Economy and commerce
Trade
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
Meat producers told to shape up
The government will not consider further reductions of import quotas for live pigs, nor will it ban imports of the livestock, a high-ranking official at the Ministry of Agriculture, Forestry and Fisheries (MAFF) recently said, adding that companies in the meat industry should rethink their ...
Sok Chan
http://www.khmertimeskh.com/5094594/meat-producers-told-shape/
Local officials given power to issue ag origin certificates
In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/local-officials-given-power-issue-ag-origin-certificates
Illegal imports hogging local market for pigs, say farmers
Cambodian pig farmers are facing a mounting crisis as the price of pigs has continued to plummet, with many blaming local officials for allowing Vietnam to illegally import pigs across the border, representatives from a farmers association said at a press conference yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/illegal-imports-hogging-local-market-pigs-say-farmers
Don’t punish us: employers
The Garment Manufacturers Association in Cambodia has called on international buyers to continue ordering clothes and textile products made in the country over fears the US and the EU could halt preferential treatment for Cambodian exports. ...
Mom Kunthear
http://www.khmertimeskh.com/5093735/dont-punish-us-employers/
South Korea set to import mangoes
South Korea wants to host more migrant workers and increase agricultural imports from Cambodia, including mangoes, a meeting between the outgoing ambassador and National Assembly president Heng Samrin revealed yesterday. ...
Khy Sovuthy
http://www.khmertimeskh.com/5093482/south-korea-set-import-mangoes/
Government creates logistics council to help sector stay competitive in the region
The Cambodian government recently laid out the framework for the creation of a National Council of Logistics, a specialised interministerial team designed to tackle the high costs of the Kingdom’s logistics sector to promote the efficient flow of exports, according to a royal decree issued ...
HAGL goes bananas with fruit exports
Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) has shipped a total of over 9,000 tonnes of Cambodian bananas destined for the Chinese market since the firm first started exporting in July, a company representative said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/hagl-goes-bananas-fruit-exports
Amru, Thai firm sign cassava agreement
Amru, Cambodia’s leading rice miller and exporter, on Friday signed a deal with Thai Starch Company to supply 8,000 tonnes of fresh organic tapioca and the first exports will be in early 2019. ...
Sok Chan
http://www.khmertimeskh.com/5091169/amru-thai-firm-sign-cassava-agreement/
EBA scheme in jeopardy after CNRP ruling
In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/access-eba-scheme-jeopardy-after-cnrp-ruling
Concerns raised over sanctions
The repercussions of last week’s political moves in Cambodia when the Supreme Court dissolved the main opposition party has left many wondering what the repercussions will be for local businesses. ...
May Kunmakara
http://www.khmertimeskh.com/5091091/concerns-raised-sanctions/
High times for Kampot pepper
The Kampot Pepper Promotion Association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. ...
Chea Vannak
http://www.khmertimeskh.com/5090531/high-times-kampot-pepper/
Bangladesh rice deal shelved
Cambodia has failed to finalise the terms of a massive 250,000-tonne delivery of rice to Bangladesh, with industry insiders claiming that shipments have been cancelled as millers do not currently have the stockpiles to meet export demand while hopes for further negotiations appear to be ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bangladesh-rice-deal-shelved
Walmart deal boosts garment industry
The US multinational Walmart has said it will buy more garment, footwear and luggage products from Cambodia next year due to increased capacity from suppliers and improved labour conditions in the country. ...
Chea Vannak
http://www.khmertimeskh.com/5089512/walmart-deal-boosts-garment-industry/
Garment exports to slow
Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...
Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/garment-exports-slow
India health sector aims to bring in Cambodian patients
Indian companies in the pharmaceutical and health care sector are seeking to enhance their footprint in the Kingdom by extending beyond pharmaceutical trade through state financing that could establish a direct link to bring Cambodian medical tourists to the subcontinent. ...
Hor Kimsay
http://www.phnompenhpost.com/business/india-health-sector-aims-bring-cambodian-patients
Assembly gives thumbs up to anti-dumping measures
The National Assembly yesterday passed a trade remedy law that aims to protect and help local and foreign businesses by introducing anti-dumping measures that prevent the “dishonest” import of goods and produce from neighbouring countries, according to a press release. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/assembly-gives-thumbs-anti-dumping-measures
Rice exports grow on strength of China quota
Cambodian rice exports increased nearly 17 percent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady. ...
Post Staff
http://www.phnompenhpost.com/business/rice-exports-grow-strength-china-quota