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Country Report for Seminar in JICA, Tokyo

Country Report for Seminar in JICA, Tokyo

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Published by Mr. Chan Bonnivoit
The report illustrated about the main issues of Cambodia’s sustainable development, Cambodia’s Cooperation with WTO, WB and UNCTAD, WTO and Cambodia and the Donors/international Organizations in promoting Cambodian trade.
The report illustrated about the main issues of Cambodia’s sustainable development, Cambodia’s Cooperation with WTO, WB and UNCTAD, WTO and Cambodia and the Donors/international Organizations in promoting Cambodian trade.

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Published by: Mr. Chan Bonnivoit on May 15, 2012
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Kingdom of Cambodia
Nation Religion King
Country Report: 
Cambodia’s Trade Development
For the Course “Implementation of the WTO Agreements(A)”13 May to 26 May 2012, Japan
Prepared by Mr. Chan BonnivoitChief for WTO OfficeDepartment of Notification and Legal ComplianceMinistry of CommerceTel: (855-12) 836 515Fax: (855-23) 866 469E-mail: bonnivoit@yahoo.com
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Table of Contents
I.IntroductionII.The Outline of Cambodia’s development
1. Main issues of Cambodia’s sustainable development2. Cambodia’s Cooperation with WTO, WB and UNCTAD
III.
WTO and Cambodia
IV.
The Donors/international Organizations in promoting tradeV.Conclusion
 
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I. Introduction
Cambodia is a country in Southeast Asia of incredible beauty, withfamous breathtaking temples, fertile plains dotted with rice fields, and ahistory unlike any other. The dominant religion is Buddhism, which placesvalue on hospitality and kindness. Each year, Cambodia draws millions of tourists who come to enjoy the country's breathtaking sights and enter thewalls of Cambodia's Angkor Wat - one of the Seven Wonders of the World. The Economy of Cambodia has seen rapid economic progress in the lastdecade.Per capita income, although rapidly increasing, is low compared withmost neighboring countries. The main domestic activity on which most ruralhouseholds depend isagricultureand its related sub-sectors.Manufacturing  output is varied but is not very extensive and is mostly conducted on a small-scale and informal basis. The service sector is heavily concentrated in tradingactivities and catering-related services. Cambodia has reported that oil andnatural gas reserves have been found off-shore. Cambodia has been classifiedby the United Nations as a Least Developed Country. It is a small country of about 181,035 square kilometers and a population of roughly 14 million.Cambodia's economy is continuing to recover from the 2008-09downturns but annual growth is not expected to return to the highs of around10% recorded in the years preceding the crisis. However, real GDP growth isexpected to remain strong in 2011, at around 6%, as are Cambodia's garmentand footwear exports, due partly to the EU's relaxed rule of origin onpreferential tariffs for LDC exports to EU markets, effective 1 January 2011. There are also official plans to boost exports of milled rice as the governmentseeks to develop other sources of economic growth. With GDP per capita ataround US$790 in 2010, Cambodia remains a very poor country. The povertyrate was estimated to have decreased moderately from 47% in 1993 to 35% in2004 and to an estimated 30% in 2007, with rural poor comprising 90% of thetotal. Further reductions in the poverty level have been problematic since thendue to the unexpectedly sharp rise in consumer prices, notably for foodstuffs,in 2008 and the effects of the global economic crisis.Cambodia is an open economy. Imports and exports combined areequivalent to about 65 per cent of its GDP. Exports account for a highproportion of formal employment, and a very high proportion of the growth of 
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