The 15 Asia-Pacific countries signed the RCEP pact on Nov 15,2020, forging the world's largest free trade agreement. - AFP
PHNOM PENH (Xinhua): Amid the raging Covid-19 pandemic, Cambodia's economy in 2020 registered its slowest growth since 1994. However, the country's growth is projected to rebound 3.5 per cent this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP).
A government report showed that the Southeast Asian nation's economy shrank 1.9 per cent last year, to US$27.6bil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
