Trade policy and regulation
PM Hun Sen says RCEP best example of open, inclusive, rules-based trading system
The Regional Comprehensive Economic Partnership (RCEP) free trade pact is the best example of an open, inclusive and rules-based trading system, Cambodian Prime Minister Hun Sen said on Friday. ...
Khmer Times Staff
P Sihanouk, Oz infrastructure programme talk smart-city development
A Preah Sihanouk provincial deputy governor on April 28 met with a policy adviser at Australia’s flagship infrastructure programme in Cambodia for talks on plans to transform the province into a model multi-purpose special economic zone (SEZ) by 2030, and other smart-city development initiatives. ...
King signs South Korea FTA ratification into law
The bill sailed through the National Assembly on December 29, the 9th Committee of the Senate on December 30, and the Senate on January 6. All votes were unanimous. The document was enacted into law by a Royal Code signed by the King on January ...
Ministry seeks feedback on UK trade rules
The Ministry of Commerce seeks to engage the involvement of all exporters in the consultation process of drafting a mechanism that will serve as a benchmark for Cambodian commercial exports to the UK. ...
Assembly approves RCEP trade agreement
The National Assembly yesterday approved the Regional Comprehensive Economic Partnership (RCEP), prepping the stage for the agreement to come into effect by early next year. ...
Customs duty cuts set for Jan 1
The government has decided to slash customs tariff rates and special tariffs on some imported goods and raw materials in a bid to lift investor sentiment out of the Covid-19 doldrums. Prime Minister Hun Sen on December signed a sub-decree to this end, which will go ...
UK to make trade preference available to least developed countries
Garment Manufacturers Association in Cambodia (GMAC) yesterday announced that developing countries which are eligible, like Cambodia, will be able to get trade preference through the United Kingdom’s Generalised Scheme of Preferences (GSP) from January 1. ...
Gov’t restricts imports of wine, cigarettes
The Ministry of Economy and Finance’s General Department of Customs and Excise is planning to temporarily restrict wine and cigarette imports at some border checkpoints to prevent tax evasion and improve tax collection. ...
US lobby group calls for full taxes on all Cambodian rice
Cambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list. However, ...
Government massively cuts imports of live pigs
The government has reduced the import of live pigs from neighbouring countries by up to 70 percent to support local farmers to increase their production, according to a senior official of the General Directorate of Animal Health and Production. ...
Kingdom-China FTA expected by November
The Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries. ...
Experts from Asean gather to discuss upcoming Competition Law
The Competition Law, a piece of legislation deemed crucial in the digital economy, will be completed early next year, Commerce Minister Pan Sorasak said yesterday. ...
EU never envisaged putting trade sanctions on Kingdom: Mogherini
In an interview with the Nikkei Asian Review on July 31, Mogherini – who is also the Vice-President of the European Commission – was asked whether the EU’s possible sanctions would lead to reforms in Cambodia, to which she said the Kingdom “needed to respect ...
EBA withdrawal threatens Kingdom’s bicycle industry
Cambodian bicycle exports to the EU amounted to 1.52 million individual units last year valued at $331 million, according to a World Bank report released on Monday. The report – called Cambodia Economic Update – revealed that bicycles are Cambodia’s third main export to the ...
EU warned as delegation lands
Civil society groups and associations released a public statement on Tuesday expressing concern over the EU starting the process to withdraw Cambodia’s access to its preferential “Everything But Arms” (EBA) agreement, as a delegation from the bloc landed in Phnom Penh the same day. ...
EU team to arrive for EBA talks
An Eu delegation is set to arrive in Phnom Penh next week for a two-day official visit to discuss the process for withdrawing Cambodia’s access to its preferential ‘Everything But Arms’ (EBA) agreement, officials said on Tuesday. Meanwhile, analysts have called on the EU to ...
Rice exports down 5%
Rice exports last month were five per cent lower than in January last year, after a full year of decline in 2018. However, a sector insider said it is not a major concern because it is only the beginning of 2019. A report from the ...
EU starts EBA withdrawal
The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. ...
Final day for EU to get EBA withdrawal views
Today (Tuesday) marks the final day for the EU Commission for Trade to receive the opinions of the EU bloc’s 28 member-states before deciding whether to suspend the Everything But Arms (EBA) tariff preferences for Cambodia. However a unanimous decision will be required to withdraw ...
Businesses express ‘deepest’ EBA concerns
Private companies have expressed their “deepest concerns” over the potential withdrawal of the Everything But Arms (EBA) preferential scheme. In a joint letter to the European Commission, they said the move will negatively impact the Kingdom. The letter, signed by 40 of the Kingdom’s private ...