Trade

The National Bank of Cambodia (NBC) and the People’s Bank of China in the autonomous Guangxi region of southern China have launched an official yuan-riel exchange rate that allows businesses and individuals to conduct trade settlement activities without using the US dollar as an intermediary ...

n a speech to 65 senior government officials yesterday, Cambodia’s acting foreign affairs minister said this month had been “the worst” so far in the history of Cambodia-US relations. “Our relationship seems to be difficult,” said Ouch Borith, who is second-in-command at the Foreign Affairs Ministry. ...

Cambodia and Bangladesh are seeking to strengthen cooperation on trade and enhance and expand trade and business partnerships via a deal which will be signed in October. ...

Despite a diplomatic row with the United States, the trade relationship between Cambodia and the US remains normal, said the Ministry of Commerce’s spokesperson yesterday. ...

The Ministry of Commerce has committed to joining up with the Thai Embassy in Cambodia to build a favourable business and investment climate between the Asean neighbours. ...

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...

More than $30 million in Cambodian sand exports registered by Taiwan appear to be missing from Cambodia’s customs records, according to data from both governments, marking yet another large-scale discrepancy in the Kingdom’s figures on the trade. ...

More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday. ...

Cambodia inked a memorandum of understanding with China yesterday that aims at providing better facilities for trademark and brand registration in both countries. ...

While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the ...

Cambodia is keen to grow Japonica rice and the Ministry of Agriculture is currently conducting field trials to explore the possibility. “We are currently studying how Japonica rice can be grown in the country and it will take three to four years to know the full ...

The deteriorating political climate in Cambodia and ramped up government rhetoric against the United States could end up jeopardising the Kingdom’s economic relations with the US, its largest single trading partner, analysts have warned. ...

China wants to import 300,000 tonnes of rubber from Cambodia by early next year, as the Cambodian government boosts its capacity for direct rubber exports to China. ...

Cambodia has suggested that the US review its Generalised System of Preference for Duty-Free and Quota Free (GSP-DFQF) granted to the kingdom, as a less developed country, in order for its exports to have better preferential access to the North American market. ...

The Cambodia Chamber of Commerce (CCC) has suggested that Russia set up the Russia-Cambodia Investor Council to pave the way for the private sector in both countries to be engaged with each other. ...

Cambodian officials and members from the private sector have refuted international media reports that claim the price for rice exports to Bangladesh will be set at $453 a tonne as part of a government-to-government deal that hopes to see 250,000 tonnes of white rice exported ...

Four ministries are pushing local producers, particularly small and medium sized enterprises (SMEs), to improve their quality, standards and packaging and to provide proper labels on their products to make them more attractive to supermarkets, restaurants and hotels and to boost recognition of local products ...

Kampot pepper, which received geographical indication (GI) certification from the European Union last year, expects 80 tonnes to go on the export market this year, thanks to demand and increased production. ...

Local small- and medium-size enterprises (SMEs) met with government officials yesterday and accused them of not doing enough to support domestic products against a flood of imports while multiple officials claimed that they could provide little assistance unless businesses were properly registered. ...

Cambodia has yet to export mangoes to South Korea despite signing a memorandum of understanding in 2015 with the East Asian country’s Animal and Plant Quarantine Agency, according to a senior official in the Ministry of Agriculture. ...

Two weeks after Bangladesh and Cambodia signed a memorandum of understanding (MoU) in Phnom Penh to purchase rice from Cambodia, on Monday of this week Bangladesh signed a deal to buy 250,000 tonnes of milled rice from Cambodia. ...

Royal Government of Cambodia is drawing up strategic plan to promote both the quality and sustainable markets for Cambodia’s pepper. ...

Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...

Cambodian timber exports to Vietnam over the first six months of the year have almost surpassed the total amount for all of last year, according to Vietnamese customs data, despite an existing ban on the trade – which one analyst said had “entirely failed” in ...