Trade Minister Yoo Myung-hee (right) had a virtual meeting with her Cambodian counterpart Pan Sorasak on July 9, and announced the launch of official negotiations for a bilateral free trade agreement (FTA) between the two countries.

Trade Minister Yoo welcomed the launch of official talks with Cambodia as an opportunity to strengthen economic ties with the country that has a great potential for growth as ASEAN’s production and trade hub, and to enhance the competitiveness of Korean firms in the Cambodian market.