Economy and commerce
Trade
Cambodia, Indonesia to boost trade, investment, tourism ties
Cambodia and Indonesia have discussed further cooperation in trade, investment and tourism by promoting the export of Cambodian agricultural products to the Indonesian market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501261545/cambodia-indonesia-to-boost-trade-investment-tourism-ties/
China remains as top supplier of raw materials to Cambodia’s garment industry
Cambodian Prime Minister said on Wednesday that China is the largest supplier of raw materials to the kingdom’s garment industry. ...
Khmer Times Staff
https://www.khmertimeskh.com/501260728/china-remains-as-top-supplier-of-raw-materials-to-cambodias-garment-industry/
Cambodian authorities urged to probe forced labor in factories
The American Apparel & Footwear Association (AAFA) and VF Corporation are urging Cambodian authorities to investigate forced labor used to produce export goods. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodian-authorities-urged-to-probe-forced-labor-in-factories
Cambodia, Pakistan mull joint trade-body committee
Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-pakistan-mull-joint-trade-body-committee
Cambodia and UAE negotiate trade deal
Cambodia and the United Arab Emirates (UAE) have thrashed out a deal after three rounds of negotiations over the Comprehensive Economic Partnership (CEPA) trade agreement. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-and-uae-negotiate-trade-deal
Cambodia’s Royal Group signs agreement on renewable energy export to Singapore
Cambodia’s Royal Group Power Company Ltd. (RGP) and Singapore’s Keppel Energy Pte Ltd. (KE) have reached an energy purchase agreement on exporting renewable energy to Singapore via submarine high-voltage transmission. ...
Khmer Times Staff
https://www.khmertimeskh.com/501257335/cambodias-royal-group-signs-agreement-on-renewable-energy-export-to-singapore/
Cambodia to export renewable electricity to Singapore
The conglomerate Cambodia’s Royal Group of Companies will export renewable energy to Singapore after the group signed an agreement with Keppel Energy Pte Ltd on Wednesday, which will enable the latter to purchase electricity from the Kingdom. ...
Khmer Times Staff
https://www.khmertimeskh.com/501256436/cambodia-to-export-renewable-electricity-to-singapore/
Rubber exports edge up even as prices drop
Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap, according to the Ministry of Agriculture, ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-exports-edge-even-prices-drop
US remains Cambodia’s biggest market despite declining exports
The US remained the biggest market for Cambodia with a share of 34.4 percent even though the Kingdom’s exports to the country decreased by 20.2 percent to reach $1.12 billion in the first two months of the year compared to the same period in 2022, ...
Manoj Mathew
https://www.khmertimeskh.com/501255716/us-remains-cambodias-biggest-market-despite-declining-exports/
Cambodia-China trade at $1.7B in first two months
The trade volume between Cambodia and China reached $1.7 billion in the first two months of 2023, down 15.6 percent year-on-year, according to a report from the General Department of Customs and Excise. ...
Chea Vanyuth
https://www.khmertimeskh.com/501255082/cambodia-china-trade-at-1-7b-in-first-two-months/
Fresh banana exports to China rebound
Cambodia’s fresh banana exports to regional markets in the first quarter of the year have improved compared to 2022, mainly due to the lifting of Covid-19 lockdowns in China – the Kingdom’s biggest market – and a reduction in shipping costs, said Longmate Agriculture CEO ...
Van Socheata
https://www.phnompenhpost.com/business/fresh-banana-exports-china-rebound
Cambodia’s exports 8 percent down in first two months, commerce ministry wants to reassure
Cambodia sees a fall in exports in the first two months of 2023, down 8.6 percent compared to the same period last year. It is, however, not a worrying sign, the Commerce Ministry said. ...
Teng Yalirozy
https://cambodianess.com/article/cambodias-exports-8-percent-down-in-first-two-months-commerce-ministry-wants-to-reassure
Cambodia to directly ship goods to US, EU by 2030
By 2030, Sihanoukville Autonomous Port (PAS) will be able to ship goods directly without any transit to the US and European Union (EU) markets, said Sun Chanthol, Minister of Public Works and Transports (MPWT) yesterday. ...
Kang Sothear
https://www.khmertimeskh.com/501254285/cambodia-to-directly-ship-goods-to-us-eu-by-2030/
Cambodia’s trade valued at over $6.8 billion in first two months
The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501254157/cambodias-trade-valued-at-over-6-8-billion-in-first-two-months/
Kampong Chhnang port to push exports
Kampong Chhnang Multi-Purpose Port and Logistics Centre will spend more than $300 million to promote the transportation of Cambodian products to local and international markets. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-kampong-chhnang-port-to-push-exports
Job loss fears as GFT exports decline by 25 percent in February
Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. ...
Manoj Mathew
https://www.khmertimeskh.com/501253565/job-loss-fears-as-gft-exports-decline-by-25-percent-in-february/
Exports to Vietnam swell 36% in Jan-Feb
Cambodian goods exports to Vietnam amounted to $491.180 million in the first two months of 2023 – surging by 36.12 per cent over the same time last year – accounting for 45.28 per cent of bilateral trade, jumping up by 7.30 percentage points year-on-year, according ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-vietnam-swell-36-jan-feb
Cambodia’s apparel exports to Japan grow further in 2022 to more than $1.2 billion
Cambodia’s apparel exports to Japan have continued to grow for the second consecutive year in 2022, despite a dip in shipments in 2020 due to the COVID-19 pandemic. In 2022, the shipment increased to $1,201.698 million after a recovery in 2021. Notably, the exports recorded ...
Khmer Times Staff
https://www.khmertimeskh.com/501252053/cambodias-apparel-exports-to-japan-grow-further-in-2022-to-more-than-1-2-billion/
Cambodia-Indonesia trade logs nearly two-fold on-year increase
Indonesia was perhaps the brightest spot in Cambodia’s merchandise trade over January, with formal imports from and exports to the archipelago nation collectively clocking in at $88.045 million, marking a 95.87 per cent increase over the same month in 2022, according to Customs (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-indonesia-trade-logs-nearly-two-fold-year-increase
GDCE reviews efficacy of trade facilitations
The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...
Hong Sovannary
https://www.khmertimeskh.com/501247700/gdce-reviews-efficacy-of-trade-facilitations/
Agri-exports to Vietnam boom nearly five-fold in past 3 years
Cambodia has emerged as a major exporter of agricultural products to Vietnam in the past couple of years, registering a January-October 2022 total of $2.429 billion, according to the state-run Vietnamnet newspaper. ...
May Kunmakara
https://www.phnompenhpost.com/business/agri-exports-vietnam-boom-nearly-five-fold-past-3-years
Delegation of US-ABC eying trade and investment potential and opportunities in Cambodia
Delegation of US-ASEAN Business Council (US-ABC), led by its Senior Vice President and Regional Managing Director H.E. Michael Michalak, have been on a visit to Cambodia to study more potential and opportunities of trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501247354/delegation-of-us-abc-eying-trade-and-investment-potential-and-opportunities-in-cambodia/
Cambodia misses target of exporting 1m tons of rice
Hun Sen said on Monday Cambodia has not been successful in exporting one million tons of rice because of a lack of processing basics, including rice mills, dry ovens, and capital. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-misses-target-of-exporting-1m-tons-of-rice
‘Cambodia to be main cashew exporter’
Prime Minister Hun Sen said Cambodia could become one of the main cashew nut producers and exporters in the world, and added the commodity has the potential but limitations of processing. ...
Chea Vanyuth
https://www.khmertimeskh.com/501246447/cambodia-to-be-main-cashew-exporter/