The United States has decided to reduce tariffs on Cambodian exports to the United States to 19% (a 30% reduction from the original 49%). This is good news for the Cambodian people and the Cambodian economy to continue developing the country.
I would like to thank President Donald Trump for his personal attention in initiating and promoting a ceasefire between the Cambodian and Thai armies and continuing to monitor the implementation of the ceasefire directly until there is permanent peace and normalization of relations between Cambodia and Thailand in the future. In addition, the President has also provided understanding for Cambodia, providing an opportunity to continue strengthening economic development and trade relations between Cambodia and the United States.
During my telephone conversation with President Donald Trump on July 26 and 28, I emphasized the importance of peace and development in Cambodia as Cambodia has recently emerged from a chronic war in the country for more than 500 years. On that occasion, I also requested His Excellency the President to provide understanding for reducing the tariff rate on goods imported from Cambodia to a low rate that will help Cambodia continue to develop its country and improve the living standards of the Cambodian people.
His Excellency Donald Trump has shown great interest in Cambodia’s bitter history, as well as his willingness to help the Cambodian people achieve peace and help Cambodia continue to develop its country. Regarding my request regarding the tariff rate understanding, His Excellency the President told me on July 28 that he would review it and that He told me that it would make Cambodia happy. Today, His Excellency decided to reduce the tariff rate on goods exported from Cambodia to the United States to 19%.
I would like to take this opportunity to commend the tariff negotiation team with the United States, led by His Excellency Deputy Prime Minister Sun Chanthol, and all those involved for their hard work in negotiating the tariff with the United States, achieving excellent results.
