The United States and Cambodia have signed an agreement to increase trade and investment
as part of a broader American initiative in the region, the US Trade Representative's
office in Washington (USTR) said.
America has "trade and investment framework agreements" (TIFAs) with several
countries in Southeast Asia. The frameworks create a bilateral forum to work on trade
issues and can be a stepping stone to free-trade pacts.
"We welcome Cambodia into our family of TIFA partners in Southeast Asia,"
Deputy US Trade Representative Karan Bhatia said.
"We look forward to building our trade and investment relations under this dialogue,
working more closely on regional and WTO issues, and helping Cambodia fully implement
its WTO obligations."
Last weekend the Doha round of World Trade Organization talks was suspended. The
European Union and India blamed the Bush administration for refusing to reduce its
$20 billion a year in subsidies to American farmers.
US exports to Cambodia increased 18 percent to nearly $70 million in the past year
and have risen steadily since Cambodia joined the WTO in October 2004, USTR said.