TPP forecast to give Vietnam a boost over Cambodia

The anticipated ratification of the Trans-Pacific Partnership (TPP) agreement is expected to have a negative impact on Cambodia’s economic growth as Vietnam takes priority as a top trading partner within the 12-member bloc that accounts for 40 per cent of the world’s economy, an academic said yesterday during a lecture organised by the Canadian Chamber of Commerce in Cambodia.

Citing World Bank statistics, Susan Green, a professor of law at the Royal University of Law and Economics, said preferential tariff reductions or eliminations to the US market under the TPP could boost Vietnam’s GDP by 10 per cent by 2030...

This has been excerpted from 30 March 2016 edition of Phnom Penh Post.