Economy and commerce
Trade
CLV PMs talk trade, investment
Cambodia, Laos and Vietnam (CLV) on March 10 reaffirmed their commitment to boost border trade and investment with a specific focus on the construction of border markets and to improve customs clearance procedures. ...
Thou Vireak
https://www.phnompenhpost.com/business/clv-pms-talk-trade-investment
China customs size up mangoes
A team from China’s General Administration of Customs (GACC) on March 10 conducted a virtual inspection of three Cambodian mango farms and four treatment facilities to ensure that they are fit for export, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...
Thou Vireak
https://www.phnompenhpost.com/business/china-customs-size-mangoes
FTAs, FDIs and tourism essential for Cambodia’s economic bounce back
Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year. ...
Tom Starkey
https://www.khmertimeskh.com/50822760/ftas-fdis-and-tourism-essential-for-cambodias-economic-bounce-back/
Brazilian pork given access to Cambodian market amid ASF outbreak
Cambodia has opened its market to pork produced in Brazil, according to an announcement from Brazil’s Ministry of Agriculture, Livestock and Supply. ...
Husain Haider
https://www.khmertimeskh.com/50822756/brazilian-pork-given-access-to-cambodian-market-amid-asf-outbreak/
India seeking pepper and turmeric from Cambodia
The Indian Embassy to Cambodia has stated it seeks to see increased imports of pepper and turmeric from Cambodia. This potential hike in bilateral trade with India was discussed at a meeting held March 9 between Indian Ambassador to Cambodia Dr Devyani Uttam Khobragade and ...
Chea Vanyuth
https://www.khmertimeskh.com/50822835/india-seeking-pepper-and-turmeric-from-cambodia/
Progress lifts hopes for EAEU FTA
Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) have improved as early talks witness an increasingly positive sentiment, according to Ministry of Commerce spokesman Seang Thay. ...
Thou Vireak
https://www.phnompenhpost.com/business/progress-lifts-hopes-eaeu-fta
Container shortage, rising shipping costs takes bite out of mango exports
A global shortage of containers and rising shipping rates during the Covid-19 outbreak has driven up production costs for the Kingdom’s mangoes and eroded their competitiveness on the international market, according to two leading producers-cum-exporters. ...
Thou Vireak
https://www.phnompenhpost.com/business/container-shortage-rising-shipping-costs-takes-bite-out-mango-exports
Trade deficit with VN shrinks 6%
Trade between the Kingdom and Vietnam was worth $3.020 billion in 2020, inching down 1.1 per cent from $3.054 the previous year, according to Ministry of Commerce statistics. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-deficit-vn-shrinks-6
Business councils talk Thai trade
Two Bangkok-based business councils have demonstrated their commitment to join forces and ensure frictionless cross-border trade between Cambodia and Thailand amid tightened border controls imposed in the harsh times of the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/business-councils-talk-thai-trade
Agri-exports surge 55% in Jan-Feb
Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng ...
Thou Vireak
https://www.phnompenhpost.com/business/agri-exports-surge-55-jan-feb
2020 bilateral trade with China reaches $8.2 billion
Data from the Ministry of Commerce showed Cambodia exported $1.086 billion of goods to China, a year-on-year increase of 8.1 percent. Cambodia’s 2020 imports from China were valued at $7.031 billion, a contraction of 6.9 percent compared with 2019 figures. ...
Chea Vanyuth
https://www.khmertimeskh.com/50820988/2020-bilateral-trade-with-china-reaches-8-2-billion/
Trade with EU valued at $3.8 billion in 2020
Data from the Ministry of Commerce showed that in 2020 Cambodia exported $3.203 billion of goods to the EU and imported $659 million from the trade bloc. ...
Chea Vanyuth
https://www.khmertimeskh.com/50819696/trade-with-eu-valued-at-3-8-billion-in-2020/
Cambodia, Timor-Leste to boost economic cooperation
Because trade between Cambodia and Timor-Leste remains low, the governments of both nations have decided to work towards boosting bilateral economic and business activities, according to a statement from the Ministry of Foreign Affairs and International Cooperation. ...
Sok Chan
https://www.khmertimeskh.com/50819248/cambodia-timor-leste-to-boost-economic-cooperation/
Mango farms set for China checks
The General Directorate of Agriculture said it had submitted a list of 25 mango farms and three treatment facilities to the Chinese General Administration of Customs for sanitary and phytosanitary inspections. ...
Thou Vireak
https://www.phnompenhpost.com/business/mango-farms-set-china-checks
India trade tumbles 26% in 2020
The trade value between Cambodia and India saw a dramatic 25.81 percent reduction last year to $190.13 million from 2019’s $256.26 million as the Kingdom embarked on a feasibility study for a free trade agreement (FTA). ...
Hin Pisei
https://www.phnompenhpost.com/business/india-trade-tumbles-26-2020
Ministry urges for registration of mango farms for exports
The Ministry of Agriculture, Forestry and Fisheries has urged farmers to register their mango farms for certification to exports. This was reminded in the ministry’s press release issued recently, adding that the registration of mango farms is also intended to stabilise the price of the ...
Lim Nary/AKP
https://www.khmertimeskh.com/50818315/ministry-urges-for-registration-of-mango-farms-for-exports/
Exports to China gain modest 8% in 2020
Cambodia’s total export value to China extended its winning streak last year, weathering supply chain disruptions due to the Covid-19 outbreak. ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-china-gain-modest-8-2020
PM seeks Philippine boost to Cambodia’s rice sector
Prime Minister Hun Sen has asked the Philippines to consider buying more Cambodian rice or investing in the rice sector here. ...
Khmer Times Staff
https://www.khmertimeskh.com/50815554/pm-seeks-philippine-boost-to-cambodias-rice-sector/
Cambodia’s rubber export reach $85 million in January
Cambodia exported some 52,711 tonnes of rubber in January, generating around $85 million for the national income. ...
Khmer Times Staff
https://www.khmertimeskh.com/50814911/cambodias-rubber-export-reach-85-million-in-january/
Cambodia requests for export of more Cambodian agricultural products to EU market
Cambodia has urged the European Chamber of Commerce in Cambodia (EuroCham) to help boost the export of Cambodian agricultural products to the EU market. ...
Khmer Times Staff
https://www.khmertimeskh.com/50815349/cambodia-requests-for-export-of-more-cambodian-agricultural-products-to-eu-market/
Cambodia-South Korean bilateral trade recovering
Bilateral trade between Cambodia and South Korea has started to recover following a decline in 2020 from the COVID-19 pandemic. ...
Chea Vanyuth
https://www.khmertimeskh.com/50814996/cambodia-south-korean-bilateral-trade-recovering/
Kingdom-Japan trade slips 8% in 2020
Bilateral trade between Cambodia and Japan was worth $2.09957 billion last year, down 8.45 per cent from 2019, data from Japan External Trade Organisation (JETRO) show. ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-japan-trade-slips-8-2020
Cash-crop exports 200K tonnes in January
Cambodia exported 203,485 tonnes of seven major cash crops last month, according to a report by the Ministry of Agriculture, Forestry and Fisheries. The ministry lists these as milled rice, natural rubber, corn, cashew nuts, peppercorn, as well as fresh bananas, chillies and mangoes. ...
Thou Vireak
https://www.phnompenhpost.com/business/cash-crop-exports-200k-tonnes-january
Cambodia, U.S. reaffirm commitment to continue close cooperation
Cambodia and the United States of America have confirmed their commitment to continue strengthening their bilateral cooperation, especially in the field of trade. ...
Khmer Times Staff
https://www.khmertimeskh.com/50815354/cambodia-u-s-reaffirm-commitment-to-continue-close-cooperation/