Economy and commerce
Trade
Exports through Svay Rieng increase by $237 million
Cambodia’s exports through three Special Economic Zones in Svay Rieng province, which shares a border with Vietnam, have recorded a $237 million rise in the first quarter of 2020. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50713731/exports-through-svay-rieng-increase-by-237-million/
GMAC, other textile associations mount pressure on brands to pay suppliers
Nine business associations in the STAR (Sustainable Textile of Asian Region) Network are calling on buyers to honour their contracts with their suppliers. ...
Khmer Times Staff
https://www.khmertimeskh.com/50713331/gmac-other-textile-associations-mount-pressure-on-brands-to-pay-suppliers/
Exports soar 24% in first two months
Cambodian exports soared 24 per cent year-on-year to $2.563 billion in the first two months of this year, despite the reverberating local and global effects of the Covid-19 pandemic. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-soar-24-first-two-months
Success reported in second round of Cambodia-China free-trade agreement
A senior official of the Ministry of Commerce said negotiations on the free-trade agreement (FTA) between Cambodia and China have achieved about 70 percent success so far and they are expected to sign the agreement by the end of the year. ...
Kingdom casts it export net wider to mitigate exit of major US and EU markets
Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ...
Harrison White
https://www.khmertimeskh.com/50712402/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/
Second round of China FTA talks close
The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/second-round-china-fta-talks-close
Exports to Japan reach $296M
Cambodia exported $296 million of goods to Japan in the first two months of this year, up 2.4 per cent compared to the same period last year, data from the Japan External Trade Organisation (Jetro) shows. Both countries committed to boosting bilateral trade to more ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-japan-reach-296m
Border opening on table
Cambodia and Thailand are in talks to open more border gates to import and export agricultural products after the two countries largely closed their borders amid the Covid-19 pandemic. Held on Tuesday on the Thai side of the border, the Cambodian delegation was led by ...
Long Kimmarita
https://www.phnompenhpost.com/national/border-opening-table
Cambodia must boost agricultural output, says Prime Minister Hun Sen
The prime minister has urged all stake holders involved in the agricultural sector in the country to boost and promote the vital agricultural sector as it will provide food for the country’s people as well as enable exports. ...
Khmer Times Staff
https://www.khmertimeskh.com/710823/cambodia-must-boost-agricultural-output-says-prime-minister-hun-sen/
Cambodia and Japan: $2.3 billion record trade in 2019
Cambodia and Japan’s bilateral trade rose by 13 percent last year to $2,292 million, according to a recent report from the Japan External Trade Organisation (JETRO). ...
Chea Vannak
https://www.khmertimeskh.com/50709857/cambodia-and-japan-2-3-billion-record-trade-in-2019/
Exports of farm goods hit 3m in Q1 this year
Cambodia exported a total of 2,936,992 tonnes of agricultural commodities and products to the international markets during the first quarter of the year. Increasing 20 percent from the same period last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries released ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50708403/exports-of-farm-goods-hit-3m-in-q1-this-year/
Cambodia-U.S trade volume up by 33 percent to US$585 million in January
Bilateral trade between Cambodia and the U.S. were valued at US$585 million in January 2020, up 33 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50708596/cambodia-u-s-trade-volume-up-by-33-percent-to-us585-million-in-january/
Trade across Cambodia-Vietnam border remains stable amid COVID-19 outbreak
Trade activities across the Vietnam- Cambodia border have been maintained despite the halt of entry and exit of citizens and tourists as a measure to curb the spread of the acute respiratory disease caused by the coronavirus SARS-CoV-2 (COVID-19). ...
Khmer Times Staff
https://www.khmertimeskh.com/50707441/trade-across-cambodia-vietnam-border-remains-stable-amid-covid-19-outbreak/
Borders still open to trade, PM says
On Wednesday, Prime Minister Hun Sen said Cambodia remains open to cross-border trade with neighbouring countries, but the borders will remain closed to citizens and travelers. ...
May Kunmakara
https://www.phnompenhpost.com/business/borders-still-open-trade-pm-says
Cambodia-Indonesia trade rise to record high in 2019
Bilateral trade between Cambodia and Indonesia jumped 46 per cent to a record high of more than $792 million last year, from $543 million in 2018, the Ministry of Commerce said. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-indonesia-trade-rise-record-high-2019
Cambodian economy will be ‘worst hit in Asean’ ADB
The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-economy-will-be-worst-hit-asean-adb
Thailand proposes to close all borders with Cambodia to prevent the widespread of Covid-19 except freight
Thailand closes all road travels with Cambodia and tightens conditions for air travel as the measures to prevent the widespread of Covid-19. Thai authorities have begun to carry out the notification of a temporary travel suspension of all border entrances, with some of the ports ...
Niem Chheng
https://bit.ly/2xhAuRj
Cross-border deal inked to maintain trade amid Covid-19
Cambodia and Vietnam have agreed to allow cargo trailers to enter the common Bavet-Moc Bai border, located in Cambodia’ Svay Rieng province (Bavet) and Vietnam’s Tay Ninh province (Moc Bai) after movement restrictions were enforced to prevent a Covid-19 outbreak. ...
Thou Vireak
https://www.phnompenhpost.com/business/cross-border-deal-inked-maintain-trade-amid-covid-19
Trade to continue as normal
Although controls have been tightened due to the new coronavirus, trade between Cambodia and Vietnam continues, with the countries aiming to achieve $5 billion in trade by the end of the year, a Vietnamese official has confirmed. ...
May Kunmakara
https://www.phnompenhpost.com/national/trade-continue-normal
GMAC: European and American markets have announced a suspension on garment exports from Cambodia
Some foreign garment buyers have notified garment factories in Cambodia for a suspension on the shipment of garment exports from Cambodia to European and US markets due to the effects of the COVID-19 outbreak. The statement comes after the recent arrival of raw materials from ...
Vietnam, Cambodia work to ensure smooth cross-border goods transport
Cambodia has asked for Vietnam’s coordination to ensure uninterrupted cross-border transport of goods amid the COVID-19 epidemic. ...
VIetnam Plus Staff
https://en.vietnamplus.vn/vietnam-cambodia-work-to-ensure-smooth-crossborder-goods-transport/170382.vnp
Call to restrict overseas imports
Small and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their domestic markets. ...
Chea Vannak
https://www.khmertimeskh.com/50701923/call-to-restrict-overseas-imports/
12 more Chinese ships carrying garment raw materials to arrive in Cambodia this week
The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...
Khmer Times Staff
https://www.khmertimeskh.com/50700937/12-more-chinese-ships-carrying-garment-raw-materials-to-arrive-in-cambodia-this-week
Border Gate improvements planned to boost trade
The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities. ...
Khmer Times Staff
https://www.khmertimeskh.com/50698427/border-gate-improvements-planned-to-boost-trade