(Phnom Penh) On the morning of December 21, 2022, H.E Tek Reth, Secretary of State and Chairman of the Trade Negotiation Group for the Cambodian side, and H.E Juma Al Kait, Deputy Minister for International Trade and Chair of the Trade Negotiation Group. The United Arab Emirates (UAE) has convened a plenary session to review and discuss the outcome of the negotiations and formally close the second round of negotiations on the Cambodia-UAE Comprehensive Economic Partnership Agreement. Economic Partnership Agreement – CAM-UAE CEPA) held for 3 days from 19-21 October 2022 at Sofitel Phnom Penh.
During the plenary meeting, the two sides exchanged views on the progress and progress of the second round of CAM-UAE CEPA negotiations, which went smoothly and efficiently and yielded pleasant results. Enjoy standing on the path of common interests and complementing each other, including compliance with international trade regulations. The two sides also stressed that the CAM-UAE CEPA will contribute to enhancing bilateral cooperation, strengthening friendly relations between the two countries and promoting regional connectivity, especially between ASEAN and the region. The Middle East for the better.
It should be noted that during the second round of talks, the two sides negotiated and resolved all points of disagreement in order to deepen the CAM-UAE CEPA agreement, but think long-term and flexible towards Find common ground and common interests. At the same time, the two sides also continued to deepen cooperation in all areas such as: trade and investment, services, tourism, finance, agriculture, digital trade, education, industry, energy, technology, etc., which are all important elements. Serve for sustainable socio-economic development and the environment.
Finally, the two negotiators signed a joint memorandum as a result of the second round of talks and agreed in principle to examine the possibility of arranging a third round of talks, which the UAE will host in time. Appropriate in the coming 2023.
Source: MOC FB Page