Trade
Exports
Rubber exports jump as smugglers siphon off profits
The total amount of rubber exported by Cambodia surged 30 percent last year, but widespread rubber smuggling on the Vietnamese border crippled potential profits from the booming industry. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-jump-smugglers-siphon-profits
China asked to buy more sugarcane from Cambodia
During a meeting with Chinese Premier Li Keqiang yesterday, Prime Minister Hun Sen asked China to increase imports of Cambodian sugarcane. The officials met in Phnom Penh’s Peace Palace yesterday. ...
Sok Chan
http://www.khmertimeskh.com/50101596/china-asked-buy-sugarcane-cambodia/
Trade with China on the upswing
Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...
May Kunmakara
http://www.khmertimeskh.com/50100171/trade-china-upswing/
China order lifts rice imports for 2017
Cambodian rice exports in 2017 increased 17 percent by volume compared to the year before, with exporters pushing to fill orders under China’s expanded import quota while shipments to European markets remained steady, according to Agriculture Ministry figures. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/china-order-lifts-rice-imports-2017
Exports rose 19 percent: Commerce Ministry
The Commerce Ministry yesterday announced a 19 percent surge in exports for the year and a quadrupling of revenue collected from import licence fees, but would not provide analogous figures for total imports or explain what could be driving the increases. According to the ministry’s annual ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/exports-rose-19-percent-commerce-ministry
Cambodia’s citric acid exports prompt investigation in Europe
The European Commission has announced it is investigating the potential laundering of Chinese shipments of citric acid through Cambodia, allowing Chinese manufacturers to flout export restrictions. The European Commission (EC) imposed duties on Chinese citric acid in early 2015 after determining that the chemical was being ...
Robin Spiess and Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodias-citric-acid-exports-prompt-investigation-europe
Chinese market widening for Cambodian exports
Cofco, China’s largest food processor, manufacturer and trader, will set up a working group in the kingdom to explore the possibilities available in the local agricultural market, including expanding the number of products it imports from Cambodia and investing in local infrastructure. ...
Sok Chan
http://www.khmertimeskh.com/5098014/chinese-market-widening-cambodian-exports/
Agriculture Ministry to ink $50 million mango pact
The Agriculture Ministry is set to sign a mango export investment deal with a Chinese firm worth up to $50 million, the second such deal in the country, Agriculture Minister Veng Sokhon said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/agriculture-ministry-ink-50-million-mango-pact
EU not taking action on garment industry
The European Union ambassador to Cambodia assured union officials on Tuesday that no sanctions on the garment sector had been taken. Former opposition leader Sam Rainsy and several civil society groups have called for sanctions on the garment industry following the dissolution of the opposition CNRP ...
Mom Kunthear
http://www.khmertimeskh.com/5095913/eu-not-taking-action-garment-industry/
Government fails to recoup on rubber expenses
Despite a 31 percent increase in Cambodian rubber exports during the first 11 months of this year, the Ministry of Agriculture is failing to recoup on expenses it has spent sending expert technicians into the field in order to help boost production. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-fails-recoup-rubber-expenses
New forum to tackle problems in rice sector
Next month the Cambodia Rice Federation (CRF) will hold the sixth edition of the Cambodia Rice Forum, bringing major stakeholders in the sector together to discuss the future of the local rice industry and create a joint effort to ramp up production and exports. ...
Sum Manet
http://www.khmertimeskh.com/5095643/new-forum-tackle-problems-rice-sector/
Local officials given power to issue ag origin certificates
In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/local-officials-given-power-issue-ag-origin-certificates
Don’t punish us: employers
The Garment Manufacturers Association in Cambodia has called on international buyers to continue ordering clothes and textile products made in the country over fears the US and the EU could halt preferential treatment for Cambodian exports. ...
Mom Kunthear
http://www.khmertimeskh.com/5093735/dont-punish-us-employers/
South Korea set to import mangoes
South Korea wants to host more migrant workers and increase agricultural imports from Cambodia, including mangoes, a meeting between the outgoing ambassador and National Assembly president Heng Samrin revealed yesterday. ...
Khy Sovuthy
http://www.khmertimeskh.com/5093482/south-korea-set-import-mangoes/
Government creates logistics council to help sector stay competitive in the region
The Cambodian government recently laid out the framework for the creation of a National Council of Logistics, a specialised interministerial team designed to tackle the high costs of the Kingdom’s logistics sector to promote the efficient flow of exports, according to a royal decree issued ...
Concerns raised over sanctions
The repercussions of last week’s political moves in Cambodia when the Supreme Court dissolved the main opposition party has left many wondering what the repercussions will be for local businesses. ...
May Kunmakara
http://www.khmertimeskh.com/5091091/concerns-raised-sanctions/
High times for Kampot pepper
The Kampot Pepper Promotion Association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. ...
Chea Vannak
http://www.khmertimeskh.com/5090531/high-times-kampot-pepper/
Bangladesh rice deal shelved
Cambodia has failed to finalise the terms of a massive 250,000-tonne delivery of rice to Bangladesh, with industry insiders claiming that shipments have been cancelled as millers do not currently have the stockpiles to meet export demand while hopes for further negotiations appear to be ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bangladesh-rice-deal-shelved
Walmart deal boosts garment industry
The US multinational Walmart has said it will buy more garment, footwear and luggage products from Cambodia next year due to increased capacity from suppliers and improved labour conditions in the country. ...
Chea Vannak
http://www.khmertimeskh.com/5089512/walmart-deal-boosts-garment-industry/
Garment exports to slow
Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...
Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/garment-exports-slow
Rice exports grow on strength of China quota
Cambodian rice exports increased nearly 17 percent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady. ...
Post Staff
http://www.phnompenhpost.com/business/rice-exports-grow-strength-china-quota
Cambodia asks for GSP status
Representatives from trade unions and employers associations will put forward a request to the European Union and the United States to consider extending preferential treatment – also known as the Generalized System of Preferences (GSP) – for a number of Cambodian products. ...
May Kunmakara
http://www.khmertimeskh.com/5084793/cambodia-asks-gsp-status/
Economy still on track: World Bank
Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election. ...
Kali Kotoski
http://www.phnompenhpost.com/business/economy-still-track-world-bank
Economic changes needed, says ADB
A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ...
May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/