Economy and commerce
Trade
Cambodia-HK expo tipped to increase trade
Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-hk-expo-tipped-increase-trade
South Korean exports jump 20%
Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korean-exports-jump-20
Double taxation agreement with UAE ‘nearly complete’
Cambodia and the United Arab Emirates (UAE) are expected to sign a Double Taxation Agreement (DTA) soon seeing that negotiations on the content are 96 per cent complete, the General Department of Taxation (GDT) stated. ...
Hin Pisei
https://www.phnompenhpost.com/business/double-taxation-agreement-uae-nearly-complete
US Department of Commerce issues final determination on Circumvention of Solar Cells and Modules from Cambodia
On August 18, 2023, the Department of Commerce (“Commerce”) announced its final determination that certain solar cells and modules exported from Cambodia, Malaysia, Thailand, and Vietnam are circumventing the antidumping (“AD”) and countervailing (“CVD”) orders on imports from China after conducting its investigation for over ...
Khmer Times Staff
https://www.khmertimeskh.com/501348478/us-department-of-commerce-issues-final-determination-on-circumvention-of-solar-cells-and-modules-from-cambodia/
Credai women entrepreneurs to visit Cambodia for fostering collaborations
Eight women entrepreneurs from Confederation of Real Estate Developers Association of India (Credai), Chennai, will be part of a women’s delegation to Cambodia to foster collaborations with various business bodies. ...
Khmer Times Staff
https://www.khmertimeskh.com/501347769/credai-women-entrepreneurs-to-visit-cambodia-for-fostering-collaborations/
Cambodia’s exports $4.6B to RCEP markets in first 7 months
Cambodia has exported goods worth $4.59 billion to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first seven months of 2023, a 21 percent increase compared to the same period of the previous year, said a statement by the Ministry of Commerce ...
Kang Sothear
https://www.khmertimeskh.com/501346750/cambodias-exports-4-6b-to-rcep-markets-in-first-7-months/
Cambodia auto tire exports at $125 million in H1
Cambodia earned around $125 million from automotive tire exports in the first half of this year, according to a report from the Council for Development of Cambodia (CDC) report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346714/cambodia-auto-tire-exports-at-125-million-in-h1/
ASEAN-India trade up 23.4% at $113 billion in 2022
The two-way trade between ASEAN and India reached $113 billion in 2022, a year-on-year increase of 23.4 per cent, according to the preliminary ASEAN statistics. ...
Khmer Times Staff
https://www.khmertimeskh.com/501346715/asean-india-trade-up-23-4-at-113-billion-in-2022/
Cambodia, China target $12B trade this year
Trade between Cambodia and mainland China will reach over $12 billion by the end of this year and both sides are working hard to achieve this annual target, said Reach Ra, Secretary of State at the Ministry of Commerce, recently. ...
Manoj Mathew
https://www.khmertimeskh.com/501346727/cambodia-china-target-12b-trade-this-year/
Indonesia plans rice imports from Cambodia to boost government stocks
Indonesia’s state food procurement firm, Bulog, is looking to import rice from Cambodia and Myanmar to bolster government stocks as the country braces for potential disruptions in rice output due to the El Nino weather pattern. ...
Khmer Times Staff
https://www.khmertimeskh.com/501346993/indonesia-plans-rice-imports-from-cambodia-to-boost-government-stocks/
Cambodia benefits from zero tariffs in RCEP trade deal, sees surge in exports
Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries reached $4.59 billion in the first seven months of this year, marking a significant 21% growth compared to the same period last year, according to data from the Ministry of Commerce. The boost in exports ...
Khmer Times Staff
https://www.khmertimeskh.com/501346937/cambodia-benefits-from-zero-tariffs-in-rcep-trade-deal-sees-surge-in-exports/
‘White rice’ price soars amid India suspension
Rice exporters and millers in Cambodia say the price of white rice is soaring after India suspended exports of non-basmati rice in order to address internal food security issues following the falling yield of paddy rice due to climate change. ...
May Kunmakara
https://www.phnompenhpost.com/business/white-rice-price-soars-amid-india-suspension
Cambodia still faces challenges in domestic production for export
Cambodia continues to face unique challenges for diversifying goods and boosting domestic production for export. ...
Khmer Times Staff
https://www.khmertimeskh.com/501345279/cambodia-still-faces-challenges-in-domestic-production-for-export/
Kingdom’s raw cashew output down nearly 16%
The Kingdom’s raw cashew production in the first seven months of the year reached only 620,000 tonnes, a decline of 15.9 percent compared to the same period last year while Vietnam remained the top buyer, importing around 95.32 percent of all raw cashew produced in ...
Nhean Chamrong
https://www.khmertimeskh.com/501346158/kingdoms-raw-cashew-output-down-nearly-16/
Rubber article exports go up by 43%
Cambodia earned $385 million from the exports of rubber and rubber articles in the first seven months of the year, recording an increase of 43 percent compared to the same period last year, showed the latest trade data of the General Department of Customs and ...
Manoj Mathew
https://www.khmertimeskh.com/501346157/rubber-article-exports-go-up-by-43/
Exports through SEZs up by $1.39 billion in H1
Cambodia’s export through Special Economic Zones (SEZs), mostly non-garment manufacturing products, reported growth in the first six months of this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346089/exports-through-sezs-up-by-1-39-billion-in-h1/
Exports to Vietnam grow to $1.6B in first 7 months
Exports from Cambodia to Vietnam have recorded steady growth, rising 20.6 per cent year-on-year to $1.6 billion in the first seven months of 2023 from $1.3 billion, although trade balance dipped one per cent to $3.8 billion from the year prior. ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-vietnam-grow-16b-first-7-months
Cambodian apparel, knitted & non-knitted items exports fall
Cambodia exported apparel items, clothing accessories and knitted and non-knitted or crocheted items worth $4.5 billion in the first seven months this year—down by 20.6 per cent year on year from $5.6 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501344357/cambodian-apparel-knitted-non-knitted-items-exports-fall/
Cambodia GFT exports at $6.27 billion in 7 months
Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods extended its lean patch into the seventh month of the year, as the exports recorded a decline of 20.44 percent in the January to July period of 2023. ...
Manoj Mathew
https://www.khmertimeskh.com/501342930/cambodia-gft-exports-at-6-27-billion-in-7-months/
Canada imports nearly 769,000 knitted coats from Cambodia
Canada imported nearly 769,000 knitted coats from the Kingdom during the January-May period of the current year, according to a website, which tracks the developments in the textile industry. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501342646/canada-imports-nearly-769000-knitted-coats-from-cambodia/
Pakistan eager to boost trade, investment relations with ASEAN
A five-member delegation from Cambodia attended the ASEAN-Pakistan Business Opportunities Conference 2023, which concluded in Lahore, Pakistan, on Friday. ...
Adur Pradeep
https://www.khmertimeskh.com/501342387/pakistan-eager-to-boost-trade-investment-relations-with-asean/
Cambodia sets ambitious targets to boost cashew processing and exports
Cambodia is trying to establish itself as a leading cashew-producing and exporting country through its National Policy on Cashew 2022–2027. The government aims to boost cashew output, develop processing facilities, diversify export markets, and simplify trade facilitation programs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501342976/cambodia-sets-ambitious-targets-to-boost-cashew-processing-and-exports/
Cambodia’s exports earn $13 billion in January-July period
Cambodia exported $13.525 billion worth of goods to international markets in the January-July period of 2023, a year-on-year decrease of 2 percent, a report of the General Department of Customs and Excise showed on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501341450/cambodias-exports-earn-13-billion-in-january-july-period/
Demand for Cambodia’s paddy, milled rice growing
The Kingdom’s rice export industry is on the rise. The Cambodia Rice Federation (CRF) recently reported that between January and July 2023, the nation exported more than 360,000 tonnes of milled rice to 52 target countries, accounting for 52 per cent of the yearly target ...
Van Socheata
https://www.phnompenhpost.com/business/demand-cambodias-paddy-milled-rice-growing