cambodia is one of the low-income countries. It is ranked 102 0ut of 132 in the , enabling trade reports and measures the institutions, services, and policies to facilitate trade in the counties. Currently, Cambodia has experienced a low Gross Domestic Product (GDP) of 6.0 % in 2021. Notably, the economy of Cambodia relies heavily on agriculture, tourism, garments, and textile manufacturing. Foreign investment does not do well in the country due to such as electricity, bureaucracy, corruption, custom clearance, and transport. The local government in Cambodia is trying to do its best to provide a sustainable business environment and provide beneficial market access.
The significant barriers to doing business in the country remain chiefly poor regulation and corruption (Saxena, 2014). The first has provided a great insight into understanding the recent trade and other related trade policies and other practices that the country is facing. This paper aims to analyze the trade policies in Cambodia and the effects it has on the economy.
Cambodia has on imports of the goods and services imported from other countries. Every exporting country to Cambodia should understand the in the country. Tariffs are a tax levied on imported goods from other countries. However, there are three types of taxes and import duties in Cambodia.
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