US companies urged to invest in Cambodia

Cambodia last week asked the United States to increase investments in the Kingdom, claiming that working conditions here have improved dramatically in recent years. The appeal was made by Commerce Minister Pan Sorasak in a meeting on Friday with US Ambassador Patrick Murphy. Mr Sorasak ...

Garment, travel goods exports will stay strong, says minister

Minister of Commerce Pan Sorasak on Thursday expressed his optimism that garment, textile, footwear and travel goods exports will continue to enjoy strong growth over the next few years. He cited better working conditions and labour compliance as the main drivers of the Kingdom’s industrial ...

Certificate of origin issuance poised to be decentralised

The Ministry of Commerce has intensified its decentralisation policy and shifted its responsibility for issuing certificates of origin (COs) to provincial commerce departments, it said on Monday. To promote the Kingdom’s agricultural exports, the ministry announced a pilot launch from November 1 in three border ...

Thou Vireak
https://www.phnompenhpost.com/business/certificate-origin-issuance-poised-be-decentralised

Cambodia ready to implement UN agreement on paperless trade: gov’t

The government last week said it is ready to implement a regional agreement on paperless trade signed two years ago. In August 2017, Cambodia signed the Framework Agreement on the Facilitation of Cross-border Paperless Trade in Asia and the Pacific. Speaking during a meeting last week ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50641266/cambodia-ready-to-implement-un-agreement-on-paperless-trade-govt/

Gov’t: Being competitive key to growth

Minister of Commerce Pan Sorasak on Wednesday said the Cambodian government has focused on its competitiveness strategies and the growth of Industry 4.0 in the Kingdom to withstand the trends of global protectionism and geopolitical polarisation. Speaking at a workshop on “Cambodian Trade Integration Strategy ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-being-competitive-key-growth

‘Focusing on fragrant rice will help meet export target to Indonesia’

Cambodia can meet its 100,000 tonne annual export target to Indonesia if more focus is placed on fragrant rice, exporters have said. In 2012, Cambodia signed a memorandum of understanding (MoU) to export 100,000 tonnes of rice to Indonesia annually, but the target was never ...

Hin Pisei
https://www.phnompenhpost.com/business/focusing-fragrant-rice-will-help-meet-export-target-indonesia

Key commerce laws to be passed this year

A raft of new laws to boost the local economy is in the pipeline and will be passed before the end of the year, according to a senior public official. Mao Thora, secretary of state at the Ministry of Commerce, told Khmer Times on Tuesday that the E-commerce ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50622358/key-commerce-laws-to-be-passed-this-year/

SSEZ to be investigated again

The Ministry of Commerce said it has found no sign of duty evasion among Chinese companies operating out of Sihanoukville Special Economic Zone (SSEZ), but said it will conduct one more investigation to satisfy US demands. The US embassy in Phnom Penh recently called on the ...

Chea Vannak
https://www.khmertimeskh.com/50619461/ssez-to-be-investigated-again/

Rice industry insiders optimistic

With more plans for rice storage and silos in Cambodia, industry insiders have expressed their optimism that a lack of facilities will not pose a challenge for the Kingdom’s rice market this year. Cambodian Rice Federation vice-president Norng Veasna said thanks to efforts from the ...

Hin Pisei
https://www.phnompenhpost.com/business/rice-industry-insiders-optimistic

China steel company relocates to Cambodia

Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Baowu production plant, a Reuters report on Wednesday ...

Hor Kimsay
https://www.phnompenhpost.com/business/china-steel-company-relocates-cambodia

Government: UK-Cambodian trade will remain strong

Two-way trade between Cambodia and the UK will remain strong even if the UK leaves the EU as bilateral trade between the two countries surpassed $1 billion last year, said Ministry of Commerce spokesman Seang Thay on Wednesday. According to a Ministry of Commerce press ...

Hor Kimsay
https://www.phnompenhpost.com/business/government-uk-cambodian-trade-will-remain-strong

Increased Chinese rice exports MoU to be signed at 2nd BRF

Prime Minister Hun Sen is set to sign a memorandum of understanding (MoU) on increased rice quotas with China at the 2nd Belt and Road Forum for International Cooperation in Beijing, according to a statement on Wednesday from the Ministry of Commerce. Minister of Commerce ...

Hin Pisei
https://www.phnompenhpost.com/business/increased-chinese-rice-exports-mou-be-signed-2nd-brf

Kingdom’s petrol prices up 20%

Cambodia’s retail petrol price has increased more than 20 per cent during the first four months of this year due to rising costs on the international market, the monthly oil prices set by the Ministry of Commerce reveal. According to the price lists, which have ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-petrol-prices-20

Ministry to meet with companies over EBA saga

The Ministry of Commerce is planning a meeting with public and private actors to discuss the revocation of the European Union’s Everything-but-arms (EBA) deal and to find ways to diminish its impact on the economy, the ministry said in a press release. The ministry’s statement, ...

May Kunmakara
https://www.khmertimeskh.com/50577785/ministry-to-meet-with-companies-over-eba-saga/

Cambodia unveils new measures to support local firms

Cambodia has unveiled several measures to support local manufacturers and exporters in case the European Union (EU) decides to temporarily strip trade preferences from the country, according to China’s Xinhua News Agency. The Cambodian Ministry of Commerce issued a statement on February 12, saying that it ...

VNA
https://en.vietnamplus.vn/cambodia-unveils-new-measures-to-support-local-firms/146528.vnp

Kingdom imports $16M in Thai ACs

Air conditioner imports from Thailand were valued at about $16 million last year – a fraction of the total $5 billion Thailand earned from its air conditioner exports to international markets, the country’s Department of International Trade Promotion at the Ministry of Commerce said. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdom-imports-16m-thai-acs

Cambodia to end border check

Cambodia’s Prime Minister Hun Sen has unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. ...

http://www.nationmultimedia.com/detail/asean-plus/30362299

Government approves 269 trademarks

The Ministry of Commerce approved 269 business trademarks this year, bringing the total number of such registrations at the ministry to 4,186 – an increase from 3,917 last year, its annual report said. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/government-approves-269-trademarks

Commerce ministry makes $82M

The Ministry of Commerce generated more than $82 million this year in customs and public services, according to the ministry’s annual report. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/commerce-ministry-makes-82m

Positive sign in EU rice tariff saga

The European Union yesterday failed to come to a consensus on taxing Cambodia fragrant and white rice, giving leaders of the local rice sector more time to plan the next step in their fight to stop the EU from imposing tariffs. ...

Sok Chan and Sangeetha Amarthalingam
https://www.khmertimeskh.com/50556403/positive-sign-in-eu-rice-tariff-saga/

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