Economy and commerce
Trade
Second call for rice exports
The Ministry of Agriculture is calling on rice millers to apply for a second round of quality checks for exports to China after only 28 local rice mills, out of 60 which applied for inspection in the first round, passed last year. ...
May Kunmakara
http://www.khmertimeskh.com/news/35211/second-call-for-rice-exports/
Cambodia to host LDC roundtable
Cambodia is set to host a meeting in Siem Reap to help coordinate the trade interests of 48 least-developed countries (LDCs), said the Minister of Commerce Pan Sorasak on Thursday.“The members of the World Trade Organization (WTO) were confident in us and chose Cambodia, at ...
Sum Manet
http://www.khmertimeskh.com/news/34852/cambodia-to-host-ldc-roundtable/
Sand exports in limbo
Sand exports will remain suspended amid questions about a 56 million-ton discrepancy in deliveries to Singapore. Dith Tina, a secretary of state and spokesman for the Ministry of Mines and Energy, said yesterday that no date had been set for the exports to resume. ...
Pech Sotheary
http://www.khmertimeskh.com/news/34708/sand-exports-in-limbo/
Singapore, Cambodia say sand exports have stopped
The controversial exporting of Cambodian sand to Singapore has finally—if temporarily—been stopped, according to officials from the two countries, amid long-running criticism over discrepancies in shipment records and environmental damage. ...
Kuch Naren
https://www.cambodiadaily.com/news/singapore-cambodia-say-sand-exports-have-stopped-123915/
Cross-border paperless trade
Cambodia is looking to implement cross-border paperless trade once the country’s e-commerce law is fully adopted and implemented, the Commerce Ministry said. ...
Sum Manet
http://www.khmertimeskh.com/news/34530/cross-border-paperless-trade/
Cambodia eyes Swedish trade
Cambodia is seeking to expand its market for milled rice to Sweden and is looking for ways to cooperate further in trade and investment. ...
Chea Vannak
http://www.khmertimeskh.com/news/34526/cambodia-eyes-swedish-trade/
Rubber exports stable
While international rubber prices rebounded late last year, Cambodia’s exports in 2016, however, remained relatively unchanged compared with 2015, according to the Ministry of Agriculture, Forestry and Fisheries. ...
Chea Vannak
http://www.khmertimeskh.com/news/34466/rubber-exports-stable/
Singapore’s government breaks months of silence over sand scandal
Breaking months of silence over accusations that it imported tens of millions of tons of smuggled sand, Singapore’s government on Monday distanced itself from any wrongdoing, a response an environmental NGO leader deemed “full of lies” and “devoid of any meaning.” ...
Ben Paviour
https://www.cambodiadaily.com/news/singapores-govt-breaks-months-of-silence-over-sand-scandal-123541/
Vietnam urges curb on illegal goods
The Vietnamese government has urged local authorities to combat trade fraud, smuggling and counterfeit goods in provinces bordering Cambodia to boost trade with its neighbor. ...
May Kunmakara
http://www.khmertimeskh.com/news/34240/vietnam-urges-curb-on-illegal-goods/
Tariff cuts slash $150M from revenue
Trade liberalisation under the ASEAN Free Trade Agreement (AFTA) cost Cambodia $150 million in lost tariff revenue last year, with the losses projected to climb further in the coming years as the Kingdom phases out tariffs on goods originating within the 10-member economic bloc, a ...
Hor Kimsay
http://www.phnompenhpost.com/business/tariff-cuts-slash-150m-revenue
Ministry scraps rice inspection fee
The government has removed the fee for inspection services on milled rice slated for export, aiming to reduce the cost of Cambodia’s rice and increase its competitiveness in international markets. ...
Chea Vannak
http://www.khmertimeskh.com/news/34115/ministry-scraps-rice-inspection-fee/
26 millers pass China test
Two rice millers, which had passed initial inspections, were deemed ineligible to export rice to China after failing quality and food hygiene tests applied by Chinese experts. ...
Chea Vannak
http://www.khmertimeskh.com/news/34060/26-millers-pass-china-test/
Slowing rice export growth ‘worrisome’
An Agriculture Ministry official said on Sunday that slowing growth in Cambodian milled rice exports—increasing just 0.7 percent last year—was the result of outdated policies and was a concerning trend. ...
Chhorn Phearun
https://www.cambodiadaily.com/business/slowing-rice-export-growthworrisome-123114/
Cambodia’s rice exports fall sharply
Cambodia’s milled rice exports only grew by a dismal 0.7 percent last year compared with 2015 and this was the lowest since 2014, according to government figures released yesterday. “Last year Cambodia only exported 542,144 tons of milled rice and the lowest exports were in the ...
Chea Vannak
http://www.khmertimeskh.com/news/33963/cambodia---s-rice-exports-fall-sharply/
Singapore could face legal action over sand importation
Environmental NGO Mother Nature has hired a Singaporean law firm to investigate alleged irregularities in the country’s importation of Cambodian sand, the organization’s founder said on Wednesday. ...
Ben Paviour
https://www.cambodiadaily.com/news/singapore-could-face-legal-action-over-sand-importation-122978/
Export licenses for Vietnam
The Ministry of Commerce is calling for producers and exporters who have been dealing in dried tobacco leaves and milled rice to apply for licenses to export to Vietnam. Vietnam agreed to waive all duties on 300,000 tons of rice and 3,000 tons of dried tobacco ...
Sum Manet
http://www.khmertimeskh.com/news/33863/export-licenses-for-vietnam/
Fresh sand controversy
Cambodia exported more than 108,000 tonnes of sand to India in 36 separate shipments between 2013 and 2015, according to Indian customs data obtained yesterday, contradicting Cambodian customs data that show no sand being sent there at all. ...
Alex Willemyns and Mech Dara
http://www.phnompenhpost.com/national/fresh-sand-controversy
Rice export firms get go ahead
Eighteen local rice export companies are now eligible to carry out milled rice exports to China starting from next month, according to an announcement released on Monday by the Cambodia Rice Federation (CRF). The announcement added that the CRF and the Green Trade Company – under ...
Sok Chan
http://www.khmertimeskh.com/news/33377/rice-export-firms-get-go-ahead/
Agreement to increase cross-border vehicle limit
Cambodia and Thailand will sign a memorandum of understanding on Friday to increase the quota of buses and trucks permitted to cross the border between the two countries, a transport official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/agreement-increase-cross-border-vehicle-limit
China okays Cambodia rice
Cambodian milled rice has passed quality and food hygiene tests for export to China. A delegation of Chinese experts inspected the quality and safety at 27 rice mills during a week-long visit, said Hean Vanhan, director-general of the agriculture department at the Agriculture Ministry. The result of ...
Chea Vannak
http://www.khmertimeskh.com/news/32940/china-okays-cambodia-rice/
Better infrastructure needed for trade: study
Cambodian goods benefit from the lowest export tariff rates in the world but the Kingdom’s trade is still held back by lengthy bureaucratic procedures and corruption, according to a new study by the World Economic Forum (WEF). The Global Enabling Trade Report 2016, a study published ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/better-infrastructure-needed-trade-study
Trade with China to grow
Hundreds of leading Chinese companies will come together with hundreds more local companies today at the first Cambodia-China Business Forum and Financial Development Forum in Phnom Penh, aimed at expanding trade and investment between the two countries. ...
May Kunmakara
http://www.khmertimeskh.com/news/32646/trade-with-china-to-grow/
Rubber prices could rise
Rubber prices on the global commodities market are expected to rise to $2,500 per ton due to the improved state of the world economy and efforts by four major rubber producing countries – Vietnam, Thailand, Indonesia and Malaysia – to cut back supply, according to ...
Sok Chan
http://www.khmertimeskh.com/news/32511/rubber-prices-could-rise/
Dramatic rise in exports to Japan
The Kingdom’s total exports to Japan, one of the world’s largest economies, sharply increased in the first nine months of the year, a result of Cambodia’s effort to diversify export markets and preferential trade treatment from Japan. ...
May Kunmakara
http://www.khmertimeskh.com/news/31878/dramatic-rise-in-exports-to-japan/