HomeNewsNewsS Korea trade dips 10.6% to $792M

S Korea trade dips 10.6% to $792M

The Cambodia-Korea Free Trade Agreement (CKFTA) will facilitate the import of South Korean electronics, pharmaceuticals and auto parts, as well as raw materials, machinery and other equipment needed for industry in Cambodia, a commerce ministry spokesman says. LG ELECTRONICS

Bilateral trade between Cambodia and South Korea in the first 10 months of 2021 was worth $791.59 million, down by 10.6 per cent from $885.32 million in the same period in 2020, as the prolonged Covid-19 community transmission continues to take its toll.

In January-October, the Kingdom exported $283.08 million, shrinking by 11 per cent year-on-year from $318.11 million, and imported $508.51 million, down from $567.21 in the year-ago period, data from the Korea International Trade Association (Kita) show.

Hong Vanak, director of International Economics at the Royal Academy of Cambodia, told The Post on November 16 that the spread of Covid-19 was the main culprit…

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