Economy and commerce
Trade
Sino-Cambodia FTA talks wrap up, signing to follow
Cambodia and China wrapped up free trade agreement (FTA) talks on Monday, the Ministry of Commerce said. The announcement was made during a video conference between Minister of Commerce Pan Sorasak and his Chinese counterpart Zhong Shan. The deal is expected to propel bilateral trade ...
Thou Vireak
https://www.phnompenhpost.com/business/sino-cambodia-fta-talks-wrap-signing-follow
Cambodia’s rubber export up 18 percent in H1
Cambodia exported 123,151 tons of dry rubber in the first half of 2020, up 18 percent compared to the same period last year, said a General Directorate of Rubber report on Monday. ...
Xinhua
https://www.khmertimeskh.com/50746839/cambodias-rubber-export-up-18-percent-in-h1/
Banana exports drop amid pandemic
Cambodia’s exports of yellow bananas experienced a slight decline during the first half of this year compared with the corresponding period last year due to the coronavirus pandemic which is affecting global supply and demand. ...
Cashew nuts key to achieving exports target, says ministry
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has continued to promote the local development of cashew nuts, saying the crop has the potential to help the country achieve its aim for 12 percent growth in agricultural exports by 2025. ...
Sorn Sarath
https://www.khmertimeskh.com/50746300/cashew-nuts-key-to-achieving-exports-target-says-ministry/
Fisheries exports struggling to remain afloat, need gov’t push
Cambodia exported 1,372 tonnes of fisheries products to the international market in the first half of this year, sinking around 80 per cent from 8,710 tonnes in the same period last year, a Ministry of Agriculture, Forestry and Fisheries report said. ...
Thou Vireak
https://www.phnompenhpost.com/business/fisheries-exports-struggling-remain-afloat-need-govt-push
Crisis talks on threat to rice imports
The Commerce Ministry and Cambodia Rice Federation (CRF) had an urgent meeting about the USA Rice Federation to the The United States International Trade Commission (USITC) on the eliminating a trade benefit on rice imported to US including from Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50744806/crisis-talks-on-threat-to-rice-imports/
After FTA with China, S. Korea next in line to negotiate free trade agreement
A free trade agreement negotiation between Cambodia and the Republic of Korea has been scheduled to kick-start shortly. This was said by Pan Sorasak, Minister of Commerce when meeting Park Heung-Kyeong, Ambassador of S. Korea to Cambodia, at the ministry office. ...
Khmer Times Staff
https://www.khmertimeskh.com/50743512/after-fta-with-china-s-korea-next-in-line-to-negotiate-free-trade-agreement/
Garment exports fall, factories hit by virus
Exports in garment sector dropped more than 5 percent to around $3.78 billion in the first half of the year, according to a spokesman of the Ministry of Labour and Vocational Training. ...
Sok Chan
http://khmertimeskh.com/50743103/garment-exports-fall-factories-hit-by-virus/
US lobby group calls for full taxes on all Cambodian rice
Cambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list. However, ...
Sorn Sarath
https://www.khmertimeskh.com/50743069/us-lobby-group-calls-for-full-taxes-on-all-cambodian-rice/
PM to oversee China FTA signing in August
Prime Minister Hun Sen will lead a delegation of high ranking officials to sign the Cambodia-China Free Trade Agreement (FTA) next month, the Ministry of Commerce said. This, it said, will provide Cambodia a gateway to the world’s second largest and Asia’s largest economy, heralding ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-oversee-china-fta-signing-august
Cambodia’s rubber exports increase by 17 percent in first five months
Cambodia exported 97,175 tonnes of rubber to foreign markets in the first five months of this year, an increase by 17 percent compared to the same period last year. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50741048/cambodias-rubber-exports-increase-by-17-percent-in-first-five-months/
Kampong Cham exports over 20,000 tonnes of bananas
Kampong Cham provincial governor Un Chanda said yesterday at a press conference the province has exported over 20,000 tonnes of fresh yellow bananas to international markets during the first six months of this year. ...
Khann Chanvirak
https://www.khmertimeskh.com/50740992/kampong-cham-exports-over-20000-tonnes-of-bananas/
Milled-rice exports up 41%
Cambodia’s milled-rice exports gained 41 per cent to 397,660 tonnes in the first half of this year from the 281,538 tonnes shipped in the same period last year. Their combined value was $264.5 million, Cambodia Rice Federation (CRF) secretary-general Lun Yeng told The Post on ...
Thou Vireak
https://www.phnompenhpost.com/business/milled-rice-exports-41
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/