Trade
Imports
Investment and Trade Fair Opens In Koh Kong
The first three-day Koh Kong Investment and Trade Fair 2013 kicked off on Saturday, promoting trade and investment in the southern provinces of Cambodia with neighbours Thailand and Vietnam. “The [fair] is aimed at promoting trade and development in Koh Kong province and other border ...
http://www.phnompenhpost.com/2013051365565/Business/investment-and-trade-fair-opens-in-koh-kong.html
Boost For Animal Healthcare
Cambodia’s promising animal feed sector will soon see support from a big pharmaceutical manufacturer which is now studying local demand for animal healthcare – a nearly untapped market. “We intend to introduce animal health business in Cambodia for our farm products and feed mills,” Khalid Baig, ...
http://www.phnompenhpost.com/2013051365566/Business/boost-for-animal-healthcare.html
Cambodian Parliament Ratifies ASEAN-China Maritime Transport Agreement
The National Assembly of Cambodia on Friday ratified the agreement on maritime transport between the Association of Southeast Asian Nations (ASEAN) and China, saying the agreement is essential to develop trade and economic ties between ASEAN and China. “The agreement aims to facilitate and foster ...
http://news.xinhuanet.com/english/china/2013-05/10/c_132372924.htm
Wage Hike Leads To Rent Fears
Cambodian Confederation of Unions president Rong Chhun yesterday appealed to landlords with properties close to garment factories not to take advantage of the industry’s minimum wage increase by raising rent prices. The minimum monthly salary in the garment sector – Cambodia’s biggest export industry – officially ...
http://www.phnompenhpost.com/2013051065555/National/wage-hike-leads-to-rent-fears.html
Cambodia's trade with its neighbors slows in Q1
Cambodia saw a slow rise in trade volume with Vietnam and a slight decrease with Thailand in the first quarter of this year, according to the figures provided on Wednesday. The figures said Cambodia’s total exports to Vietnam was worth 221 million U.S. dollars during ...
http://www.asean-china-center.org/english/2013-05/09/c_132370565.htm
Trade with Vietnam increases
Bilateral trade between Cambodia and neighbouring Vietnam rose more than 10 per cent year-on-year in the first quarter of this year, data from the Vietnam Embassy in Phnom Penh showed. Officials said cross-border trade facilitation by both countries significantly contributed to the growth. But they said ...
http://www.phnompenhpost.com/2013050965501/Business/trade-with-vietnam-increases-2013.html
Cambodia, Bangladesh ink visa exemption deal for diplomatic, official passport holders
Cambodia and Bangladesh on Friday signed a visa-free agreement for diplomatic and service passport holders in a bid to strengthen bilateral ties in politics, trade, investment and tourism, officials said. The deal was inked here between Long Visalo, secretary of state at Cambodian Ministry of Foreign ...
http://news.xinhuanet.com/english/world/2013-05/03/c_132357925.htm
Cambodia-U.S. trade flat in Q1
The two-way trade volume between Cambodia and the United States valued at 758 million U.S. dollars in the first three months of this year, up only 0.8 percent compared with 752 million U.S. dollars over the same period last year, the statistics of the U.S. ...
http://news.xinhuanet.com/english/business/2013-05/03/c_132357935.htm
Thai Trade Expo Draws Thousands of Cambodian Visitors Despite Ongoing Border Row
Thousands of Cambodian people visited and bought Thai products on Thursday at a large scale exhibition although simmering border spat between the two countries remains unsolved. “Even though border dispute is still going on, trade and investment ties between Thailand and Cambodia are still good,” Amparwon ...
http://news.xinhuanet.com/english/business/2013-05/02/c_132355223.htm
Thailand and Cambodia to forge closer trade talks
After the fourth Joint Trade Commission (JTC) recently, Commerce Minister Boonsong Teriyapirom said that Thailand and Cambodia had the potential to drive two-way trade up by 30 per cent, due to strong growth in 2012. Last year, bilateral trade grew by 40.5 per cent year on ...
Cambodia's trade with Thailand down 2.3 pct in Q1
Bilateral trade between Cambodia and Thailand went down by 2.3 percent during the first quarter of this year, according to the statistics released by [the] Thai Embassy in Phnom Penh on Monday. Officials said the drop was due to “Thai baht appreciation, not ongoing border conflict” ...
http://news.xinhuanet.com/english/business/2013-04/29/c_132349426.htm
World Bank Says Credit Growth Still a Risk
The World Bank has warned that the rapid growth of lending by Cambodia’s Banks is still a concern, despite a recent slow-down in credit disbursals. “Credit growth, which has been driven largely by wholesale and retail financing, and starting in 2011 agriculture financing, has eased to ...
http://www.cambodiadaily.com/business/world-bank-says-credit-growth-still-a-risk-20690/
Kingdom spending $3m to boost rubber quality
A $3 million initiative to purify the quality of rubber trees planted across the country is intended to spur farmers to plant more rubber, a government official said. Ly Phalla, director general of the General Directorate of Rubber at the Ministry of Agriculture, Forestry and Fisheries, ...
http://www.phnompenhpost.com/2013042965285/Business/kingdom-spending-3m-to-boost-rubber-quality.html
Cambodia’s Crude Oil Imports Fall 12 pct in Q-1
Cambodia imported 412,190 tons of Crude Oil in Q-1 of Y 2013, a 12% fall compared with the 471,000 tons it imported at the same period last year, the Commerce ministry’s report showed Saturday. During the January-March period this year, the country spent US$ 397-M to ...
Farmers Suffer From Illegal Pig Imports
Small pig farmers are struggling to stay in business as illegal imports of pigs from neighbouring countries rise, squeezing them out of the market, industry insiders say. Srun Peu, deputy director of the Cambodia Pig Farmers Association, an organisation with 4,000 members, said the increase in ...
http://www.phnompenhpost.com/2013042565222/Business/farmers-suffer-from-illegal-pig-imports.html
Cambodia’s first dairy plant
Cambodia’s first dairy factory is being planned for Phnom Penh, as one of the owners, a Vietnam-based dairy company, hopes to tap strong local demand for its products. The 2.7-hectare factory, in the Phnom Penh Special Economic Zone (PPSEZ), would produce condensed milk, yoghurt and UHT ...
http://www.phnompenhpost.com/2013042565223/Business/cambodia-s-first-dairy-plant.html
Kingdom’s rubber exports rise, but prices stay flat
Rubber exports from Cambodia were up over 17 per cent in the first quarter of 2013, but the revenue from rubber stayed steady as prices decline worldwide, according to data from the Ministry of Commerce. The data showed that in the first quarter of this year, ...
Sihanoukville port volume increases 15 per cent
The volume of cargo passing through the Sihanoukville Autonomous Port (SAP) rose 15 per cent in the first quarter of this year compared with the corresponding period last year. Experts say milled-rice exports and fuel imports contributed to the boost in activity. From January to March, ...
Thais remove cassava and maize import restrictions
In order to boost the Kingdom’s trade performance and improve the quality of lives of farmers along the Thai-Cambodia border, Thailand has agreed to remove import restrictions on Cambodian cassava and maize. Speaking to reporters after the forth meeting of the Joint Trade Committee between Cambodia ...
US embassy to hold investment webinar
The US embassy in Phnom Penh intends to hold a webinar on doing business in Cambodia, providing information on the benefits and challenges of working in the country for US firms. “This is the first webinar that will focus on investment opportunities and an overview of ...
http://www.phnompenhpost.com/2013042265136/Business/us-embassy-to-hold-investment-webinar.html
Salt Harvest Below Forecast
The Kep-Kompot Salt Producers Community says salt production fell nearly 50 per cent below forecasts because of early rainfall, which is assumed to end salt harvesting for the year. Prime Minister Hun Sen, however, has stepped in to ensure that price remains stable. Hun Sen ...
http://www.phnompenhpost.com/2013041965112/Business/salt-harvest-below-forecast.html
Cambodia's trade with U.S. down 2 pct in first 2 months
The bilateral trade volume between Cambodia and the United States was worth about 499 million U.S. dollars in the first two months of this year, down 2 percent compared with 510 million U.S. dollars at the same period last year, the statistics of the U.S. ...
http://news.xinhuanet.com/english/business/2013-04/16/c_132313606.htm
Cambodia’s city port reports 34 pct rise in cargo shipment in Q1
Cargos entering and leaving through Phnom Penh Autonomous Port, the kingdom’s 2nd largest port, increased by 34 percent in the first three months of this year due to rising trade activities, a senior port official said Thursday. During the January-March period this year, the state-owned port ...
Farmers Sue UK Sugar Firm For Millions
Hundreds of Cambodian families are suing the British sugar firm Tate & Lyle in one of the U.K’s highest courts over a pair of plantations in Koh Kong province they accuse of violently forcing them off their land and out of their homes. The British law ...