Related Keywords: at ASEAN-US Summit, Cambodia Minister, GSP to ninety five of total commodities, Hun Sen, Most favoured nation status, part of GSP program, products produced in Cambodia, provides duty free status, quota free to least developed countries, reduces tariffs on eligible products, US government, with tariff exemption, WTo framwork
The US government currently provides duty-free status to over 5,000 types of products produced in Cambodia as part of its Generalized System of Preferences (GSP) Program. Washington granted Cambodia GSP trade privileges in 1996, along with Most Favoured Nation (MFN) status, which reduces tariffs on eligible products.
The combination of GSP and MFN status has allowed many Cambodian products to access the US market, making them more price competitive against the products of countries that do not enjoy the privileges.
