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The fund will assist Cambodia in fulfilling its commitments under the WTO Trade Facilitation Agreement
PHNOM PENH--The European Union and German government has given €9.35 million ($ 10.34 million) to Cambodia to support a trade program for the next five years, a statement said Friday.
The money will be used jointly by Cambodia’s Ministry of Commerce and Ministry of Economy and Finance to develop new Trade Integration Strategy 2019-2023.
The strategy is designed to assist Cambodia in fulfilling its commitments under the WTO Trade Facilitation Agreement.
The grant is under a joint EU-Germany-Cambodia project designed to help Cambodia “improve customs, trade facilitation and standards, strengthen institutional capacities and regulatory practices and enhance private sector engagement through the ASEAN Economic Community Blueprint."