Economy and commerce
Trade
Industry makes another appeal against EU tariffs
Three associations in the garment, footwear and travel goods and commerce yesterday once again sent a letter to the European Parliament appealing to postpone the scheduled partial withdrawal of the Everything but Arms (EBA) trade preferences. ...
Sok Chan
https://www.khmertimeskh.com/50740483/industry-makes-another-appeal-against-eu-tariffs/
Brakes put on auto imports
With the Covid-19 pandemic cutting into the global vehicle and parts manufacturing industry and transforming Cambodians’ spending habits, imports have seen a sharp decline this year. Cambodia imported $600.903 million worth of vehicles and parts in the first five months of the year, plunging 17.39 ...
Hin Pisei
https://www.phnompenhpost.com/business/brakes-put-auto-imports
$627 million in exports to Japan in the first four months of this year
Cambodia has exported $627 million worth of products to Japan in the first four months of this year, up 4 percent compared to the same period last year. Figures from Japan External Trade Organisation (JETRO) show that from January to April, the bilateral trade between ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50739560/627-million-in-exports-to-japan-in-the-first-four-months-of-this-year/
Cambodia exports two million tonnes of agricultural products in first five months
A total of 1.9 million tonnes of agricultural products have been exported in the first five months of this year, a 7 percent increase compared to the same period last year. Of the total exported agricultural products, milled rice was accounted for about 350,000 tonnes, ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50736330/cambodia-exports-two-million-tonnes-of-agricultural-products-in-first-five-months/
Cambodian vegetables stand to gain EU market
Cambodia will seize the opportunity to export vegetables to EU market, a Ministry of Agriculture, Forestry and Fisheries senior official Ngin Chhay has said. ...
Khmer Times Staff
https://www.khmertimeskh.com/50736081/cambodian-vegetables-stand-to-gain-eu-market/
Pressure to export several food products to China simultaneously
Cambodia wants China to have a full fruit package deal in negotiations concerning sanitary and phytosanitary issues to export agricultural products to the Chinese market. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50734350/pressure-to-export-several-food-products-to-china-simultaneously/
South Korea says may sign FTA next month
South Korean officials have expressed their intention to sign a free trade agreement (FTA) with Cambodia next month to boost bilateral trade, news hailed by local businessmen. ...
Thou Vireak
https://www.phnompenhpost.com/business/south-korea-says-may-sign-fta-next-month
PM forecasts economic contraction of 1.9 percent this year
Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733913/pm-forecasts-economic-contraction-of-1-9-percent-this-year/
Cambodia-Thailand trade hit $3.1 billion in four months
The two-way trade between Cambodia and Thailand hit $3.1 billion in four months of this year, up 18.3 percent year-on-year, the Cambodian Embassy in Thailand said. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733994/cambodia-thailand-trade-hit-3-1-billion-in-four-months/
Cambodia-U.S. trade volume reaches $2.1 billion in first four months
The trade volume between Cambodia and U.S. has reached $2.1 billion in the first four months of the year which goes up to 29.31 percent compared to the same period of 2019 which was shared by the U.S Trade Bureau. ...
Khmer Times Staff
https://www.khmertimeskh.com/50732492/cambodia-u-s-trade-volume-reaches-2-1-billion-in-first-four-months/
‘Abnormally’ high price of pork
The Pig Support in Cambodia Association claims that the price of imported live pigs is abnormally high. The association says there are now six companies granted a business licence to import the animals from foreign countries. Most come from Thailand. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50731794/abnormally-high-price-of-pork/
GMAC: EC didn’t reject EBA delay
The Garment Manufacturers Association in Cambodia (GMAC) on Sunday denied a news report that the European Commission had rejected its request to postpone the withdrawal of the EBA scheme for 12 months. ...
May Kunmakara
https://www.phnompenhpost.com/national/gmac-ec-didnt-reject-eba-delay
China grants local mangoes into market
The first consignment of fresh Cambodian mangoes will soon be able to directly ship to the Chinese market. The quota allowed is up to 500,000 tonnes of quality mangoes per year, the Chinese embassy to Cambodia said yesterday. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50730611/china-grants-local-mangoes-into-market/
Cambodia seeks to export more rice to China
Cambodia should ask China to increase the rice import quota from the Kingdom, said Mr. Song Saran, President of Cambodia Rice Federation, in a consultative meeting with private sector held at the Ministry of Commerce Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/50730663/cambodia-seeks-to-export-more-rice-to-china/
20,000 tonnes of yellow bananas exported in first five months
During the first five months of 2020, Cambodia exported 22,762 tonnes of yellow bananas, wherein 14,414 tonnes to Vietnam and 8,348 others to China. The update was provided by Veng Sakhon, Minister of Agriculture, Forestry and Fisheries when inspecting the progress of agro-industrial crop development ...
Khmer Times Staff
https://www.khmertimeskh.com/50730189/20000-tonnes-of-yellow-bananas-exported-in-first-five-months/
Cambodia’s rice exports up by 42 percent in first five months
Cambodia has exported 356,097 tonnes of milled rice to foreign markets during the first five months of this year. The figure shows an increase by 105,925 tonnes or 42.34 percent compared to the same period in the previous year, according to Minister of Agriculture, Forestry ...
Khmer Times Staff
https://www.khmertimeskh.com/50728658/cambodias-rice-exports-up-by-42-percent-in-first-five-months/
Cambodia’s Longan fruit bound for China
Longan is potential for both local market and export to Thailand and the drying facility for the fruit has already been built, said Thou Phea, Deputy Governor of Pailin province. ...
Khmer Times Staff
https://www.khmertimeskh.com/50725910/cambodias-longan-fruit-bound-for-china/
Government massively cuts imports of live pigs
The government has reduced the import of live pigs from neighbouring countries by up to 70 percent to support local farmers to increase their production, according to a senior official of the General Directorate of Animal Health and Production. ...
Sok Chan
https://www.khmertimeskh.com/50725748/government-massively-cuts-imports-of-live-pigs/
Natural rubber exports retain bounce during Covid-19 crisis
Cambodia exported $22.17 million worth of natural rubber to the international market last month, gaining 6.3 per cent over April 2019’s $20.85 million, said a Ministry of Agriculture, Forestry and Fisheries report. ...
Hin Pisei
https://www.phnompenhpost.com/business/natural-rubber-exports-retain-bounce-during-covid-19-crisis
PM Hun Sen gives nod for white rice exports resumption
Three agriculture products were given the nod to restart export next week, the government announced Friday during the cabinet meeting chaired by Prime Minister Hun Sen. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50723899/pm-hun-sen-gives-nod-for-white-rice-exports-resumption/
Cambodia pushes hard on free-trade agreements
Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. ...
Sorn Sarath
https://www.khmertimeskh.com/50723292/cambodia-pushes-hard-on-free-trade-agreements/
Trade with Japan sees increase of nearly 5%
Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. ...
Thou Vireak
https://www.phnompenhpost.com/business/trade-japan-sees-increase-nearly-5
Fertiliser imports on the rise
Cambodia imported more than 1.2 million tonnes of fertiliser and pesticide in 2019, a year-on-year increase of 9 percent, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...
Khmer Times Staff
https://www.khmertimeskh.com/50721495/fertiliser-imports-on-the-rise/
Cross-border trade with Thailand estimated at just $1.5 million for first quarter
Cambodia’s cross border trade with Thailand fell to $1.5 million in the first quarter as the coronavirus hit the global economy and led to closure of dozens of checkpoints. ...
Khmer Times Staff
https://www.khmertimeskh.com/50721501/cross-border-trade-with-thailand-estimated-at-just-1-5-million-for-first-quarter/