Trade
Exports
Cambodia’s pepper takes off
Through a canopy of palm leaves, sunlight falls onto 1,000 four-month-old pepper plants, each one climbing about two feet up a wooden pole in the ground. “We will be ready to harvest pepper from here in about 18 to 20 months,” says one of Kep ...
Daniel de Carteret and Chan Muy Hong
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-pepper-takes
Thai rice failure hitting Cambodia
While last year was full of good news for Cambodian rice exports, which hit a record-breaking 378,800 tons, 2014 is getting off to a much slower start. Thai Prime Minister Yingluck Shinawatra’s controversial pledge to pay farmers above market rates for their rice is coming ...
Chan Muy Hong and Daniel de Carteret
http://www.phnompenhpost.com/business/thai-rice-failure-hitting-cambodia
Cambodia’s rice export in January down
Cambodia exported 21,536 tons of milled rice in January of 2014, down 4,190 tons (16%) compared to 25,726 tons exported in the same period of last year, according to a report on agriculture, forestry and fishery. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=Y2JjZWMwNzAwNDd
US turns to Cambodia rice market
Cambodia’s rice exporters are eager to sell more of their goods in the United States and tap into the world’s largest economy. Speaking at the International Export Market Research for Cambodian Rice seminar in Phnom Penh yesterday, Song Saran, CEO of Amru Rice Cambodia, one of ...
Hor Kimsay
http://www.phnompenhpost.com/business/us-turns-cambodia-rice-market
Exporters of rice now subject to origin test
Stringent rules to prove that rice exported from Cambodia is actually from Cambodia will be detailed today, according to a copy of a joint agreement between the Ministry of Commerce and industry associations. The Code of Conduct seeks to reassure the European Union that rice is ...
Daniel de Carteret and Chan Muy Hong
http://www.phnompenhpost.com/business/exporters-rice-now-subject-origin-test
Cambodia’s export to EU skyrockets
Despite the depressed market conditions throughout Europe in 2013 Cambodia’s export to the EU skyrocketed. The country is well under way to take over Taiwan’s leading position in bike export to Europe. Between January and October 2013 Cambodia’s bike export showed a huge increase of no ...
Jack Oortwijn
http://www.bike-eu.com/Sales-Trends/Market-trends/2014/2/Cambodias-Export-to-EU-Skyrockets-1463329W/
Exports to the US see slight rise
Cambodia’s exports to the United States, the country’s biggest market, were valued at about $2.8 billion last year, a three per cent rise from $2.7 billion in 2012, according to fresh statistics from the US Department of Commerce. Ken Ratha, a spokesman for Cambodia’s Ministry of ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-see-slight-rise
Cambodian govt making efforts at minimum wage reform
The Government of Cambodia is making efforts at minimum wage reform, and it has set up a committee to study the minimum wage at garment manufacturing units as a way of continually working to increase it, Labour Minister Ith Sam Heng while unveiling the Ministry’s ...
Fibre2fashion News Desk - India
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=159685
Ministries to Help Farmers Hurt by Sugar Plantations
The government on Monday agreed to a comprehensive solution for rural families who have lost their land to well-connected agricultural plantations exporting sugar to the European Union (E.U.) duty free and will meet again early next month to discuss details. The decision was made at a ...
Hul Reaksmey and Zsombor Peter
http://www.cambodiadaily.com/news/ministries-to-help-farmers-hurt-by-sugar-plantations-51971/
Cambodia, Vietnam trade bound to hit 5 bln USD in 2015: PM
Cambodian Prime Minister Hun Sen on Tuesday was optimistic about the country’s steadily growing trade with Vietnam and foresaw that the bilateral trade volume would definitely reach $5 billion by 2015. The two-way trade volume was valued at $3.5 billion last year, up 25 percent year-on-year. Speaking ...
Global Times News Staff
http://www.globaltimes.cn/content/841879.shtml#.UvslvPmSxqU
Cambodia's trade with Thailand hits 4.5 bln USD last year: minister
Trade between Cambodia and neighboring Thailand reached 4.5 billion U.S. dollars in 2013, up 12 percent from 4 billion U.S. dollars a year earlier, Cambodian Minister of Commerce Sun Chanthol said Thursday. Of the amount, Cambodia’s export to Thailand was equivalent to 351 million U.S. dollars, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/06/c_133095545.htm
Sugar Firm Offers Defense After Call for Probe of EU Trade Links
The director of a CPP senator’s sugar plantation accused of stealing land from hundreds of families said Wednesday that most locals were happy with the new jobs the plantation has generated, a week after a visiting European Union parliamentarian renewed calls for an investigation of ...
Zsombor Peter
http://www.cambodiadaily.com/news/sugar-firm-offers-defense-after-call-for-probe-of-eu-trade-links-51545/
IMF says Cambodia's strong outlook subject to 'considerable' risks
Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2FjYzE4NzRmYzQ
Cambodia’s rice under fire
Amid falling local production in Italy, officials there are calling on the European Union to scrap a preferential trade agreement that gives Cambodia’s rice exports duty-free advantages in the global market. According to a January 31 report from rice industry publication Oryza, members of the Italian ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-rice-under-fire
EU Parliamentarian Finds Abuses Fueled by Trade Scheme
Sugar plantations that benefit from the European Union’s Everything But Arms (EBA) scheme, which allows preferential access to the E.U.’s market, have further impoverished Cambodia’s poor, and an investigation needs to be launched, a member of the European Parliament (MEP) said on Friday. Patrice Tirolien, MEP ...
Denise Hruby
http://www.cambodiadaily.com/news/eu-parliamentarian-finds-abuses-fueled-by-trade-scheme-51188/
India urges more trade action
The Indian ambassador to Cambodia is calling on the government to reduce exorbitant shipping costs and take better advantage of a tariff scheme that India offers, two obstacles that the diplomat says are discouraging bilateral trade. Ambassador Dinesh Patnaik said on Tuesday that Indian businesses exporting ...
Eddie Morton
http://www.phnompenhpost.com/business/india-urges-more-trade-action
Cambodian garment export earns 5.53 bln USD in 2013
Garment industry, Cambodia’s largest foreign currency earner, reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. The Southeast Asian nation exported apparel products in equivalent to 5.53 billion U.S. dollars last year, up 20 percent ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/27/c_133078498.htm
Cambodia's rubber export up 34 pct in 2013
Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/23/c_133068429.htm
Exports consistent for Cambodia’s ag sector
Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...
May Kunmakara
http://www.phnompenhpost.com/business/exports-consistent-cambodia%E2%80%99s-ag-sector
Cambodia produces 9.3 mln tonnes of paddy rice last year
Cambodia had produced 9.3 million tons of paddy rice in 2013, which was comparable to the amount in 2012, according to the report of the Ministry of Agriculture on Thursday. Hean Vanhorn, director of the single window secretariat for facilitating milled rice exports, called on ...
Global Times News Staff
http://www.globaltimes.cn/content/838958.shtml#.UuHaSMr-LIU
Cambodia's rice export to reach 1 mln tons in 2015: commerce minister
Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/21/c_133062965.htm
Food Vendors Feel the Bite of Soaring Inflation
Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...
Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/
Cambodia's trade with foreign countries reaches nearly 16 bln USD last year
Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/15/c_133046741.htm
Korean deal gives palm sugar farmers pay day
Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...
Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day