around USD 58 billion in GDP growth) and China.