Draft law on trade remedies adopted
The Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base. Ministry of Commerce spokeswoman Soeng Sophary said the trade remedies law will protect all businesses in the kingdom and will regulate the current flow of domestic and international trade and investment in Cambodia. “The draft trade remedies law will not affect the free market. It will affect businesses that sharply reduce prices from their cost base in a bid to fight other businesses,” she said. The draft law, with six chapters and 44 articles, will protect and help Cambodian enterprises from dishonest businesses and a flood of imported products.
