Economy and commerce
Trade
PM urges ASEAN to maintain multilateral trading system
Prime Minister Hun Manet has called on the Association of Southeast Asian Nations (ASEAN) to maintain a just and inclusive multilateral trading system and to broaden trade cooperation with its partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/501572478/pm-urges-asean-to-maintain-multilateral-trading-system/
Exports soar to nearly $20 billion in Q3
Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501572159/exports-soar-to-nearly-20-billion-in-q3/
Cambodia, Thailand hold talks to set up SEZs
Cambodia and Thailand Wednesday held talks on establishing special economic zones, enhancing people-to-people connections, promoting tourism, besides strengthening bilateral cooperation between the two countries. ...
Mom Kunthear
https://www.khmertimeskh.com/501572163/cambodia-thailand-hold-talks-to-set-up-sezs/
Cambodia's international trade continues positive growth
Cambodia’s bilateral trade with partner countries in the first nine months of 2024 reached nearly $41 billion, marking a year-on-year increase of over 16%, with a trade deficit of over $1 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-s-international-trade-continues-positive-growth
Pundits: Jump in steel imports may not reflect real estate recovery
Cambodia imported more than $400 million worth of iron and steel in the first eight months of the year, an increase of nearly 60% on the same period last year. This has given some hope that the housing construction sector may be gradually picking up ...
Bicycle export earns $278M in first eight months
Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/
Bicycle export earns $278M in first eight months
Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/
MoC outlines tasks to secure trade preferences for post-LDC transition
The Ministry of Commerce (MoC) is negotiating with trading partners to secure favourable trade preferences during the country’s transition period from the Least Developed Country (LDC) status, which is set to end in 2029. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570203/moc-outlines-tasks-to-secure-trade-preferences-for-post-ldc-transition/
Cambodia, US to strengthen bilateral relations, cooperation through trade and investment activities
Cambodia and the United States have expressed their commitment to reinforce bilateral relations and cooperation through trade and investment activities, according to the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501569003/cambodia-us-to-strengthen-bilateral-relations-cooperation-through-trade-and-investment-activities/
Electrical machinery, equipment export revenue exceeds $1.4B
Cambodia earned approximately $1.4 billion from the export of electrical machinery, equipment and parts to international markets during the first eight months of 2024, a decrease of one-third compared to the same period in 2023. Some economists attribute the decline to weak global economic growth. ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-equipment-export-revenue-exceeds-1-4b
Cambodia exports car tyres worth $527 million in first eight months
Cambodia exported a staggering $527 million worth of car tyres, up 173 percent compared to the $193 million recorded during the same period last year, the General Department of Customs and Excise report showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501566488/cambodia-exports-car-tyres-worth-527-million-in-first-eight-months/
Exports to EU up 16 percent
Cambodia’s export to the European Union (EU) continues to surge with export value to the bloc recording $2.9 billion in the first eight months of 2024. ...
Chea Vanyuth
https://www.khmertimeskh.com/501565929/exports-to-eu-up-16-percent/
Cambodia’s exports to Japan surge 20% in 8 months
Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...
Manoj Mathew
https://www.khmertimeskh.com/501565363/cambodias-exports-to-japan-surge-20-in-8-months/
Cambodia’s trade with ASEAN up 11.8% in first 8 months of 2024
Cambodia’s trade exchanges with its fellow ASEAN member states amounted to $10.49 billion in the first eight months of this year, up 11.8% from $9.38 billion over the same period last year, said a report from the General Department of Customs and Excise on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501565511/cambodias-trade-with-asean-up-11-8-in-first-8-months-of-2024/
Iron and steel imports up nearly 60 percent
According to the data released by the General Department of Customs and Excise (GDCE) earlier this month, iron and steel imports into the Kingdom increased by 59.2 percent during the first eight months of 2024 compared to the imports of these two core construction materials ...
James Whitehead
https://www.khmertimeskh.com/501564466/iron-and-steel-imports-up-nearly-60-percent/
Cambodia’s trade with RCEP countries reaches $22.92 billion in the first eight months of 2024, reflecting 17.2% growth
Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501563595/cambodias-trade-with-rcep-countries-reaches-22-92-billion-in-the-first-eight-months-of-2024-reflecting-17-2-growth/
JETRO offers support to boost Cambodia’s exports
Japan External Trade Organization (JETRO) will strengthen cooperation with Cambodia’s Ministry of Commerce to help the Kingdom fully tap its export potential. ...
Manoj Mathew
https://www.khmertimeskh.com/501562662/jetro-offers-support-to-boost-cambodias-exports/
Cambodia’s GFT exports surge 23% in 8 months
Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs ...
Manoj Mathew
https://www.khmertimeskh.com/501560375/cambodias-gft-exports-surge-23-in-8-months/
Cambodia, Indonesia trade to exceed $1.1 billion
Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...
Nhean Chamrong
https://www.khmertimeskh.com/501559729/cambodia-indonesia-trade-to-exceed-1-1-billion/
China's Zhengzhou looks to invest in Cambodian rice for export
The Ministry of Agriculture, Forestry and Fisheries has announced that a delegation from Zhengzhou, the capital of China’s Henan province, has expressed interest in Cambodian products, including “high-quality and delicious rice”, and intend to process them for export to Chinese and international markets. ...
Cambodia seeks China’s assistance in establishing first FTZ
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged senior officials of the government of the People’s Republic of China (PRC) to collaborate in establishing the first free trade zone (FTZ) and also constructing more special ...
Nhean Chamrong
https://www.khmertimeskh.com/501558180/cambodia-seeks-chinas-assistance-in-establishing-first-ftz/
Cambodia, 2nd largest global exporter of cashews
During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501558654/cambodia-2nd-largest-global-exporter-of-cashews/
More rice trade deals underway to expand markets
Cambodia is negotiating with some countries in the region on rice trade deals to expand the Cambodian rice market, said Cham Nimul, Minister of Commerce on Tuesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501557391/more-rice-trade-deals-underway-to-expand-markets/
Phnom Penh Port’s August, 8-month revenue sees buoyant rise
State-owned Phnom Penh Autonomous Port’s revenue for August 2024 climbed 25 percent to $4.4 million from last year, amid buoyant growth in container TEUs and cargo volumes between January and August this year. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/phnom-penh-ports-august-8-month-revenue-sees-buoyant-rise