Samdech Moha Borvor Thipadei HUN Manet, Prime Minister of the Kingdom of Cambodia, has underlined the key roles and responsibilities of the Trade Policy Advisory Board (TPAB) while presiding over the inaugural launch and first plenary session of the TPAB, held here at the Peace Palace on April 8.
According to a press release AKP received this morning, speaking at the function, H.E. Professor Bundit Sapheacha Dr. SOK Siphana, Senior Minister in charge of Special Missions and Chairman of TPAB, underscored the rationale and necessity of establishing TPAB as an advisory entity of the Royal Government of Cambodia with a key mandate to provide expert guidance on the development and implementation of trade strategies aimed at promoting Cambodia’s sustainable socio-economic growth and deepening its integration in the region and the global economy. These objectives are vital components of the Pentagonal Strategy Phase I, which underscore the importance of Cambodia’s increased participation in the world economy.
Sam
dech Thipadei Hun Manet highlighted the importance of the roles and responsibilities of the TPAB, which are to (1) review the strengths and weaknesses of Cambodia’s trade policies and free trade agreements, with a clear focus on their effective implementation and alignment with Cambodia’s development agenda; (2) prepare trade policy analysis and assessments of trade potentials for both priority goods and services; (3) provide key insights of the trade sector of the country or region where the head of the Royal Government will visit; (4) advise on potential export markets and trading partners with which Cambodia should negotiate bilateral and multilateral free trade agreements; (5) regularly monitor the evolution of the geopolitical and geoeconomic climate, as well as changes in regional and global economic and trade policies, (6) evaluate the domestic industrial capacity to produce priority goods for export.
Samdech Thipadei reiterated that the aforementioned roles and responsibilities require utmost attenti
on and contributions from all TPAB members as represented by line ministries, private sector, research institutions, and think tanks to ensure good trade policy deliverables for the country.
The Premier emphasised the role of private sector representatives as they are the main economic actors in the whole trade development spectrum.
In the end, he further encouraged the cooperation between the public and the private sector as it is a crucial component of an effective trade policy.
Source: Agence Kampuchea Presse