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Car import values falls by more than 36% in 2020

The global Covid-19 pandemic caused the value of imported cars to Cambodia in 2020 to drop to nearly $1.1 billion, a decrease of more than 36 per cent compared to 2019, according to a report issued by the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/car-import-values-falls-more-36-2020

First quarter food exports suffering

New figures paint a poor picture of exports for Cambodia, highlighting the debilitating effects of COVID-19 on trade. One reason is a massive increase of up to five times in the cost of shipping combined with a shortage of available containers. ...

Mark Hughes
https://www.khmertimeskh.com/50835793/first-quarter-food-exports-suffering/

Dry season rice crops have bumper Q1, exports decrease by 33 per cent

Yields for this year’s dry-season crops, especially rice, increased significantly in the first quarter of 2021, though exports decreased compared to the same period last year, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Long Kimmarita
https://www.phnompenhpost.com/national/dry-season-rice-crops-have-bumper-q1-exports-decrease-33-cent

More trade centres planned for China

The Ministry of Commerce is working to establish more trade centres in China with the aim of promoting Cambodian products and boosting Khmer exports to China. ...

Chea Vanyuth
https://www.khmertimeskh.com/50835069/more-trade-centers-planned-for-china/

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

GI tag to create buzz around honey

A long-awaited Geographical Indication (GI) certificate handover ceremony for “Mondulkiri wild honey” scheduled for April 6 was postponed in light of the February 20 community transmission. ...

Hin Pisei
https://www.phnompenhpost.com/business/gi-tag-create-buzz-around-honey

Bird’s nest exports to China still far off

The Kingdom’s remains bogged down in efforts to officially export edible bird’s nest to China, according to a senior official at the Ministry of Agriculture, Forestry and Fisheries on April 1. ...

Hin Pisei
https://www.phnompenhpost.com/business/birds-nest-exports-china-still-far

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/

Duty-free access to Vietnam for 31 tariff lines

Thirty-one Cambodian tariff lines – mostly agricultural products – now carry the zero rate to neighbouring Vietnam for 2021-2022, the Ministry of Commerce announced on March 25. ...

Thou Vireak
https://www.phnompenhpost.com/business/duty-free-access-vietnam-31-tariff-lines

Covid fails to sour palm sugar’s sweet market

Minimal disruption to production chains and booming demand is sweet news for suppliers of geographical-indication- (GI) certified palm sugar. According to Saroeun, members can produce 250 tonnes of the commodity per season in December-May. He said KSPSPA’s 10 member companies exported a total of 70 ...

Thou Vireak
https://www.phnompenhpost.com/business/covid-fails-sour-palm-sugars-sweet-market

Cambodian rice price up on international market

The price of Cambodian milled rice on the international market has seen a slight uptick in the first quarter of this year from end-2020. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodian-rice-price-international-market

Three Battambang border gates open

Cambodia and Thailand agreed to reopen three regional border checkpoints in Battambang province on March 23 to facilitate trade. ...

Thou Vireak
https://www.phnompenhpost.com/business/three-battambang-border-gates-open

Vietnam renews duty-free tobacco quota for 2021

Vietnam extended its 3,000-tonne duty-free quota for Cambodian dried tobacco leaves for 2021 to meet market demand, Ministry of Commerce spokesman Seang Thay confirmed to The Post on March 23. ...

Thou Vireak
https://www.phnompenhpost.com/business/vietnam-renews-duty-free-tobacco-quota-2021

Tobacco exports trail off in 2020

Cambodia exported more than 5.8 thousand tonnes of dried tobacco leaves worth more than $17 million to nine countries last year, marking a 14 per cent and 28 per cent decline in volume and value, respectively, over 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/tobacco-exports-trail-2020

Exports to South Korea increase for two consecutive months

Data from the Korean International Trade Association showed that during January and February Cambodia exported about $64 million of products to the east Asian country, an increase of over 2.9 percent compared with the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50826608/exports-to-south-korea-increase-for-two-consecutive-months/

Cambodia’s exports to Vietnam increase

Cambodia’s exports to Vietnam rose in 2020 despite both nations imposing strict cross-border movement control to fight the pandemic. Data from the Ministry of Commerce showed Cambodia’s exports to Vietnam rising by 14.8 percent in 2020 to $385 million. ...

Chea Vanyuth
https://www.khmertimeskh.com/50825872/cambodias-exports-to-vietnam-increase/

China demand stretches rubber prices

The prices of Cambodian natural rubber latex on international markets have risen by more than 10 per cent year-on-year in the first quarter, driven by rising demand from China, according to a senior official of the Ministry of Agriculture, Forestry and Fisheries. ...

Hin Pisei
https://www.phnompenhpost.com/business/china-demand-stretches-rubber-prices

Video talks set stage for crucial EAEU FTA meet

The Kingdom’s technical team and its Eurasian Economic Commission (EEC) counterpart recently assembled to share thoughts and opinions as both parties prepare for the third round of preliminary working-level talks toward formally launching free trade agreement (FTA) negotiations and expand trade markets and investments. ...

May Kunmakara
https://www.phnompenhpost.com/business/video-talks-set-stage-crucial-eaeu-fta-meet

CLV PMs talk trade, investment

Cambodia, Laos and Vietnam (CLV) on March 10 reaffirmed their commitment to boost border trade and investment with a specific focus on the construction of border markets and to improve customs clearance procedures. ...

Thou Vireak
https://www.phnompenhpost.com/business/clv-pms-talk-trade-investment

China customs size up mangoes

A team from China’s General Administration of Customs (GACC) on March 10 conducted a virtual inspection of three Cambodian mango farms and four treatment facilities to ensure that they are fit for export, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

Thou Vireak
https://www.phnompenhpost.com/business/china-customs-size-mangoes

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