Commerce Minister signs free trade deal with S. Korea

Cambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony yesterday. ...

Michael Firn
https://www.khmertimeskh.com/50959499/commerce-minister-signs-free-trade-deal-with-s-korea/

Cambodian commerce minister attends virtual ministerial meeting of LDCs

Pan Sorasak, Minister of Commerce of Cambodia, attended the virtual Ministerial Meeting of Least Developed Countries (LDCs) to examine and approve the Statement of LDCs for the 12th WTO Ministerial Conference to be held from Nov. 30 to Dec. 03, 2021 in Geneva, Switzerland. ...

Khmer Times Staff
https://www.khmertimeskh.com/50955949/cambodian-commerce-minister-attends-virtual-ministerial-meeting-of-ldcs/

Multilateralism, a key tool for current global issues

Multilateralism is a very important tool to solve challenges being faced by the world, mainly the least developed countries (LDCs). ...

Khmer Times Staff
https://www.khmertimeskh.com/50948436/multilateralism-a-key-tool-for-current-global-issues/

Garment exports net $5 billion in eight months

The value of exports of garment and accessories from Cambodia rose by 3.3 percent to $5.021 billion in the first eight months of this year, compared with 4.861 billion during the corresponding period last year, according to the statistics from the Ministry of Commerce. ...

Chea Vanyuth
https://www.khmertimeskh.com/50937900/garment-exports-net-5-billion-in-eight-months/

Tax changes are part of efforts to maintain govt revenue, experts say

The government is putting more pressure on Cambodia’s small and medium-sized enterprises (SMEs) to register with the Commerce Ministry and the Tax Department. It wants them to go legitimate in order to protect consumers and make sure it doesn’t miss out on revenue. ...

Michael Firn
https://www.khmertimeskh.com/50936037/tax-changes-are-part-of-efforts-to-maintain-govt-revenue-experts-say/

Eight month exports valued at 11.08 bn

Cambodia’s exports in the first eight months this year saw a decrease, official figures showed. Its exports were worth  $11.086 billion, inching down 5.3 percent compared with the same period last year, according to a study by the Ministry of Commerce. ...

Chea Vanyuth
https://www.khmertimeskh.com/50934036/eight-month-exports-valued-at-11-08-bn/

Bicycle exports jump nearly 25% so far this year

Cambodian bicycle manufacturers earned more than $400 million from exports in the year to Aug 31, according to the Commerce Ministry. Shipments were 24.5 percent higher than the first eight months of 2020. If overseas demand remains strong, 12-month exports are likely to exceed last ...

Michael Firn
https://www.khmertimeskh.com/50931087/bicycle-exports-jump-nearly-25-so-far-this-year/

Cambodia Trade to launch in weeks

Cambodia Trade, an online marketplace for small and medium enterprises (SMEs), is scheduled to operate officially in weeks after 16 firms were approved by the Ministry of Commerce to display their products. ...

Chea Vanyuth
https://www.khmertimeskh.com/50926885/cambodia-trade-to-launch-in-weeks/

Cambodia to host Asia-Europe business forum in November

The Ministry of Commerce will host its first Asia-Europe Business and Economic Forum in November via virtual video conference, said Minister Pan Sorasak. ...

Sar Socheath
https://www.khmertimeskh.com/50927110/cambodia-to-host-asia-europe-business-forum-in-november/

Bicycle exports close to$250 million in first semester

Cambodia exported $247.5 million worth of bicycles to foreign markets in the first half of this year, inching down 4.2 percent compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50899597/bicycle-exports-close-to250-million-in-first-semester/

CPFR seizes 97 tonnes of illegally imported spoiled or altered goods

The Ministry of Commerce’s Consumer Protection and Fraud Repression Department (CPFR) seized and destroyed 97 tonnes of counterfeit, damaged or altered goods, containing banned or expired ingredients in the first six months of 2021. ...

Son Minea
https://www.khmertimeskh.com/50894897/cpfr-seizes-97-tonnes-of-illegally-imported-spoiled-or-altered-goods/

Ministry defends private-vendor move

The Ministry of Commerce on April 27 responded to criticism that allowing private vendors to sell essential goods at designated locations would run contrary to government preventive health measures – which prohibit gatherings – to stem the spread Covid-19. ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-defends-private-vendor-move

Signing of Korea trade deal postponed

The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/signing-korea-trade-deal-postponed

Commerce ministry rolls out mobile markets to Red Zones

The Ministry of Commerce on April 20 dispatched five trucks to seven “Red Zones” to sell food products and groceries at below-market prices during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takmao town in Kandal province, according to undersecretary of state Pen ...

Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-rolls-out-mobile-markets-red-zones

Lockdown opens a window for e-commerce

With authorities tightening security to prevent community transmission in Phnom Penh and Kandal province’s Takhmao town, e-commerce activity, cashless payments and delivery services have logged a notable rise, swiftly becoming new features of the digital world in Cambodia. ...

May Kunmakara
https://www.phnompenhpost.com/business/lockdown-opens-window-e-commerce

Cambodia registers about 8,000 trademarks in 2020

Local and international companies registered 7,997 trademarks with the Ministry of Commerce 2020, up 30 percent over the previous year, the ministry reported. The ministry said it mediated 23 cases of infringement and dissolved 37 trademarks during the year. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-registers-about-8000-trademarks-2020

Commerce ministry posts 50.8% dip in revenue

The Ministry of Commerce posted $12.7 million in revenue for 2020, down by 50.83 per cent over $26.60 million in 2019, driven down by reductions in business registration fees and an increasing number of merchants self-certifying their products’ origins. ...

Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-posts-508-dip-revenue

Electronic, electrical exports hit $755.34M

Cambodia exported $755.34 million worth of electrical equipment and electronic components to international markets in 2020, up 31.49 per cent compared to $574.44 million in 2019, according to the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/electronic-electrical-exports-hit-75534m

Tesla ‘yet to request’ business licence

South African-born US entrepreneur Elon Musk’s Tesla Inc has not yet requested a business licence with the Ministry of Commerce as of April 6, ministry spokesman Pen Sovicheat told The Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/tesla-yet-request-business-licence

New business registrations down 41%

Last year saw 7,860 new businesses register with the Ministry of Commerce, down 40.72 percent from 13,259 in 2019. At the same time, the ministry dissolved 500 businesses last year, marking a 187 percent increase from 174 in 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-business-registrations-down-41

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