Trade
Imports
Ministries’ different interpretations, wood imports get stuck
The Vietnam Agriculture and Forestry Investment and Development Company in Hanoi is one of the two enterprises that signed a contract on importing 20,000 cubic meters of wood from Cambodia. Cambodian authorities approved the export of the volume of wood to Vietnam in 2011-2012. The ...
ITC defends its use of funds, claiming silk weavers profiting
The International Trade Centre (ITC) yesterday rejected criticisms over the misuse of expenses and funds for a sector-wide Cambodian silk project, saying its approach was appropriate and well managed. Mao Thora, secretary of state for the Ministry of Commerce, publicly criticised the ITC during a seminar ...
Royal Group to Import BMWs Into Cambodia
Cambodian conglomerate Royal Group will be the first authorized importer and dealer of BMW automobiles in the country, and has begun construction on a showroom and service center in Phnom Penh. Premium Auto Import Co. Ltd., a subsidiary of Royal Group, aims to import roughly 200 ...
Cambodia's Trade With South Korea Increasing
Trade between Cambodia and South Korea has risen by almost 40 percent in 2012, a South Korean trade official said. Ki Bong-moon manager of the trade and investment unit at the intergovernmental body the Asean-Korea Centre, said in an email on Sunday that trade between ...
Cambodia organizes large-scale trade fair to boost import-export activities
The 7th Cambodia Import-Export Promotion Exhibition kicked off here on Saturday, aiming at promoting local trade and trade between the country and its foreign trading partners. The four-day event, held at the capital’s Diamond Island Exhibition Center, brought together products from 21 countries around the world, ...
http://news.xinhuanet.com/english/business/2012-12/15/c_132042699.htm
Cambodia Boosting Efforts To Attract US Investors
Cambodia is ramping up efforts to attract US investment, especially because it benefits from trade preferences due to its status as a least-developed country, Cambodian Commerce Minister Cham Prasidh says. Cambodian products can be imported duty free to a number of markets, including Europe and ...
http://www.voacambodia.com/content/cambodia-boosting-efforts-to-attract-us-investors/1563626.html
Construction Revival Behind Import Growth
A 22.8 percent increase in the value of imports to Cambodia this year is partly due to a high demand for construction materials, a Commerce Ministry official said yesterday. In the first 11 months of 2012, total trade in and out of Cambodia reached $12.31 billion, ...
Export-Import expo at Koh Pich this week
The Ministry of Commerce will host the 7th Cambodian Export-Import and One Product One Province Exhibition at Diamond Island from December 15-18. ...
http://www.phnompenhpost.com/Business/export-import-expo-at-koh-pich-this-week.html
Cambodia's tax revenue totals $683 million
The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...
http://www.phnompenhpost.com/index.php/2012121160203/Business/tax-revenue-totals-683-million.html
MoU to strengthen co-operation between Cambodia and India
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...
Cambodia-China ties in trade, investment, tourism look better: commerce minister
The ties between Cambodia and China in trade, investment and tourism have steadily grown from year to year thanks to good relations between the two countries, Cambodian Minister of Commerce Cham Prasidh said Tuesday. “China is one of our key trading partners. The two-way trade volume ...
UK to increase trade with Cambodia
British ambassadors and high commissioners from the ASEAN region convened last week in Singapore; among the range of topics discussed was the increase of the UK’s economic involvement in the region. According to Mark Gooding, British Ambassador to Cambodia, UK trade with Cambodia has been increasing ...
Phnom Penh Port Cargo up 17 Percent On Last Year
The amount of cargo entering Cambodia through the Phnom Penh Autonomous Port increased 17 percent over the first 11 months of the year, compared to the same period in 2011, a port official said yesterday. From January through October, the Port received a total of 86,334 ...
Cambodia says LDCs need more time for service industries
Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...
Hun Sen Announces Talks to Begin on Huge Free Trade Zone
A plan to create a free trade area covering roughly half the world’s population by 2015 was initiated yesterday by regional and world leaders meeting in Phnom Penh. During the Asean and related meetings at his office, Prime Minister Hun Sen announced that the group of ...
Asean Leaders See Economic Integration as Important
Asean leaders Tuesday discussed the importance of expanding economic opportunity for the region, vowing to increase efforts for better trade and investment amid members states and with the US. Surin Pitsuwan, secretary-general of Asean, said “more and more” was expected of Asean today. “So it is ...
http://www.voacambodia.com/content/asean-leaders-see-economic-integration-as-important/1549856.html
Key joins Asian free trade talks
Prime Minister John Key has joined a launch of Asian free trade talks – but made it clear he favours a US-backed deal. The East Asian Summit wrapped up in Phnom Penh yesterday with Asian leaders formally announcing a start to negotiations towards a Regional Comprehensive ...
http://www.stuff.co.nz/business/7978019/Key-joins-Asian-free-trade-talks
Grouping urged to work together for 2015 integration
The secretary-general of the Council for the Development of Cambodia (CDC) called on Asean member states to work collectively towards achieving the Asean Economic Community by 2015. Sok Chenda Sophea, who chaired the 2nd Asean Investment Forum (AIF) held in Phnom Penh, said Asean members must ...
http://www.nationmultimedia.com/aec/Grouping-urged-to-work-together-for-2015-integrati-30194612.html
Trade, Investment Focus Of Asean-India Summit
With political and cultural ties between India and Southeast Asia already strong, economic issues were the focus of the 10th Asean-India Summit at the Peace Palace yesterday in Phnom Penh, the India ambassador to Cambodia said. ...
Beijing supports Asian free-trade area
Premier Wen Jiabao said on Monday China supports pushing forward an Asian free-trade area, which will cover 28 percent of world’s total export volume. Previous reports said China is expected to make announcements on Tuesday in Phnom Penh that it will join the talks for the ...
http://www.chinadaily.com.cn/china/2012-11/20/content_15942795.htm
Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft
In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...
Cambodia-U.S. trade reaches 2.2 bln USD in 9 months, up 2 pct
The bilateral C volume between Cambodia and the United States reached 2.2 billion U.S. dollars in the first nine months of this year, a 2 percent rise compared with 2.15 billion U.S. dollars at the same period last year, according to the statistics of the ...
http://news.xinhuanet.com/english/business/2012-11/19/c_131984263.htm
China offers Cambodia $53 mln to develop water resources
Chinese Premier Wen Jiabao pledged RMB 329 million ($53 million) in assistance to Cambodia on Sunday during a meeting with Prime Minister Hun Sen, a Cambodian official said. Ieng Sophalet, an assistant to Hun Sen, told reporters that the grant would be used for water resource ...
ASEAN issues declaration to promote regional community
The 21st ASEAN Summit opened in Phnom Penh yesterday under the theme One Community, One Destiny, with meetings during the three-day event expected to tackle such issues as measures to build the ASEAN Community, regional peace and security, and strengthening co-operation between the bloc’s member ...
