Knowledge of customs affairs ‘crucial’: GDCE

Hong Vanak, director of International Economics at the Royal Academy of Cambodia, said a clear understanding of procedures and regulations related to customs issues is essential in order to gain access to benefits such as trade facilitation or the enjoyment of export or import tax benefits on certain goods.

“Businessmen and investors, both domestic and foreign, must clearly understand the customs regulations of the Kingdom. Some tariff preferences are subject to free trade with certain partner countries, which could be a major benefit for them to grow their business,” he added.

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