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SEVEN IMPACTS ON CAMBODIAS ACCESSION TO THE WORLD TRADE arranging (WTO) The experiences of other countries that flummox joined WTO show that the economic allude of increase can take a variety of forms. In general, however, the impact can be understood in hoagy judice injury of two broad headings: the impact of rileion on the effectual and institutional framework governing the economy, and the immediate impact of penetration on imports, exports, and other key macro-economic variables, in particular validation revenue. Two categories of decision-makers testament determine the impact of the WTO on the Cambodian economy. First, the public sector which will play a real important role in the process of policy adjustments to be consistent with WTO Agreements. Second, the private sector, which will directly participate in the implementation of the agreements, and will change investment, production and trade as a result of the new situation. The past experience of c ountries that baffle acceded to WTO does, however, provide a general guidance as to what these will be. Accession to WTO will require policy action in two areas: First, steps will have to be taken to bring Cambodias judicial and institutional framework into physical structure with WTO rules.

 Second, Cambodia will be called upon to make targetments on market entrée in the areas of trade in goods and trade in services. In each of these areas, Cambodias economic integration into the world craft system will provide both opportunities and challenges. 1. The Legal and institutional Framework At th e clock Cambodia becomes a member of the f! ield tidy sum Organization, Cambodia has to undertake firm commitments to bring her legal framework and administrative procedures into conformity with WTO Agreements. Cambodia expects to make considerable concrete progress in this direction during the accession process itself, and to commit to specific work-programs and time frames for completing the process after accession. Cambodia has for near time been...If you deprivation to get a full essay, straddle it on our website: OrderCustomPaper.com

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