Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom strives to fulfil goals in region

Kingdom strives to fulfil goals in region

Kingdom strives to fulfil goals in region

Da Nang, Vietnam
CAMBODIA is striving hard towards ASEAN’s goal of establishing a single market by 2015, but a number of steps must still be taken, according to Minister of Commerce Cham Prasidh.

“The most difficult remaining obligation that we owe ASEAN is the passage of the agreement on air services,” he told reporters at the opening ceremony for a meeting of ASEAN economic ministers yesterday in Da Nang, Vietnam.

The air services agreement is aimed at liberalising market access and ownership for air carriers in the region, and is a precursor to a single ASEAN aviation market for 2015.

Cham Prasidh said Cambodia had not yet translated the agreement into Khmer, a necessary step before it could be submitted to the National Assembly for ratification.

ASEAN plans to eliminate most trade barriers and create a single market by 2015.

The ministers’ meeting in Da Nang will focus on facilitating trade and reducing procedural paperwork.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • Nestle’s debut may spur dairy market

    Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom. During a visit by a delegation led

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement