Trade

Amid concerns that the European Union could reject shipments of Cambodian rice, exporters are pushing for more access to China as an alternative market for the Kingdom’s principal agricultural commodity. ...

Cambodia could expand its foreign trade by up to 16 percent, adding approximately $2 billion worth of exports, by complying with a new international trade protocol that aims to slice through the red tape that slows and complicates cross-border trade. ...

Though the export of cassava from Cambodia to foreign markets increased by more than 50 percent in 2016, compared with previous years, export earnings were still low due to below-market-prices offered by buyers in Thailand and Vietnam.   ...

About 30 cart pullers at the Poipet International Border Checkpoint staged an hour-long protest yesterday demanding that Thai customs officials remove transit fees that have been in effect for about one month.   ...

The trade volume between Cambodia and the United States in 2016 reached about $3 billion, while nearly 240,000 American tourists visited the kingdom. Foreign Ministry spokesman Chum Sounry told reporters yesterday after a meeting between Foreign Minister Prak Sokhonn and Mom Rady, a Democratic member ...

The Cambodian government signed a memorandum of understanding (MoU) with officials from China’s Shaanxi province aimed at bolstering trade and tourism, according to a release yesterday by the Ministry of Commerce. ...

Trade between Cambodia and the United Kingdom is expected to increase after Britain’s exit from the European Union, according to the British ambassador, saying that after Brexit, the UK will independently negotiate trade agreements with Cambodia.   ...

The Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base. ...

While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership (TPP), which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing ...

In an effort to boost the use of the riel, private companies have called on the National Bank of Cambodia (NBC) to ensure that all goods worth less than $100 are priced in riel. ...

Prime Minister Hun Sen accused the World Trade Organization (WTO) of operating under a double standard yesterday, claiming the international trade body was applying pressure on small developing economies while overlooking the regulatory breaches of its more developed member states. ...

The value of Cambodia’s international trade surged to $22 billion last year on double-digit growth of both imports and exports, according to newly released data from the Ministry of Commerce. ...

Cambodia is committed to join hands with other Asean member states to make the Regional Comprehensive Economic Partnership (RCEP) a success after the cancellation of the US-backed Trans-Pacific Partnership (TPP), said Prime Minister Hun Sen yesterday. ...

Thailand expects exports of electrical and electronic components and devices to Cambodia to grow to about $50 million this year due to high demand.   ...

Mong Reththy Group, an agro-industrial conglomerate that invested heavily in the mango sector, is expanding markets for exports to Russia and Hungary. Group president Mong Reththy said the new markets will increase group exports from Cambodia to 5,000 metric tons a year. ...

Cambodia has marked its first Cassava Day with expectations of greater exports to China, one of the world’s big markets for the tuberous root.   ...

Products from neighboring Thailand are still considered the best for many Cambodian consumers, and this is an incentive for Thai companies to set up branches in the country – taking advantage of the positive investment climate prevailing in the kingdom. ...

The Agriculture, Forestry and Fisheries Ministry will reinstate sanitary and phytosanitary (SPS) inspections on imported goods close to 10 years after having made the commitment to the World Trade Organization (WTO). ...

Cambodians spent over $100 million on imported meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market, a government official said yesterday. ...

US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...

The Kingdom’s two main ports reported markedly slower growth in container traffic last year due to a fall in import traffic, although exports of garments and agricultural products continued to rise, according to newly released port data. ...

Vietnam is seeking to reverse their decline in trade with Cambodia and Laos, jump-starting plans yesterday to build 116 warehouses near border gates they share with their neighbors.According to a Vietnamese online news outlet, Vietnam’s Industry and Trade Ministry agreed to the plan to build ...

Cambodia is aiming to diversify its exports after signing an agreement with the Eurasian Economic Commission (EEC) yesterday following the first session of a joint working group seeking to expand trade cooperation between the two sides. “Moreover, Cambodia wants to increase the trade volume and ...

The Ministry of Agriculture, Forestry and Fisheries is pushing mango farmers to increase their knowledge of growing the fruit before exporting to South Korea in an effort to boost production.Hean Vanhorn, deputy director general at the ministry, said at a workshop in Kampong Speu province ...