Tuesday, November 13, 2007

National Assembly approves the law for free trade zones

Tuesday, November 13, 2007
Everyday.com.kh
Translated from Khmer by Socheata

On 12 November 2007, the National Assembly (NA) debated and approved two draft laws: one for an agreement on the ASEAN-Korea free trade zone, and the other for an agreement for the ASEAN-China free trade zone. SRP MP Sok Pheng proposed to the committee chairman who proposed one of these draft laws to clearly state the title of the law, such as the vaguely misnomer “ASEAN-Korea” because there are two Koreas. However, Ky Lom Orng, chairwoman of the “public works and transportation, post and telecommunication, industry, mining, energy, commerce, land management, urban planning & construction” committee said that the title of the law is not confusing because the text of the draft law uses the word “Republic of Korea” to designate South Korea. Keat Chhon, the minister of finance and economy, said that after the approval of these two laws by the NA, they will become tools to put into practice commercial competitions with other countries which are partners of Cambodia.

1 comment:

Anonymous said...

Trade Zone? Say no more, go, go, go. We don't care about any stupid label. Everyone should be allowed equal trading. That is all that matter. We want to make things better for everyone, not worse.