Economy and commerce
Trade
Everything But Arms: EU close to suspending Cambodia’s trade preferences
The EU slammed the government for the dire human rights situation in the Southeast Asian country, giving it a one-month deadline to respond to a preliminary report on suspending trade preferences before deciding whether to go ahead with the plan. Brussels has warned Phnom Penh ...
EU Bulletin
https://www.eubulletin.com/10398-everything-but-arms-eu-close-to-suspending-cambodias-trade-preferences.html
PM confident EBA outcome will not impact Kingdom
As the government reviews a European Commission preliminary report on whether Cambodia should retain its Everything-but-Arms preferential trade status, Prime Minister Hun Sen has said that the Kingdom has strong financial foundations to sustain itself with or without the EBA. “Someone said we will suffer ...
Ben Sokhean
https://www.khmertimeskh.com/50660990/pm-confident-eba-outcome-will-not-impact-kingdom/
Thailand boosting rubber exports a concern
Rubber growers and exporters have expressed concern that prices will continue to fall as Thailand seeks to boost its natural rubber exports, industry insider Men Sopheak said. In March, the International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia and Malaysia, agreed to reduce rubber ...
Thou Vireak
https://www.phnompenhpost.com/business/thailand-boosting-rubber-exports-concern
Exports of footwear and travel goods buoyed by tariff privileges
Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-footwear-and-travel-goods-buoyed-tariff-privileges
Cambodia imports 5,000 tonnes of Indian salt
Cambodia imported about 5,000 tonnes of salt from India amid a shortage of stock, Salt Producers Community of Kampot-Kep (SPCKK) co-president Bun Baraing said on Sunday. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-imports-5000-tonnes-indian-salt
China’s rice imports from Kingdom on the rise
China imported 40 percent more rice from Cambodia from January to October this year over the same period last year, according to government data. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50659992/chinas-rice-imports-from-kingdom-on-the-rise/
Experts from Asean gather to discuss upcoming Competition Law
The Competition Law, a piece of legislation deemed crucial in the digital economy, will be completed early next year, Commerce Minister Pan Sorasak said yesterday. ...
Sok Chan
https://www.khmertimeskh.com/50659995/experts-from-asean-gather-to-discuss-upcoming-competition-law/
Cambodian exports to Japan up 8.4 per cent year-on-year
Cambodia exported more than $1.2 billion of products to the Japanese market in the first nine months of this year, up 8.4 per cent on the same period last year, data from the Japan External Trade Organisation (Jetro) shows. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-exports-japan-84-cent-year-year
China a market for fragrant rice
Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...
Hin Pisei
https://www.phnompenhpost.com/business/china-market-fragrant-rice
Kingdom will export one million tonnes of rice by 2022, says CRF
The Cambodia Rice Federation (CRF) has committed to raising the Kingdom’s rice exports to one million tonnes by 2022, its president Song Saran said on Wednesday. The comment was made at the Strategic Plan 2020-2023 Consultation Workshop, which was attended by CRF members, ministry representatives, ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-will-export-one-million-tonnes-rice-2022-says-crf
Export of fishery products sinks in first nine months
Cambodia exported 10,980 tonnes of fishery products in the first nine months of this year – down 0.5 per cent from the same period last year – a Ministry of Agriculture, Forestry and Fisheries report said. The Kingdom exported 7,000 tonnes of fresh fish (60 ...
Hin Pisei
https://www.phnompenhpost.com/business/export-fishery-products-sinks-first-nine-months
Czechs vow support over EBA
The Czech government on Monday pledged to support the Kingdom’s efforts to retain its Everything-but-arms trade status during Prime Minister Hun Sen’s visit to the republic. Mr Hun Sen is on a five-day official visit to Eastern Europe which started on Sunday. He met Czech Prime ...
Ben Sokhean
https://www.khmertimeskh.com/50651403/czechs-vow-support-over-eba/
Kingdom’s rice exports rise 2%
Cambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation (CRF) report said. Rice exports to China increased more than 44 per cent, the report said, while exports to the ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-exports-rise-2
Sar Kheng: Cambodia is still negotiating to keep EBA, GSP status
Minister of Interior Sar Kheng has said that Cambodia is still trying to keep its access to the EU’s Everything But Arms (EBA) agreement and the US’ General System of Preferences (GSP) through negotiations. His remarks came during his mission to Germany from September 24 ...
Cambodia-US Trade Volume Reaches $3B in First Semester of 2019
Within the first seven month of 2019, Cambodia-US trade volume has reached over USD 3 billion, an increase of 29 percent compared to the same period in 2018, which was USD 2.3 billion. ...
Fresh News staff
http://en.freshnewsasia.com/index.php/en/localnews/15347-2019-09-18-04-42-45.html
Cambodia ready to implement UN agreement on paperless trade: gov’t
The government last week said it is ready to implement a regional agreement on paperless trade signed two years ago. In August 2017, Cambodia signed the Framework Agreement on the Facilitation of Cross-border Paperless Trade in Asia and the Pacific. Speaking during a meeting last week ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50641266/cambodia-ready-to-implement-un-agreement-on-paperless-trade-govt/
Ministry reveals informal rice export figures
In the first eight months of the year, Cambodia exported 1.6 million tonnes of paddy rice to neighbouring Vietnam through informal channels, a recent report from the Ministry of Agriculture revealed. That figure is significantly higher than the total amount of milled rice shipped abroad through ...
Chea Vannak
https://www.khmertimeskh.com/50640842/ministry-reveals-informal-rice-export-figures/
Cambodia’s rice farmers in serious danger
Half a million Cambodian farmers could possibly be looking at empty rice bowls if the European Union (EU) pushes through with the withdrawal of its Everything But Arms (EBA) trade preference. While the garment and footwear sectors stand to lose the most if the EBA trade ...
Jason Thomas
https://theaseanpost.com/article/cambodias-rice-farmers-serious-danger
EU, Germany to provide $9M Asean fund
The EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region. The pledge falls under the Asean Regional Integration Support – Cambodia ...
Thou Vireak
https://www.phnompenhpost.com/business/eu-germany-provide-9m-asean-fund
Ministry submits rights report to European Commission
Foreign Affairs Ministry spokesman Ket Sophann yesterday said the government has submitted a report to the European Commission detailing efforts made to improve human rights in the Kingdom. The report, submitted on Tuesday, is in response to a 30-page note sent by the EC in March ...
Taing Vida
https://www.khmertimeskh.com/50634383/ministry-submits-rights-report-to-european-commission/
Cambodia's garment manufacturers group urges EU to maintain EBA for Cambodia
The Garment Manufacturers Association in Cambodia (GMAC) has urged the European Union (EU) to maintain the Everything But Arms (EBA) trade preferences for Cambodia, according to its statement released to the media on Thursday. The EU started in February the 18-month process that could lead ...
Xiaoxia
http://www.xinhuanet.com/english/2019-08/16/c_138313126.htm
Cambodia, Japan bilateral trade reaches $1B in first half
Bilateral trade between Cambodia and Japan reached more than $1 billion in the first half of this year, up 16 per cent year-on-year, according to data from the Japan External Trade Organisation (Jetro). Cambodia’s exports to Japan in the first half of this year grew ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-bilateral-trade-reaches-1b-first-half
ILO: Cambodia’s footwear sector ripe for investment
Cambodia’s footwear sector will provide more opportunities for investment and production than the garment sector due to significant growth over the last five years, said an International Labour Organisation (ILO) research bulletin on Cambodia’s garment, textile, and footwear (GTF) industry. The bulletin said the footwear ...
Thou Vireak
https://www.phnompenhpost.com/business/ilo-cambodias-footwear-sector-ripe-investment
GMAC makes EU plea to consider job losses
In a statement set to be published on Monday, the Garment Manufacturers Association in Cambodia (GMAC) said the EU’s possible withdrawal of Cambodia’s Everything But Arms (EBA) access would harm 750,000 workers and three million families. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/gmac-makes-eu-plea-consider-job-losses