Potential for lost preferential access to EU and US would weigh on exports and GDP.
30 April 2019 marks the twentieth anniversary of Cambodia’s membership in the Association of Southeast Asian Nations (ASEAN). At its outset, the Kingdom regarded this membership as a means to promote its economic prosperity.
Chinese investment in Cambodia is expected to diversify into finance and banking.
Asia is one of the largest contributors to global economic growth but there is a Catch-22 situation. The higher the economic growth from increases in investment, the higher will be the current account deficit.
The multilateralisation approach remains Asean’s best way forward as it faces challenges for deeper regional integration, argues Jayant Menon.
Projects expected to be approved before the end of the year, now equals $1.3 billion.