In a statement released on 28 Mar 2025, the Cambodian Ministry of Foreign Affairs and International Cooperation announced several key initiatives aimed at strengthening Cambodia’s role in the Association of Southeast Asian Nations (ASEAN) Economic Community. These moves underscore Cambodia’s commitment to regional economic integration and cooperation.
The announcement made on 28 Mar 2025 marks a significant shift in Cambodia’s foreign policy, as the country seeks to enhance its position within ASEAN and beyond. The initiatives include a new framework for trade and investment promotion, as well as strengthened cooperation with key partners in the region.
At the heart of these efforts is Cambodia’s bid to become one of the top 10 largest economies in ASEAN by 2030. To achieve this goal, the Ministry has launched a comprehensive strategy aimed at fostering economic growth, improving infrastructure, and enhancing regional trade relationships.
One of the key components of this initiative is the establishment of a new ASEAN-Cambodia Free Trade Agreement (FTA). This agreement aims to eliminate tariffs and other trade barriers, creating a more streamlined and efficient trading environment for businesses operating across the region.
In addition to its economic initiatives, Cambodia has also strengthened its ties with neighboring countries through a range of bilateral agreements. A significant example is the recent signing of an economic cooperation agreement between Cambodia and Laos, aimed at promoting mutual growth and development in the two countries.
Furthermore, Cambodia has committed to supporting ASEAN’s efforts to enhance regional security and stability. The Ministry has announced plans to increase its contributions to ASEAN’s regional security initiatives, including the establishment of a new ASEAN Defense Ministers’ Meeting (ADMM-Plus).
These initiatives demonstrate Cambodia’s commitment to regional leadership and cooperation. As the country continues to navigate an increasingly complex global landscape, these efforts underscore its determination to play a key role in shaping the future of Southeast Asia.
Conclusion
In conclusion, Cambodia’s new initiatives in ASEAN Economic Community mark an important milestone in the country’s foreign policy efforts. By strengthening regional economic integration and cooperation, Cambodia is well-positioned to achieve its ambitious development goals and become a major player on the global stage.