CAMBODIAN CORNER

Development, Trade and Foreign Affairs

Trade Policies and Strategies

Trade Strategise

In November 2001, Cambodia validated its first Diagnostic Trade Integration Strategy (DTIS.) DTIS 2001 was prepared with funding support from the Integrated Framework program (IF.) Cambodia had been selected by the IF as one of three pilot countries for this innovative program launched by six
multilateral agencies – the International Monetary Fund (IMF), the International Trade Center (ITC), the United Nations Conference on Trade and Development (UNCTAD), the United Nations Development Program (UNDP), the World Bank (WB), and the World Trade Organization (WTO.)

In December 2007, Cambodia’s Prime Minister launched the country’s second DTIS, Cambodia Trade Integration Strategy 2007 (CTIS 2007.) CTIS 2007 benefited from combined funding support from the original IF program and the UNDP as well as technical contributions from the EU, GIZ, IFC, the IMF, ITC, UNCTAD, and the World Bank. Back then, Cambodia was the first country to update its initial DTIS under the Enhanced Integrated Framework (EIF), the successor to the IF program.

Cambodia Trade Integration Strategy 2014-2018 (CTIS 2014-2018) is the country’s third generation DTIS. Once again, Cambodia’s leadership among EIF countries is in display. Cambodia is the first EIF country to update its original DTIS for a second time. CTIS 2014-2018 has benefited from funding
support from the EIF, the Asian Development Bank (ADB), the UNDP, and the WB.

Cambodia Trade Integration Strategy has been updated into CTIS 2019-2023 with a perspective to “develop an up-to-date integration strategy that can be mainstreamed through the new Rectangular Strategy IV and Vision 2030.” This 4th strategy was launched at the Aide-for-Trade Global Review 2019 with the present of Cambodia’s Prime Minister on 3rd July 2019 in Geneva.

Trade Policy Review of Cambodia under the WTO

As member of the WTO, Trade Policy Review of Cambodia has been reviewed twice, in 2011 and 2017 respectively.

The outcomes of Trade Policy Review in 2011 are available as following:

The outcomes of Trade Policy Review in 2017 are available as following:

The Trade Policy Review Mechanism (TPRM) is one of the functions of the WTO provided for in annex 3 to the Agreement Establishing the WTO. The (TPRM) is a permanent mechanism which applies to all members a rotary basis and involves a peer-group assessment of each members’ trade policies and practices and their impact on the functioning of the MTS (Multi-Trade System). The TPRM was an early result of the Uruguay Round being provisionally introduced into GATT in 1989 following the Mid-Term Review of the Uruguay Round. With the creation of the WTO in 1995, it was made permanent and broadened to cover also services trade and intellectual property. All WTO members are subjected to review under the TPRM. The frequency of each member’s review varies according to its share of world trade.

The frequency of reviews of a member is related to its weight in the multilateral trading system, as defined by the Member’s share of world trade in goods and services. On this basis, members are reviewed under one of three different cycles:

  • The 4 biggest traders: EU, US, Japan and China – are examined once every two years
  • The next 16 countries with a lesser share in world trade are reviewed every four years.
  • The rest of the membership (most developing country members and economies in transition) are reviewed every 6 years, with the possibility of a longer interim period for least-developed country (LDCs) members.

For each review, two documents are prepared: a detailed report written independently by the WTO Secretariat in the TPR Division and a policy statement by the member under review. These two documents, which form the basis of the review, are then discussed by the WTO’s full membership in the TPR Body. Both documents and the proceedings of the TPRB’s meetings are published shortly afterwards.

The TPRM is NOT, however, intended to serve as:

  • A basis for the enforcement of specific obligations under the Agreements,
  • For dispute settlement procedures, or,
  • To impose new commitments.

The main objectives of the TPRM were set out in Annex 3 of the Agreement Establishing the WTO include to achieve greater transparency and understanding of the trade policies and practices of members, to improve adherence by all members to rules, disciplines and commitments made under the multilateral trade agreement and, where applicable, the Plurilateral Trade Agreement; and to enable the collective appreciation and evaluation of the full range of individual members’ trade policies and practices and their impact on the functioning of the multilateral trading system.

Archives

Categories

Founder

KHOV EA HAI

KHOV EA HAI

Researcher and Trade Economist

View Full Profile →

%d bloggers like this: