Ministry studies how best to boost exports under China deal

At its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Jason Boken
https://www.khmertimeskh.com/50804912/ministry-studies-how-best-to-boost-exports-under-china-deal/

Kingdom’s bicycle exports top $500M

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-bicycle-exports-top-500m

Ministry of Commerce signs two development MoUs

The Ministry of Commerce (MoC) signed two memorandums of understanding (MoUs) – with the Cambodian BRB retail and product promotion consulting company and another with the Cambodian Coca-Cola Co. ...

Jason Boken
https://www.khmertimeskh.com/50803679/ministry-of-commerce-signs-two-development-mous/

Ministry, Japan agri-firm ink MoU

The Ministry of Commerce on January 6 signed a memorandum of understanding (MoU) with Japan’s Yamato Green Co Ltd to develop value chains for agribusiness products. Having registered with the Ministry of Commerce on April 22, Yamato Green has had relative success in growing safe ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-japan-agri-firm-ink-mou

$500K investment for SMEs to improve e-commerce

A $500,000 investment will go towards 125 small and medium sized businesses set to gain grants and training in online commerce according to a joint press release by the Ministry of Commerce of the Kingdom of Cambodia, the Enhanced Integrated Framework (EIF) and the UN ...

Khmer Times Staff
https://www.khmertimeskh.com/50798664/500k-investment-for-smes-to-improve-e-commerce/

Cambodia reviews trading policy and strategy

The Ministry of Commerce has begun the review of the policy and strategy for Free Trade Agreement (FTA) to optimise its benefits both for Cambodia and concerned parties. ...

So Sophavy/AKP
https://www.khmertimeskh.com/50798268/cambodia-reviews-trading-policy-and-strategy/

Ministry works on plan to win in trade

Ministry of Commerce officials are combing over a list of nine products, commodities, services and incentives to develop a trade strategy that maximises the benefits of the newly-inked free trade agreement (FTA) with China. ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-works-plan-win-trade

Digital services tax levy under study

The Ministry of Economy and Finance, Ministry of Commerce and Ministry of Post and Telecommunications held a joint meeting last week to discuss the potential collection of a digital services tax. ...

Jason Boken
https://www.khmertimeskh.com/50797802/digital-services-tax-levy-under-study-2/

Cambodia Australia consumer care plan

The Cambodia-Australia Consumer Protection Partnership will launch in 2021 with Australia having agreed to station a consumer protection technical official in the Kingdom following a request by the Ministry of Commerce. This will allow the sharing of expertise and experience towards the enhancement of work ...

Harrison White
https://www.khmertimeskh.com/50797232/cambodia-australia-consumer-care-plan/

Banteay Meanchey trade fair postponed

The Ministry of Commerce on December 18 said it will indefinitely postpone another trade fair under the umbrella of the fifth season of its “Buy Cambodian Campaign” as a measure to prevent the spread of the Covid-19 disease. ...

Thou Vireak
https://www.phnompenhpost.com/business/banteay-meanchey-trade-fair-postponed

Bicycle boom sees Cambodia overtake rivals in exports to EU

According to the Ministry of Commerce, more than 1.5 million bicycles were exported as of the end of the third quarter this year, bringing in some $400 million in revenue. ...

Tom Starkey
https://www.khmertimeskh.com/50793025/bicycle-boom-sees-cambodia-overtake-rivals-in-exports-to-eu/

UK grants GSP status to Cambodia effective 2021

Cambodia’s exports see new light with the granted duty-free and quota-free access to the markets in the United Kingdom, commencing 2021. Sok Sopheak, Secretary of State at the Ministry of Commerce shared that Cambodia will discuss with the UK counterpart on the import and export ...

Lim Nary/AKP
https://www.khmertimeskh.com/50791084/uk-grants-gsp-status-to-cambodia-effective-2021/

Cambodia’s Kampot pepper granted GI certification from 50 Countries

The Ministry of Commerce has secured geographical indication (GI) certification of Cambodia’s Kampot pepper from 50 countries. The update was provided by the Minister of Commerce Pan Sorasak when presiding over official Handover Ceremony of Czech Machine and Buying “Kampot Pepper” from Small Farmers by ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50788387/cambodias-kampot-pepper-granted-gi-certification-from-50-countries/

Increase in Russian investment sought by commerce ministry

Cambodia has called for an increase in investment from Russia, particularly in the light and medium machinery sector, according to a senior official at the Ministry of Commerce. ...

Sok Chan
https://www.khmertimeskh.com/50788919/increase-in-russian-investment-sought-by-commerce-ministry/

MoC conducts workshop on Law on Consumer Protection

The Ministry of Commerce’s Directorate General of Consumer Protection, Competition and Fraud (CCF) has conducted a “National Dissemination and Planning Workshop on the Law on Consumer Protection” for relevant stakeholders and representatives of local and international organizations.​ ...

Sok Chan
https://www.khmertimeskh.com/50786648/moc-conducts-workshop-on-law-on-consumer-protection/

E-Commerce Strategy launched

Cambodia officially launched the E-Commerce Strategy on November 25 in a bid to achieve and drive forward competitive growth in trade and economic terms and aid in its pursuit of becoming an upper middle-income country by 2030 and a high-income country by 2050. ...

Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-strategy-launched

Trade fair scrapped over Covid-19 fears

The Ministry of Commerce on November 19 cancelled the 15th edition of the Cambodia Import-Export Goods Exhibition due to Covid-19 concerns. Originally scheduled to be held from December 15-18 at the Koh Pich Convention and Exhibition Centre on Phnom Penh’s Koh Pich island, the Kingdom’s ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-fair-scrapped-over-covid-19-fears

Long-awaited RCEP signing ‘bodes well for economic upturn’

The long-awaited Asia-Pacific Regional Comprehensive Economic Partnership (RCEP) agreement was officially signed yesterday.  The signing brings renewed hopes for comprehensive change in the flow of regional trade and investment and the promotion of intra-bloc supply chains capable of bolstering trust among members of the region’s ...

Sok Chan
https://www.khmertimeskh.com/50783043/long-awaited-rcep-signing-bodes-well-for-economic-upturn/

Directive on work conditions issued

The Ministry of Commerce together with the Ministry of Labour and Vocational Training has issued a joint directive on the implementation of the Better Factory Cambodia (BFC) project in export-oriented factories in the textile, garment and travel goods and bags sector. ...

Sok Chan
https://www.khmertimeskh.com/50782279/directive-on-work-conditions-issued/

Vietnam border markets on the cards for 2021

Prime Minister Hun Sen has ordered the Ministry of Commerce to work with Svay Rieng and Kampot officials to build two additional border markets in a bid to shore up border trade and enhance cooperation with Cambodia’s neighbour Vietnam. ...

Hin Pisei
https://www.phnompenhpost.com/business/vietnam-border-markets-cards-2021

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