Economy and commerce
Trade
Tobacco worth over $2M exported to VN last year
Cambodia exported more than 1,000 tonnes of dry tobacco leaves to Vietnam last year, valued at more than $2 million. The figure marks a 24 per cent increase from 2016, the Ministry of Commerce said. Ministry of Commerce spokesman Long Kemvichet said data showed the ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/tobacco-worth-over-2m-exported-vn-last-year
Cashew sector pared down as farmers change crops
Cashew nut production in the Kingdom declined by more than 50 per cent in the three years leading up to last year, as farmers followed the market by switching to other crops, figures from the Ministry of Agriculture indicate. ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/cashew-sector-pared-down-farmers-change-crops
Trade war may boost Kingdom’s US exports
Exports of travel goods from the Kingdom are set to gain from the ongoing US-China trade war as US lobbyists for the Garment Manufacturers Association of Cambodia (GMAC) claim that President Donald Trump plans to raise duties on such China-made products from 10 to 25 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-war-may-boost-kingdoms-us-exports
Local mango planters can still depend on EU market: Exporter
Despite the failure to export to China and South Korea local planters can expect a boost in the exportation of fresh mangoes to the European Union (EU) provided they have quality products, said an exporter yesterday. ...
Chea Vannak
https://www.khmertimeskh.com/50519681/local-mango-planters-can-still-depend-on-eu-market-exporter/
Exports to US see 26% growth
Exports to the US grew 26 per cent in the first half of this year, despite tensions over the Kingdom’s July 29 national elections. This stands in stark contrast to last year when export growth to the US was in single digits. ...
Hor Kimsay
https://www.phnompenhpost.com/business/exports-us-see-26-growth
China should invest in Battambang milling plant
The Minister of Commerce Pan Sorasak urged a Hunan-based company to take advantage of the vast, untapped potential in the agricultural sector and to invest in an export processing plant in Battambang. ...
May Kunmakara
https://www.khmertimeskh.com/50519249/china-should-invest-in-battambang-milling-plant/
Deal signed with China over banana exports
The Kingdom on Thursday signed a joint phytosanitary protocol for banana exports to China, with officials saying this was the first move in promoting the product on the world stage. The agreement was signed by the Chinese ambassador to Cambodia Xiong Bo and Agriculture Minster ...
Hin Pisei
https://www.phnompenhpost.com/business/deal-signed-china-over-banana-exports
Kingdom exports to Japan regain double-digit growth
The Kingdom’s exports to Japan rebounded in the first half of the year, jumping from single-digit growth last year to 19 per cent, new figures from the Japanese External Trade Organization (Jetro) showed. During the first half of last year, Cambodian exports to Japan grew ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-exports-japan-regain-double-digit-growth
Palm sugar GI status in EU hits a glitch
The process of obtaining geographical indication (GI) status for Kampong Speu palm sugar in the European Union suffered a setback this week after a company asked for revisions to the wording of the product’s guidebook, according to a producers association. ...
Chea Vannak
https://www.khmertimeskh.com/50518153/palm-sugar-gi-status-in-eu-hits-a-glitch/
Despite election uncertainty, exports achieve solid growth
Exports of garment and footwear products achieved solid growth during the first half of the year, expanding by 9.3 percent. According to the Ministry of Commerce, exports from the country’s garment industry were valued at $3.7 billion during the first six months of the year. ...
May Kunmakara
https://www.khmertimeskh.com/50517748/despite-election-uncertainty-exports-achieve-solid-growth/
Chinese Ambassador: EU Should Not Mix Politics,Trade in Cambodia
China’s Ambassador in Phnom Penh says the European Union should not mix politics with trade as it mulls withdrawing Cambodia’s vital preferential single market access in response to the country’s autocratic backslide. ...
David Boyle
https://www.voanews.com/a/chinese-ambassador-eu-should-not-mix-politics-trade-in-cambodia/4489291.html
Salt body to import 30k tonnes from Thailand, China
The Kingdom will import 30,000 tonnes of salt to meet domestic demand as stockpiles are expected to empty by November, a leader from the Salt Producers Community of Kampot-Kep said. Citing the impact heavy rains have had on the industry, co-executive director of the body, ...
Hin Pisei
https://www.phnompenhpost.com/business/salt-body-import-30k-tonnes-thailand-china
Kingdom’s rubber exports bounce high in first half
Cambodian rubber exports surged 21 percent during the first half of the year, compared to the same period last year, the Ministry of Agriculture said on Sunday. Local producers exported 84,419 tonnes of rubber during the first six months of this year, an increase of ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/kingdoms-rubber-exports-bounce-high-first-half
Private sector to EU: Don’t punish Cambodia
Representatives of the Kingdom’s private sector this week urged the European Union not to cancel the Everything-but-arms (EBA) scheme in response to a perceived deterioration of human rights and democracy in the country. ...
May Kunmakara
https://www.khmertimeskh.com/50510723/private-sector-to-eu-dont-punish-cambodia/
Kingdom's trade deal with EU questioned before poll
A European Union (EU) mission met with senior government officials at the Ministry of Interior on Tuesday as the 28-member bloc monitors an agreement under which Cambodian goods reach the crucial European market tariff-free. ...
Niem Chheng
https://www.phnompenhpost.com/national/kingdoms-trade-deal-eu-questioned-poll
Salt body to name quota for imports
Salt producers in the Kingdom will meet next week to finalise import quotas in line with domestic demand, the chief technical officer of the Kep-Kampot Salt Producers community (KKSPC) said on Sunday. Last month, the KKSPC said Cambodia needed to import approximately 30,000 tonnes of ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/salt-body-name-quota-imports
Kingdom becomes top bicycle supplier to EU
Cambodia became the largest bicycle supplier to the European Union (EU) last year, overtaking Taiwan, which had held the number one spot for two decades, a recent report from the website Bike-EU.com said on Monday. The report from the leading industry newsletter associated with the ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-becomes-top-bicycle-supplier-eu
Two more provinces to be able to issue certificates of origin
Producers, traders and exporters in Ratanakkiri and Tbong Khmum can now apply online for certificates of origin for their exports, submitting applications through the website of their respective provincial commerce department. ...
May Kunmakara
https://www.khmertimeskh.com/50505079/two-more-provinces-to-be-able-to-issue-certificates-of-origin/
Customs unit to get choppers to fight smuggling: PM
Prime Minister Hun Sen yesterday said that the Cambodian customs unit will have helicopters equipped with weapons to stamp out smuggling. ...
Khuon Narim
https://www.khmertimeskh.com/50504920/customs-unit-to-get-choppers-to-fight-smuggling-pm/
Koh Trong pomelo gets GI recognition
The pomelo grown in Kratie’s Koh Trong commune is now the third Cambodian product to obtain Geographical Indication (GI) status, following in the footsteps of Kampot pepper and Kampong Speu’s palm sugar. ...
Sok Chan
https://www.khmertimeskh.com/50504798/koh-trong-pomelo-gets-gi-recognition/
China says low sanitary standards in Cambodia a barrier to more trade
With the countries aiming to achieve $6 billion in bilateral trade by 2020, China on Tuesday said Cambodia’s low sanitary and phytosanitary standards stand in the way of achieving their mutual trade goals, particularly when it comes to agricultural goods. ...
Fasmec brings in website for SMEs
Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...
Hor Kimsay
https://www.phnompenhpost.com/business/fasmec-brings-website-smes
Amru bags rice deals worth almost $10M
Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province. The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy ...
Hor Kimsay
https://www.phnompenhpost.com/business/amru-bags-rice-deals-worth-almost-10m
Officials seize 400kg of wildlife in Kratie
Phnom Penh Forestry Administration (FA) on Tuesday morning stopped a passenger bus that was carrying snakes, water monitor lizards, turtles and tortoises, weighing a total of 400kg, said Kom Seyha, office chief at the Phnom Penh FA, who led the operation. ...
Niem Chheng
https://www.phnompenhpost.com/national/officials-seize-400kg-wildlife-kratie