Economists say the standardizing of regulations in 15 countries that signed a regional free-trade deal could make it attractive for companies to operate in or relocate to low-cost countries like Cambodia.
The Regional Comprehensive Economic Partnership (RCEP), signed by Asean countries plus Australia, China, Japan, New Zealand and South Korea on Sunday, lowers tariffs in the bloc over 20 years and makes trade rules and regulations consistent across it.
In full: https://vodenglish.news/regional-free-trade-deal-worlds-biggest-could-push-firms-to-cambodia/
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