Membership in the World Trade Organization
On 13 October 2004, Cambodia joined the World Trade Organization (WTO), marking a significant milestone in its economic development. Membership in the WTO has brought several advantages to the kingdom, including:
Improved trade and investment
Cambodia’s exports have experienced substantial growth following its membership of the WTO. In 2022, exports reached a total value of US$18.6 billion, compared with US$6.7 billion in 2011.
Enhanced legal and regulatory framework
Since becoming a WTO member, Cambodia has made noteworthy progress in enhancing its legal and regulatory environment for businesses. These improvements have made it easier for businesses to operate in the country and have attracted foreign investment.
Access to technical assistance and training
The WTO has provided Cambodia with valuable technical assistance and training, focusing on areas such as trade policy, trade facilitation and intellectual property. These resources have supported Cambodia in implementing its WTO commitments and developing its trade capacity.
As a member of the WTO, Cambodia is subject to the rules and obligations of the organisation. This includes commitments related to trade in goods, services, intellectual property and dispute settlement mechanisms.
Cambodia’s membership of the WTO has played a pivotal role in boosting its trade and investment opportunities, and it has also facilitated improvement in the country’s legal and regulatory environments. This affiliation has contributed to Cambodia’s integration into the global economy and has supported its economic growth and development.
