Cambodia expects China, RCEP to help boost economic recovery

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.