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Cambodia and World Trade Organization : opportunities and challenges
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Introduction: Cambodia and WTO By Chap Sotharith Executive Director, Cambodian Institute for Cooperation and Peace Background Cambodia had embarked on a process of fundamental political and economic reforms since the adoption of a new Constitution in 1993, which had restored the constitutional monarchy in the country. However, Cambodia still challenges with the destruction as the aftermath of the Khmer Rouge time. Cambodia heavily suffered by two decades of armed conflict, which had resulted in huge losses of infrastructure and human lives. The lack of skilled manpower remained a major obstacle on Cambodia's way to economic development. The Royal Government of Cambodia, in its second mandate, had developed atriangle strategy, aimed at restoring peace, ensuring sustainable development, and integrating Cambodia into the world community. Reforms had been implemented simultaneously in many areas, including administrative reform; legal and judicial reform; financial reform and military reform. With a strong political commitment and participation from all stakeholders, Cambodia had joined the Association of South-East Asian Nations(ASEAN) in April 1999 completing a target of regional integration. Accession to the WTO was one of the highest priorities of the Royal Government of Cambodia. Closer integration into the world economy was seen as a powerful instrument to alleviate poverty and the main driving force for socio-economic development. In reforming its trade system, the Government had paid particular 5