Logo of Phnom Penh Post newspaper Phnom Penh Post - US senator pushes MFN for Cambodia

US senator pushes MFN for Cambodia

US senator pushes MFN for Cambodia

W

ASHINGTON - Praising Cambodia's steps toward democracy, Senator John McCain

introduced legislation this month designed to give the country new US trade

privileges.

The Republican from Arizona said Cambodia should be awarded

Most Favored Nation (MFN) trading status in recognition of its "significant

progress toward democracy and peace."

Most countries are awarded

so-called MFN, which lets them sell goods in the United States at low tariff

levels, and McCain said Cambodia was only excluded due to an anomaly in U.S.

trade law.

For Cambodian to win MFN status under McCain's proposal, it

must allow free emigration, reach a bilateral deal with the United States and

have its new status approved by Congress.

McCain said trade, not

continued isolation, will bolster Cambodia's human-rights gains and steps toward

democracy.

He said: "It is economic development, not the eternal good

will and generosity of the international community, that will ultimately justify

Cambodia's faith in democracy and free markets.

"It is my hope that with

proper improvements in its infrastructure, giving Cambodia MFN status will help

attract the capital investment it needs."-Reuters

Banteay Meanchey

rice 

FARMERS in Banteay Meanchey province have already ploughed 1,000 ha of rice

fields, according to incomplete statistics.

In this rainy rice cropping,

the province plans to put 150,000 ha under rice, an official said. - AKP

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Demining rat ‘hero’ Magawa dead at 8

    A landmine-hunting rat that was awarded a gold medal for heroism for clearing ordnance from the Cambodian countryside has died, his charity said on January 11. Magawa, a giant African pouched rat originally from Tanzania, helped clear mines from about 225,000sqm of land – the equivalent of 42

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer