Economy and commerce
Trade
Ministry intervenes to halt pork price crash
The Agriculture Ministry has confirmed action to combat a drastic drop in pork prices over the past year due to illegal imports of live pigs from neighboring countries. ...
Sok Chan
http://www.khmertimeskh.com/news/37888/ministry-intervenes-to-halt-pork-price-crash/
Rubber prices soar by 132pct
Cambodian rubber exports increased 32 percent during the first three months of the year compared with the same period last year, while prices grew 132 percent during the first quarter, an agriculture official said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-prices-soar-132pct
Police tout success against economic crimes
Economic crime police last year helped arrest nearly 70 people in more than 300 cases, mostly involving intellectual property violations, counterfeiting and chemical production. ...
Pech Sotheary
http://www.khmertimeskh.com/news/37823/police-tout-success-against-economic-crimes/
More rice exporters given access to China
Beijing has agreed to increase the number of Cambodian rice exporters allowed to sell to the Chinese mainland. The Ministry of Agriculture has been advised that eight more companies will be granted licenses, taking the total to 34. ...
Sok Chan
http://www.khmertimeskh.com/news/37715/more-rice-exporters-given-access-to-china/
Ministry pledges rice support
After Cambodian rice exports declined dramatically in March, caused by what millers claimed was a stricter enforcement of sanitary and phytosanitary (SPS) measures by the Chinese government, the Ministry of Agriculture announced yesterday that it would lobby on the sector’s behalf to allow more millers ...
Hor Kimsay
http://www.phnompenhpost.com/business/ministry-pledges-rice-support
Rice exports show slow growth
Cambodian rice exports declined dramatically in March, causing the average export growth of the Kingdom’s dominant cash crop to increase by only 3 percent during the first quarter of this year, nearly wiping out the double-digit growth seen in January and February. ...
Hor Kimsay
http://www.phnompenhpost.com/business/rice-exports-show-slow-growth
Bilateral trade with China jumps to $4.8 billion
Trade between China and Cambodia swelled to $4.8 billion last year, up by about $200 million from the year before, while Beijing has now given the government $4.2 billion in grants and loans, Prime Minister Hun Sen said on Tuesday. ...
Kuch Naren and Ben Paviour
https://www.cambodiadaily.com/news/bilateral-trade-with-china-jumps-to-4-8-billion-127916/
Kingdom pursuing tax treaty with South Korea
South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea
Millers push for China access
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. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-push-china-access
Smooth trade to put $2B exports in reach
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. ...
Kali Kotoski
http://www.phnompenhpost.com/business/smooth-trade-put-2b-exports-reach
Cassava exports up, prices low
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. ...
Chea Vannak
http://www.khmertimeskh.com/news/37174/cassava-exports-up--prices-low/
Cart pullers force Thai fee backdown
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. ...
Pav Suy
http://www.khmertimeskh.com/news/37043/cart-pullers-force-thai-fee-backdown/
US, Cambodia trade reaches $3 billion
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 ...
Sum Manet
http://www.khmertimeskh.com/news/37034/us--cambodia-trade-reaches--3-billion/
Cambodia signs deal with Chinese province
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. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/cambodia-signs-deal-chinese-province
Post-Brexit UK trade increase expected
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. ...
Chea Vannak
http://www.khmertimeskh.com/news/36930/post-brexit-uk-trade-increase-expected/
Draft law on trade remedies adopted
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. ...
Sok Chan
http://www.khmertimeskh.com/news/36882/draft-law-on-trade-remedies-adopted/
Alternative to TPP shows no sign of activity: analysts
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 ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/air-cargo-volume-soars-again
Traders urged to use riel
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. ...
Sok Chan
http://www.khmertimeskh.com/news/36683/traders-urged-to-use-riel/
Level the playing field: PM to World Trade Organization
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. ...
Kali Kotoski and Touch Sokha
http://www.phnompenhpost.com/business/level-playing-field-pm-world-trade-organization
International trade swells to $22B
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. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/international-trade-swells-22b
Make RCEP a success, says Hun Sen
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. ...
May Kunmakara
http://www.khmertimeskh.com/news/36681/make-rcep-a-success--says-hun-sen/
Thais eye appliances market
Thailand expects exports of electrical and electronic components and devices to Cambodia to grow to about $50 million this year due to high demand. ...
Chea Vannak
http://www.khmertimeskh.com/news/36510/thais-eye-appliances-market/
Mango exporter targets Hungary and Russia
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. ...
Chea Vannak
http://www.khmertimeskh.com/news/36314/mango-exporter-targets-hungary-and-russia/
China offers cassava hope
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. ...
Chea Vannak
http://www.khmertimeskh.com/news/36202/china-offers-cassava-hope/