US-Cambodia Reciprocal Trade Agreement on Tariffs

Trump announces a reciprocal trade agreement with Cambodia to address tariff and non-tariff barriers.

[AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE KINGDOM OF CAMBODIA ON RECIPROCAL TRADE] AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE KINGDOM OF CAMBODIA ON RECIPROCAL TRADE The United States of America (“United States”) and the Kingdom of Cambodia (“Cambodia”) (individually “a Party” and collectively “the Parties”), Emphasizing their shared values, including their shared commitment to sovereignty, economic prosperity, and resilient supply chains;   Recognizing the bonds of friendship and cooperation between them, in particular in their trade and investment relations, as reflected in the Trade and Investment Framework Agreementbetweentheir Governments; Intending to enhance reciprocity in their bilateral trade relationship by addressing tariff and non-tariff barriers; Seeking to strengthen their commercial relationship through increased alignment on national and regional economic security matters; and Acknowledging Cambodia’s current development status as a least developed country (LDC);  Section 1:  Tariffs and Quotas 1.         Cambodiashall apply a rate of customs duty on originating goods of the United Statesas set out in Schedule 1 to Annex I. 2.         The United States shall apply a revised reciprocal tariff rate on originating goods of Cambodia as set out in Schedule 2 to Annex I. Cambodia shall not impose quotas on imports of originating goods of the United States unless otherwise agreed by the Parties. Section 2.  Non-Tariff Barriers and Related Matters Article 2.1:  Import Licensing and Technical Regulations, Standards, and Conformity Assessment 1.         Cambodia shall not apply import licensing[1] to U.S. goods in a manner that restricts the importation of such goods.  Cambodia shall ensure that any non-automatic import licensing that it applies is applied only to administer an underlying measure, and in a manner that is transparent, nondiscriminatory, and not unduly burdensome, and that does not reduce the competitiveness of U.S. exports. 2.         Cambodia shall allow U.S. goods that comply with applicable U.S. or international standards, U.S. technical regulations, or U.S. or international conformity assessment procedures to enter its territory without additional conformity assessment requirements.  In addition: (a)        Cambodia shall accord to the conformity assessment bodies of the United States treatment no less favorable than that it accords to its own bodies. (b)       Cambodia shall facilitate the acceptance of U.S. compliance procedures for goods that are not subject to third-party conformity assessment in the U.S. regulatory framework. 3.         Cambodia shall ensure that technical regulations, standards, and conformity assessment procedures are applied in a non-discriminatory manner and do not opera