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Seven vital WTO laws

Seven vital WTO laws

Of the 47 laws and regulations promised by Cambodia to be enacted by 2006, only 19

have been passed. Of the remaining 28, the Mekong Private Sector Development has

identified seven as the most important to implement in order to boost economic growth

and reduce poverty.

Secured Transactions Law
Original expected passage:

Feb 2004

Responsible agency: Ministry of Commerce
Status: Drafted: At National Assembly Commission on Finance and Banking
Expected impact: Increases access to finance for companies

Commercial Leasing Law
Original expected passage:

Jan 2005

Responsible agency: National Bank of Cambodia
Status: Drafted: To be sent soon to the Council of Ministers.
Expected impact: Increases access to finance for companies

Law on the Issuance and Trade of Non-Government Securities
Original expected passage:

Jan 2006

Responsible agency: Ministry of Economy and Finance
Status: Drafted: At the Council of Ministers
Expected impact: Increases access to finance for companies

Insolvency Law
Original expected passage: Jan 2004
Responsible agency: Ministry of Commerce
Status: Drafted: Being discussed at inter-ministerial level at the Council

of Ministers
Expected impact: Increases access to finance for companies

Commercial Contracts Law
Original expected passage:

Feb 2004

Responsible agency: Ministry of Commerce
Status: Not yet drafted: Ministry of Commerce will draft between 2008-2010
Expected impact: Could encourage more business transactions and improve ease

of doing business

Competition Law
Original expected passage:

Jan 2006

Responsible agency: Ministry of Commerce
Status: Being drafted
Expected impact: Gives businesses equal chance to compete, encourages innovation,

benefits consumers

Law Establishing Commercial Court
Original expected passage:

Dec 2004

Responsible agency: Ministry of Commerce
Status: Drafted in 2004: Being discussed between Ministry of Commerce and

Ministry of Justice
Expected impact: Could encourage more business transactions and improve ease

of doing business

Source: IFC-MPDF

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