Economy and commerce
Trade
Cambodia may be pressed by new EU palm oil regulations
New proposed rules from the European Union restricting the import of palm oil would likely affect Cambodia’s nascent palm oil sector, but the country’s main exporter is hoping that demand from India and China will cushion the blow. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodia-may-be-pressed-new-eu-palm-oil-regulations
Ministry, US body sign MoU to increase exports
The Labour Minister said he expects buyers from America to increase their orders both in the textile and footwear industry after a Memorandum of Understanding (MoU) was signed on Monday between the Ministry of Labour and the American Center for International Labor Solidarity. ...
Mom Kunthear
http://www.khmertimeskh.com/50103562/ministry-us-body-sign-mou-to-increase-exports/
Labour Ministry signs pact with US agency
The Labour Ministry is expecting American buyers to increase their orders after a memorandum of understanding between the ministry and the American Centre for International Labour Solidarity on “Cooperation in the Field of Labour” was signed. ...
Mom Kunthear
http://www.khmertimeskh.com/50103718/labour-ministry-signs-pact-with-us-agency/
Invasive fruit flies detrimental to Kingdom’s mango exports
Cambodia’s mango shipments have been routinely blocked before making it to the international market, with the Ministry of Agriculture claiming the mangoes are not of a high enough quality to meet the sanitary and phytosanitary (SPS) requirements necessary to ship outside of the Kingdom. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/invasive-fruit-flies-detrimental-kingdoms-mango-exports
New Cambodia-Vietnam market to serve as ‘model’ for growing trade ties
A new market will open on the Cambodia-Vietnam border over the next year, according to commerce ministry officials. The general goods market, launched during a groundbreaking ceremony on Tuesday in Tbong Khmum province, is being built following the conclusion of demarcation of the border in Memot ...
Hul Reaksmey
https://www.voacambodia.com/a/new-cambodia-vietnam-market-to-serve-as-model-for-growing-trade-ties/4213673.html
Rubber exports jump as smugglers siphon off profits
The total amount of rubber exported by Cambodia surged 30 percent last year, but widespread rubber smuggling on the Vietnamese border crippled potential profits from the booming industry. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-jump-smugglers-siphon-profits
Phnom Penh port’s revenue up 14 percent
Following robust growth in cargo shipments, total revenue for state-owned Phnom Penh Autonomous Port (PPAP), the second largest harbor in Cambodia, increased by 14 percent in 2017, according to the Ministry of Public Works and Transport. ...
May Kunmakara
http://www.khmertimeskh.com/50102226/phnom-penh-ports-revenue-up-14-percent/
Malaysian motorcycle maker breaks into Cambodian market
DNC Asiatic Holdings Sdn Bhd, a Malaysian manufacturer of motorcycles, will ship 25,000 units of its Demak model to the kingdom this year, in a deal worth $56 million that is part of its overseas expansion strategy. ...
May Kunmakara
http://www.khmertimeskh.com/50101598/malaysian-motorcycle-maker-breaks-cambodian-market/
China asked to buy more sugarcane from Cambodia
During a meeting with Chinese Premier Li Keqiang yesterday, Prime Minister Hun Sen asked China to increase imports of Cambodian sugarcane. The officials met in Phnom Penh’s Peace Palace yesterday. ...
Sok Chan
http://www.khmertimeskh.com/50101596/china-asked-buy-sugarcane-cambodia/
Trade with China on the upswing
Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...
May Kunmakara
http://www.khmertimeskh.com/50100171/trade-china-upswing/
China order lifts rice imports for 2017
Cambodian rice exports in 2017 increased 17 percent by volume compared to the year before, with exporters pushing to fill orders under China’s expanded import quota while shipments to European markets remained steady, according to Agriculture Ministry figures. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/china-order-lifts-rice-imports-2017
Exports rose 19 percent: Commerce Ministry
The Commerce Ministry yesterday announced a 19 percent surge in exports for the year and a quadrupling of revenue collected from import licence fees, but would not provide analogous figures for total imports or explain what could be driving the increases. According to the ministry’s annual ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/exports-rose-19-percent-commerce-ministry
SECC cuts transaction fees for derivative trades
The Securities and Exchange Commission of Cambodia (SECC) has decided to slash transaction fees on derivative trading, a move the SECC claims will help spur future trades. ...
Hor Kimsay
http://www.phnompenhpost.com/business/secc-cuts-transaction-fees-derivative-trades
Cambodia’s citric acid exports prompt investigation in Europe
The European Commission has announced it is investigating the potential laundering of Chinese shipments of citric acid through Cambodia, allowing Chinese manufacturers to flout export restrictions. The European Commission (EC) imposed duties on Chinese citric acid in early 2015 after determining that the chemical was being ...
Robin Spiess and Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodias-citric-acid-exports-prompt-investigation-europe
Chinese market widening for Cambodian exports
Cofco, China’s largest food processor, manufacturer and trader, will set up a working group in the kingdom to explore the possibilities available in the local agricultural market, including expanding the number of products it imports from Cambodia and investing in local infrastructure. ...
Sok Chan
http://www.khmertimeskh.com/5098014/chinese-market-widening-cambodian-exports/
Agriculture Ministry to ink $50 million mango pact
The Agriculture Ministry is set to sign a mango export investment deal with a Chinese firm worth up to $50 million, the second such deal in the country, Agriculture Minister Veng Sokhon said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/agriculture-ministry-ink-50-million-mango-pact
Biological pest control agents given green light by government
Cambodia has just launched a new registry for companies that wish to import biological control agents (BCA), effectively allowing the importation of these organisms which are widely used in other countries for pest control. ...
Sok Chan
http://www.khmertimeskh.com/5097360/biological-pest-control-agents-given-green-light-government/
As Hun Sen goads West, minister quietly notes massive cost of sanctions
With Prime Minister Hun Sen publicly daring Western countries to impose sanctions in response to the recent dissolution of the country’s main opposition, the minister of commerce has quietly expressed concern at the staggering customs bill Cambodia would incur should the EU suspend its preferential ...
Hor Kimsay and Ananth Baliga
http://www.phnompenhpost.com/national-politics/hun-sen-goads-west-minister-quietly-notes-massive-cost-sanctions
Hun Sen dares EU to impose sanctions
A European Parliament resolution last week calling for the possible suspension of Cambodia’s preferential trade status prompted a strong reaction from Prime Minister Hun Sen, who yesterday sternly dared the bloc to “cut it!” Speaking to garment factory workers on Koh Pich yesterday, the premier said Cambodia would ...
Ben Sokhean and Leonie Kijewski
http://www.phnompenhpost.com/national-politics/hun-sen-dares-eu-impose-sanctions
New partnership to light up electronics sector in Cambodia
Legrand, a French manufacturer of electrical equipment, entered into an agreement on Friday with local company BMSC to distribute uninterruptible power supply (UPS) devices in the Cambodian market. ...
Sok Chan
http://www.khmertimeskh.com/5096455/new-partnership-light-electronics-sector-cambodia/
EU not taking action on garment industry
The European Union ambassador to Cambodia assured union officials on Tuesday that no sanctions on the garment sector had been taken. Former opposition leader Sam Rainsy and several civil society groups have called for sanctions on the garment industry following the dissolution of the opposition CNRP ...
Mom Kunthear
http://www.khmertimeskh.com/5095913/eu-not-taking-action-garment-industry/
Government fails to recoup on rubber expenses
Despite a 31 percent increase in Cambodian rubber exports during the first 11 months of this year, the Ministry of Agriculture is failing to recoup on expenses it has spent sending expert technicians into the field in order to help boost production. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-fails-recoup-rubber-expenses
New forum to tackle problems in rice sector
Next month the Cambodia Rice Federation (CRF) will hold the sixth edition of the Cambodia Rice Forum, bringing major stakeholders in the sector together to discuss the future of the local rice industry and create a joint effort to ramp up production and exports. ...
Sum Manet
http://www.khmertimeskh.com/5095643/new-forum-tackle-problems-rice-sector/
EU countries move to limit rice imports from Cambodia
Italy, along with six other European Union countries, has filed a fresh request to European Commission to limit the volume of rice imported from the Kingdom by activating a “safeguard clause” that allows EU member states to impose barriers to protect against trade imbalances. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/eu-countries-move-limit-rice-imports-cambodia