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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

MoC responds to UN study citing negative RCEP impact on revenue

An official from the Ministry of Commerce said the Regional Comprehensive Economic Partnership Agreement (RCEP) will definitely open up opportunities for Cambodia. He was speaking in response to a report released by the United Nations Conference on Trade and Development (UNCTAD) citing potential serious negative ...

Sok Chan
https://www.khmertimeskh.com/50832267/moc-responds-to-un-study-citing-negative-rcep-impact-on-revenue/

Brazilian pork given access to Cambodian market amid ASF outbreak

Cambodia has opened its market to pork produced in Brazil, according to an announcement from Brazil’s Ministry of Agriculture, Livestock and Supply. ...

Husain Haider
https://www.khmertimeskh.com/50822756/brazilian-pork-given-access-to-cambodian-market-amid-asf-outbreak/

Trade deficit with VN shrinks 6%

Trade between the Kingdom and Vietnam was worth $3.020 billion in 2020, inching down 1.1 per cent from $3.054 the previous year, according to Ministry of Commerce statistics. ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-deficit-vn-shrinks-6

Ministries: Join BFC or lose export privileges

Two ministries on February 22 ordered factory owners and directors in the textile, garment, bag and travel-goods export sectors to register with Better Factories Cambodia (BFC) and obtain certification on working conditions. ...

Thou Vireak
https://www.phnompenhpost.com/business/ministries-join-bfc-or-lose-export-privileges

Trade with EAEU surges 18%

Bilateral trade between Cambodia and the Eurasian Economic Union (EAEU) was worth $67.37 million last year, marking an increase of 18.22 per cent compared to 2019’s $56.98 million, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-eaeu-surges-18

Kampot pepper strategy in pipeline

The Ministry of Commerce will collaborate with the Kampot Pepper Promotion Association (KPPA) to develop new strategic plans that build confidence in Kampot pepper and explore additional markets for the crop, one of Cambodia’s Geographical Indication (GI) products. ...

Hin Pisei
https://www.phnompenhpost.com/business/kampot-pepper-strategy-pipeline

Food Safety Law to be enacted in 2021: Commerce official

The Food Safety Law is making headway and expected to be enacted later this year, with industry insiders confident the legislation will lure more international investors, spark growth in the reeling tourism sector and chip in to national economic growth. ...

Hin Pisei
https://www.phnompenhpost.com/business/food-safety-law-be-enacted-2021-commerce-official

Kingdom’s free trade pact talks with South Korea concluded

Cambodia and South Korea have concluded their free trade agreement (FTA) negotiations and are now closer to the signing of a final pact later this year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50810013/kingdoms-free-trade-pact-talks-with-south-korea-concluded/

Regional produce given trademarks of local geography

The Ministry of Commerce is pressing on to register some of the Kingdom’s more renown products as collective trademarks and grant them domestic geographical indication (GI) to provide them with added exposure on the international market. ...

Thou Vireak
https://www.phnompenhpost.com/business/regional-produce-given-trademarks-local-geography

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

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