All the reasons Cambodia should join the CPTPP
Cambodia's potential accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is significant as it seeks to enhance its credibility and predictability in a changing global landscape. The country aims to attract better investment that fosters technology transfer and stronger links with local firms, especially as it transitions from Least Developed Country status. By adhering to the CPTPP's high standards, Cambodia can drive necessary domestic reforms and improve its long-term economic prospects.
- ▪Cambodia is approaching a major transition as it graduates from Least Developed Country status in 2029.
- ▪Joining the CPTPP could help Cambodia attract high-quality investment that supports industrial upgrading.
- ▪The CPTPP requires members to meet rigorous standards, which can drive domestic reforms in Cambodia.
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The natural instinct of any government facing a more fragmented global system is to guard its policy flexibility and keep its hands free to respond to whatever comes next. But the countries that consistently attract long-term investment tend to choose a different path. They bind themselves to rules they cannot easily change because, when trade preferences erode and geopolitical shifts reshape market access, the most valuable asset a developing economy can offer is credibility and predictability. That choice makes Cambodia’s move toward accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) important.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Asia Times.
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