Economy and commerce
Trade
Exports to US soar in H1
Cambodia’s shipments to the world’s largest market grew by 30 percent from January to June, the data show. $2.24 billion worth of Cambodian goods were purchased by the US. ...
Chea Vannak
https://www.khmertimeskh.com/50630230/exports-to-us-soar-in-h1/
EU never envisaged putting trade sanctions on Kingdom: Mogherini
In an interview with the Nikkei Asian Review on July 31, Mogherini – who is also the Vice-President of the European Commission – was asked whether the EU’s possible sanctions would lead to reforms in Cambodia, to which she said the Kingdom “needed to respect ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-never-envisaged-putting-trade-sanctions-kingdom-mogherini
Hun Sen orders block on all illegal importation of pork
Ministries, relevant institutions, National and Military Police, the Phnom Penh Municipality and provincial halls nationwide are to work with the Ministry of Agriculture, Forestry and Fisheries to halt the illegal import of pigs and pork products, he said. ...
Voun Dara
https://www.phnompenhpost.com/national/hun-sen-orders-block-all-illegal-importation-pork
‘Focusing on fragrant rice will help meet export target to Indonesia’
Cambodia can meet its 100,000 tonne annual export target to Indonesia if more focus is placed on fragrant rice, exporters have said. In 2012, Cambodia signed a memorandum of understanding (MoU) to export 100,000 tonnes of rice to Indonesia annually, but the target was never ...
Hin Pisei
https://www.phnompenhpost.com/business/focusing-fragrant-rice-will-help-meet-export-target-indonesia
Hun Sen aims to ban imports of non-recyclable waste
Cambodia could soon become the next Asian country to reject the importation of rubbish from overseas, despite suggestions from the private sector that Cambodia could burn waste to produce electricity. According to The Guardian, China’s ban on foreign waste last year left developed nations struggling to ...
Ben Sokhean
https://www.khmertimeskh.com/50623834/hun-sen-aims-to-ban-imports-of-non-recyclable-waste/
Pig sale from ASF areas allowed
As African Swine Fever (ASF) ravages five Cambodian provinces, causing more than $600,000 in losses to local farmers, the Ministry of Agriculture, Forestry and Fisheries announced on Saturday it will now allow the sale of disease-free pigs from afflicted areas. A total of 3,211 pigs ...
Khorn Savi and Hin Pisei
https://www.phnompenhpost.com/business/pig-sale-asf-areas-allowed
Cambodia seeks to export rice to Africa through Korean firms
Cambodia plans to export rice to African markets through South Korean companies, as its EU market share showed signs of drop in the first half of this year. In addition to the Chinese market, the Cambodia Rice Federation (CRF) expects exports to Africa to help ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-seeks-export-rice-africa-through-korean-firms
Kingdom set to import 50K tonnes of salt amid lacklustre production
Cambodia is set to import about 50,000 tonnes of salt to supply domestic demand this year, as its production accounted for only 30 per cent, according to the Salt Producers Community of Kampot-Kep (SPCKK). This will be the second consecutive year of salt shortages and ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-set-import-50k-tonnes-salt-amid-lacklustre-production
Cambodia's EU rice exports fall sharply after tariffs; China sales up
Cambodia’s rice exports to the European Union fell sharply in the first half of the year following the imposition of tariffs, official data showed on Monday, but the loss was offset by increased sales to China. The EU in January imposed tariffs for three years ...
PM’s Geneva trip ‘a success’
After Prime Minister Hun Sen returned from his July 3-5 visit to the World Trade Organisation (WTO) and the Office of the United Nations High Commissioner for Human Rights (OHCHR) in Switzerland, the Ministry of Foreign Affairs and International Cooperation described the meetings as “successful”. ...
Niem Chheng
https://www.phnompenhpost.com/national/pms-geneva-trip-success
Cambodia’s rice exports to China exceed those to EU
Cambodia exported more rice to China than the EU for the first time during the first half of this year, a report from the Secretariat of One Window Service for Rice Export Formality said. The report shows that the Kingdom’s rice exports during the first ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodias-rice-exports-china-exceed-those-eu
WTO nations reaffirm pledge to aid LDCs through trade
Six World Trade Organization members on Tuesday pledged a combined $13 million to finance the Enhanced Integrated Framework (EIF), a significant show of support for trade as a development tool. The pledge was made on the same day that Prime Minister Hun Sen addressed WTO members ...
May Kunmakara
https://www.khmertimeskh.com/50621053/wto-nations-reaffirm-pledge-to-aid-ldcs-through-trade/
PM criticises EU during WTO meeting
Prime Minister Hun Sen has renewed accusations of double standards by the European Union over the possible suspension of the Kingdom’s Everything-but-arms trade status during his visit to Geneva. Mr Hun Sen is attending a three-day meeting on Aid for Trade Global Review in Switzerland and ...
Ben Sokhean
https://www.khmertimeskh.com/50621146/pm-criticises-eu-during-wto-meeting/
Ministry rejects Vietnam request to export pigs into Kingdom
The Minister of Agriculture has rejected a request from a Vietnamese company for Cambodia to allow it to export pigs into the Kingdom, while Vietnam continues to suffer a serious outbreak of African swine fever. General Directorate of Animal Health and Production director-general Tan Phannara ...
Thou Vireak
https://www.phnompenhpost.com/business/ministry-rejects-vietnam-request-export-pigs-kingdom
Gov’t: No Chinese goods skirting US tariffs at SSEZ
No Chinese goods have been found to be exported from Cambodia to the US to avoid US-imposed tariffs on China, a Ministry of Commerce statement said on Sunday. US embassy spokesman Arend Zwartjes previously told The Post on Thursday that the US Department of Homeland ...
Hin Pisei
https://www.phnompenhpost.com/business/gov%E2%80%99t-no-chinese-goods-skirting-us-tariffs-ssez
Kingdom, China ink contract for rice storage facilities, drying silos
Cambodia signed an engineering, procurement and construction contract on the “Promotion of Paddy Production and Rice Exports Project” with Chinese state-owned company CITIC Construction Co Ltd to build rice storage facilities and drying silos in strategic locations in the Kingdom, the Ministry of Economy and ...
‘Life goes on’ if Cambodia loses Everything But Arms
Cambodia’s business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in mid-August, ...
Husain Haider
https://www.phnompenhpost.com/national/life-goes-if-cambodia-loses-everything-arms
EU tells Kingdom to provide ‘credible’ rights improvements
The European Commission has issued a statement calling on the government to show credible improvements on issues of concern in order to avoid the withdrawal of Everything-but-arms trade preferences. An EC and European External Action Service delegation wrapped up a visit to the Kingdom on ...
Khuon Narim
https://www.khmertimeskh.com/614245/eu-tells-kingdom-to-provide-credible-rights-improvements/
EU visit: Workers, unions and politicians express EBA fears
Workers, union leaders and politicians have expressed fear over the consequences of losing access to the EU’s “Everything But Arms” (EBA) agreement – something analysts have described as “manageable”. A team from the European Commission and European External Action Service is currently in Cambodia for ...
Niem Chheng
https://www.phnompenhpost.com/national/eu-visit-workers-unions-and-politicians-express-eba-fears
Agriculture ministry warns of legal action over pig import loopholes
The Ministry of Agriculture, Forestry and Fisheries has warned that it will take legal action against its provincial departments and production offices if they maintain any loopholes which allow live pigs or pork products that might be contaminated with African swine fever to be imported ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/agriculture-ministry-warns-legal-action-over-pig-import-loopholes
Rice industry insiders optimistic
With more plans for rice storage and silos in Cambodia, industry insiders have expressed their optimism that a lack of facilities will not pose a challenge for the Kingdom’s rice market this year. Cambodian Rice Federation vice-president Norng Veasna said thanks to efforts from the ...
Hin Pisei
https://www.phnompenhpost.com/business/rice-industry-insiders-optimistic
EU should look for win-win deal with Cambodia
In February 2019, the European Union launched an 18-month process over whether or not to maintain Cambodia’s preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The review follows what the European Union perceives as ‘the deterioration of democracy, respect ...
Chhoeun Kongkea
https://www.khmertimeskh.com/50604586/eu-should-look-for-win-win-deal-with-cambodia/
Government: UK-Cambodian trade will remain strong
Two-way trade between Cambodia and the UK will remain strong even if the UK leaves the EU as bilateral trade between the two countries surpassed $1 billion last year, said Ministry of Commerce spokesman Seang Thay on Wednesday. According to a Ministry of Commerce press ...
Hor Kimsay
https://www.phnompenhpost.com/business/government-uk-cambodian-trade-will-remain-strong
EBA withdrawal threatens Kingdom’s bicycle industry
Cambodian bicycle exports to the EU amounted to 1.52 million individual units last year valued at $331 million, according to a World Bank report released on Monday. The report – called Cambodia Economic Update – revealed that bicycles are Cambodia’s third main export to the ...
Hor Kimsay
https://www.phnompenhpost.com/business/eba-withdrawal-threatens-kingdoms-bicycle-industry