Cambodia has removed customs duties on nine out of 10 textile tariff lines, as part of its free-trade agreement with China that took effect this year. Photo: Xinhua
Cambodia has removed customs duties on nine out of 10 textile tariff lines, as part of its free-trade agreement with China that took effect this year. Photo: Xinhua

Massive RCEP trade deal fails in areas where smaller bilateral pacts in Asia-Pacific shine

  • Over a half year into the Regional Comprehensive Economic Partnership, trade experts say world’s biggest trade pact serves more to ‘tidy up’ one-to-one agreements
  • Bilateral free-trade deal between China and Cambodia is said to be a prime example of how bilateral deals can trump the benefits of RCEP

Cambodia has removed customs duties on nine out of 10 textile tariff lines, as part of its free-trade agreement with China that took effect this year. Photo: Xinhua
Cambodia has removed customs duties on nine out of 10 textile tariff lines, as part of its free-trade agreement with China that took effect this year. Photo: Xinhua
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