Summary
The Regional Trade for Development (RT4D) initiative is funded by the Governments of Australia and New Zealand. It assists ASEAN Member States (AMS) in meeting their commitments and realising the advantages offered by the Agreement establishing the ASEAN-Australia-New Zealand Free Trade Area, or AANZFTA, and the Regional Comprehensive Economic Partnership, or RCEP.
The Governments of Australia and New Zealand have committed up to AUD 53.3 million to fund RT4D from 2020–21 to 2027–28.
Description
Project Summary
The RCEP Implementation Support Program (RISP), implemented through the Regional Trade for Development (RT4D) Facility, supports ASEAN Member States to realise the benefits of RCEP through capacity-building support and access to technical expertise.
The project ‘Developing Schedules of Non-Conforming Measures for the Financial Services Sector under RCEP’ is approved under the RISP. The project aims to support Cambodia’s transition from positive-list to negative-list scheduling of financial-services commitments under RCEP Chapter 8 on Trade in Services and Annex 4 on Financial Services Specific Provisions. It will:
- undertake a regulatory stocktaking and readiness assessment of Cambodia’s financial-services commitments under RCEP, the AANZFTA Second Protocol upgrade and the ASEAN Trade in Services Agreement (ATISA);
- review relevant domestic laws, regulations, policy instruments and institutional mandates affecting the banking, payments, insurance and securities subsectors;
- identify existing non-conforming measures for potential inclusion in Annex I, and future policy reservations for potential inclusion in Annex II;
- identify legal, policy, institutional and technical capacity gaps associated with the transition from positive-list to negative-list scheduling;
- deliver a multi-stakeholder consultative workshop and sector-specific online drafting clinics for banking, payments, insurance and securities regulators;
- develop a bilingual Khmer-English Guideline for Drafting Financial Services NCM Schedules to support future scheduling and transposition processes;
- prepare and refine Cambodia’s draft Schedules of Non-Conforming Measures for the financial-services sector, supported by a consolidated Issues and Verification Log; and
- finalise a technically verified Schedule of Non-Conforming Measures package for national review and approval.
The Opportunity
RT4D is seeking a consulting firm/organisation (hereinafter referred to as “the Consultant”) to manage and deliver technical advisory, legal and regulatory analysis, stakeholder engagement and capacity-building services for the project, in close collaboration with the RT4D Facility and the Project Proponent. The project will be implemented from approximately November 2026 to June 2027. The final Project outputs will be subject to comments, amendments and approval from the RT4D Facility Team, the Project Proponent and Australia’s Department of Foreign Affairs and Trade (DFAT). The services will be delivered in accordance with the requirements set out in the Request for Proposal (RFP) and Terms of Reference (ToR).
Timeline:
Invitation Issue Date: Friday, 16 October 2026
Last Queries Date: 11:59 PM (ICT) Thusday, 22 October 2026
Closing Date and Time: 11:59 PM (ICT) Saturday, 7 November 2026
Please check RT4D’s website for complete ToR.
RFP – Cambodia Developing Schedules of Non-Conforming Measures for the Financial Services Sector under RCEP | Regional Trade for Development
