Economy and commerce
Trade
Exports to S Korea help reduce current trade deficit: pundit
Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-s-korea-help-reduce-current-trade-deficit-pundit
Cambodia-China FTA brings growth
Nearly two years have passed since the Cambodia-China Free Trade Agreement (CCFTA) came into effect in early January 2022. This period has witnessed significant growth in bilateral trade, as well as a surge in Chinese investment in Cambodia. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-china-fta-brings-growth
Brunei Chamber is looking to explore ties with the Cambodian business community
The National Chamber of Commerce and Industry Brunei Darussalam (NCCIBD) looks forward to exploring avenues of cooperation with the business community in Cambodia, its Secretary General Haji Abdul Halim bin Haji Saim said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374007/brunei-chamber-is-looking-to-explore-ties-with-the-cambodian-business-community/
Cambodia, Italy satisfied with bilateral relations
Cambodia and Italy are satisfied with their growing relations and are looking for ways to strengthen further and expand their cooperation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501372644/cambodia-italy-satisfied-with-bilateral-relations/
Cambodia’s export to fellow RCEP members reaches $5.26 billion
Cambodia exported $5.26 billion worth of goods to fellow member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first eight months of 2023, up 22 percent from $4.3 billion the same period last year, according to the latest report by the Ministry of ...
Khmer Times Staff
https://www.khmertimeskh.com/501372630/cambodias-export-to-fellow-rcep-members-reaches-5-26-billion/
Kingdom earns $327.4M from rice export in 9 months
Cambodia has exported 456,581 tons of milled rice in the first nine months of 2023, bagging a total revenue of $327 million, the Cambodia Rice Federation (CRF)’s press release said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501373248/kingdom-earns-327-4m-from-rice-export-in-9-months/
China’s BRI contributes tremendously to Cambodia’s economic, social development
China’s Belt and Road Initiative (BRI) has contributed tremendously and timely to Cambodia’s economic and social development, with achievements enjoyed by the government and people of the Southeast Asian country, Cambodian Deputy Prime Minister Aun Pornmoniroth has said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501372819/chinas-bri-contributes-tremendously-to-cambodias-economic-social-development/
RCEP gives extra boost to regional trade development in Cambodia
The Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect last year, has given an extra boost to trade exchanges in the region, a Cambodian senior official and experts said on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501372824/rcep-gives-extra-boost-to-regional-trade-development-in-cambodia/
DCTS scheme reduces tariffs on UK exports
The Ministry of Commerce has urged exporters to adhere to the UK’s rules of origin (RoO) in order to benefit from their Developing Countries Trading Scheme (DCTS), a system of graduated tariffs on imports. ...
Van Socheata
https://phnompenhpost.com/business/dcts-scheme-reduces-tariffs-uk-exports
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). Concurrently, imports from Australia ...
Hin Pisei
https://phnompenhpost.com/business/cambodia-oz-trade-dips-85
Electrical exports spark to $2.1B
Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85
Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy
The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...
Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/
Thai-Cambodian ties entering ‘a new era’
Prime Minister Srettha Thavisin’s decision to visit Cambodia this week measures the solid relationship between the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501368946/thai-cambodian-ties-entering-a-new-era/
Gold export booms in first semester
Cambodia saw a jump increase in gold exports in the first semester of this year, as more domestic gold refinery plants started commercial products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501368438/gold-export-booms-in-first-semester/
UK Prime Minister’s Trade Envoy to Cambodia visits country to boost trade opportunities
The UK Prime Minister’s Trade Envoy Heather Wheeler MP is visiting Cambodia this week (24 to 26 September). ...
Khmer Times Staff
https://www.khmertimeskh.com/501365067/uk-prime-ministers-trade-envoy-to-cambodia-visits-country-to-boost-trade-opportunities/
Success of live lobster exports sparks market enthusiam in China
A Cambodian firm intends to export more than 1,000kg of live lobsters to China, after its previous test runs proved the product had garnered “substantial market support”. ...
Van Socheata
https://www.phnompenhpost.com/business/success-live-lobster-exports-sparks-market-enthusiam-china
Pepper exports decline 30% Jan-Aug
Cambodia has experienced a 30 per cent decline in pepper exports in the first eight months of 2023, exporting over 5,000 tonnes, compared to the same period in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. ...
Van Socheata
https://www.phnompenhpost.com/national/pepper-exports-decline-30-jan-aug
UK investment, exports set to grow
Recently-appointed UK Prime Minister’s Trade Envoy to Cambodia and Laos Heather Wheeler is looking to expand trade and investment with Cambodia as the two countries celebrate 70 years of diplomatic relations. ...
May Kunmakara
https://www.phnompenhpost.com/business/uk-investment-exports-set-grow
Cambodia-India trade bucks global downturn, rises 7%
Trade volume between Cambodia and India has grown 6.6 per cent year-on-year to $306.9 million from $287.8 million amid contracted bilateral trade with other nations in the first eight months of 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-india-trade-bucks-global-downturn-rises-7
Koh Kong port launches testing operations
Koh Kong province’s first international seaport, Koh Kong Port Management in Kiri Sakor district, on Monday officially launched testing to facilitate local transportation of agricultural products, improving the livelihoods of people in the area. ...
Yatt Malai
https://kiripost.com/stories/koh-kong-port-launches-testing-operations
Cambodia rice meets Thai and Vietnam demand as global price spikes
Global rice prices hit a 15-year high in September, rising 30 percent year-on-year (YoY), according to an investor’s note by BMI, which quoted the UN’s Food and Agriculture Organization’s (FAO) All Rice Price Index report. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-rice-meets-thai-and-vietnam-demand-as-global-price-spikes
Cambodia quality seal boosts food safety in fisheries processing sector
In a promising development for Cambodia’s fisheries industry, Cambodia Quality Seal (CQS) has taken significant strides in addressing food safety concerns, positioning itself as a catalyst for positive change. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-quality-seal-boosts-food-safety-in-fisheries-processing-sector
Cambodian growers urged to gear up to export coconuts to China
The General Directorate of Agriculture (GDA) has informed fragrant coconut farmers, communities and processing factories that China is prepared to import their produce. ...
Khmer Times Staff
https://www.khmertimeskh.com/501364800/cambodian-growers-urged-to-gear-up-to-export-coconuts-to-china/