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The United States has decided to reduce tariffs on Cambodian exports to the U.S. down to 19% (reduction of 30% compared to initial rate of 49%). This is great news for the people and the economy of Cambodia to continue develope our nation.
I would like to express my thanks to President Donald Trump for his initiative and decisive leadership in securing immediate and unconditional ceasefire between Cambodian and Thai military forces, and for continuing to monitor the implementation of the ceasefire directly, until permanent peace and normalization of relations between Cambodia and Thailand is achieved in the future. In addition, President Trump has shown understanding and support for Cambodia by providing the opportunity to further strengthen economic development and trade relations between Cambodia and the United States.
During my phone conversations with President Donald Trump on July 26 and 28, I emphasized the importance of peace and development in Cambodia, as our country has only recently emerged from a prolonged conflict that lasted more than 500 years. On that occasion, I also requested that President Trump consider lowering the tariff rate on Cambodian exports to the US to a favorable level, which would allow Cambodia to continue develope and improve the living standards of the Cambodian people.
President Donald Trump expressed his deep personal sympathy and interest in Cambodia’s painful history, as well as sincere desire towards helping Cambodian people achieve peace and also supporting Cambodia’s national development. In response to my request regarding tariff reduction, President Trump told me on July 28 that he would review the case and will make you (Cambodia) happy. Today, His Excellency has decided to reduce the tariff rate on Cambodian exports to the United States to 19%.
I would like to take this opportunity to praise our Cambodian negotiating team on tariffs with the United States, led by Deputy Prime Minister Sun Chanthol, and all involved parties who have worked diligently on tariff negotiations with the United States, which have contributed significantly to this excellent outcome.