Ministry of Commerce

According to a data graphic from the Ministry of Commerce released on Thursday, regular petrol went from 3,550 riel ($0.88) to 2,250 riel ($0.56) per litre, representing a 36.6 percent decrease.​ ...

The government will soon finalise a draft law on antitrust and competition, and submit it to the National Assembly for approval, Ministry of Commerce senior official told The Post on Wednesday. ...

The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday. ...

The COVID-19 pandemic has increased the Consumer Price Index (CPI) , according to a monthly report from the  Ministry of Commerce. ...

Cambodia’s retail gasoline price has strongly declined for the first time because of the fall on the international market, according to the monthly oil prices set by the Ministry of Commerce revealed yesterday. ...

Bilateral trade between Cambodia and Indonesia jumped 46 per cent to a record high of more than $792 million last year, from $543 million in 2018, the Ministry of Commerce said. ...

The Ministry of Commerce has formed a working group to draft a strategic policy on cashew nut development in Cambodia. ...

The Ministry of Foreign Affairs and International Cooperation has reacted to the European Commission’s (EC) decision to partially suspend the Everything But Arms (EBA) scheme, saying it did not reflect the reality in Cambodia. An analyst also said the suspension would not make the Cambodian ...

Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned on Thursday. However, the ministry said fuel prices in the Kingdom will stick to those announced every 15 days, which are ...

A reduction in red tape saw Ministry of Commerce revenue decline 50 per cent last year compared to 2018, its annual report revealed. However, it said the bureaucratic reforms would boost the Kingdom’s competitiveness. The report showed that the government had eliminated some export procedures ...

Registrations for trademarks rose slightly in the first 11 months of last year compared to the same period in 2018, the Ministry of Commerce’s Results Review and Implementation Plan for 2020 report stated. The report showed that trademark registrations rose by 2.13 per cent to ...

Crediting sound macro-economic performance, the Ministry of Commerce reported a more than 24 per cent increase in the number of firms registering with it in the first 11 months of this year on the same period last year. According to the ministry, business registration increased ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...