India, Cambodia step closer to bilateral treaty to protect investments
India’s cabinet approved a new bilateral investment treaty with Cambodia on 28 July that is designed to provide mutual protections for investors of each company, the Indian government said in a press release. The treaty, which has yet to be ratified by Cambodian authorities, is expected to improve the flow of bilateral trade and investment. Cambodia currently benefits from a Duty Free Tariff Preference, which has facilitated faster growth of exports to India, according to the Embassy of India in Phnom Penh’s website.
