Revised trade pact between Japan, Asean

A revised free-trade pact between Japan and the Association of Southeast Asian Nations (Asean) facilitating the cross-border flow of services and investment came into force on Saturday. The deal took effect for Japan and five Asean members – Laos, Myanmar, Singapore, Thailand and Vietnam. The ...

Mark Hughes
https://www.khmertimeskh.com/50751316/revised-trade-pact-between-japan-asean/

Free trade agreement talks with Korea set to kick off on Thursday

Cambodia and South Korea will begin first-round negotiations on a bilateral free trade agreement (FTA) on Thursday, another step toward diversifying the Kingdom’s exports following the recent completion of FTA talks with China. ...

Thou Vireak
https://www.phnompenhpost.com/business/free-trade-agreement-talks-korea-set-kick-thursday

Hygiene standards may hold up food export deals

Cambodia will mostly rely on agricultural products for trade with partners around the globe, a move that requires the sector to be more developed and productivity increased, insiders say. It follows news that the bilateral free-trade agreement (FTA) between the Kingdom and China has just ...

Sorn Sarath
https://www.khmertimeskh.com/50750112/hygiene-standards-may-hold-up-food-export-deals/

Exports rise in value, lower imports

Cambodian total export values amounted to $5.9 billion, a year-on-year increase of 11.7 percent in the first five months of this year. The value of Cambodia’s total imports amounted to $8.1 billion,  a decrease by 1 percent in the same period, compared with 2019, according ...

Sok Chan
https://www.khmertimeskh.com/50749966/exports-rise-in-value-lower-imports/

Free trade deal with China finally finalised

Cambodia has listed around 340 more commodities to export to China under the Cambodia-China bilateral free-trade agreement (FTA), bringing the total to more than 10,000. Most of the products are in agriculture and agro-processing and are in addition to what Cambodia has received from the ...

Sok Chan
https://www.khmertimeskh.com/50749528/free-trade-deal-with-china-finally-finalised/

Frozen food market to reach $120M

The Cambodian frozen food market is projected to reach $119.56 million by 2024 at a compound annual growth rate (CAGR) of 3.9 per cent during 2019-2024, Dublin-based Research and Markets reported. It said the increasing influence of Western food and an increase in tourism are ...

Thou Vireak
https://www.phnompenhpost.com/business/frozen-food-market-reach-120m

Yellow bananas blossoming with Chinese investment

China has given the green light for five new companies to invest in Cambodia’s yellow banana plantations. Industry insiders said they are optimistic that yellow banana exports to that country will double in 2020. The approval of the five companies brings the total number of ...

Thou Vireak
https://www.phnompenhpost.com/business/yellow-bananas-blossoming-chinese-investment

‘Free-trade agreements the future’

Having a free-trade agreement (FTA) with more trade partners would help mitigate the Kingdom’s loss from the European Union’s partial withdrawal of the Everything- but-Arms (EBA) trade status in the future because the country has already completed one with China. ...

Sorn Sarath
https://www.khmertimeskh.com/50748810/free-trade-agreements-the-future/

Cambodia-Thailand trade reaches over $3.4 billion

The two-way trade between Cambodia and Thailand rose by 5.6 percent in the first five months of this year to $3,472 billion, according to the statistics from Thailand’s Ministry of Commerce.​ From January to May 2020, Cambodia exported $711 million worth of goods to Thailand, ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50748231/cambodia-thailand-trade-reaches-over-3-4-billion/

Cambodia-U.S. trade Up 18 percent in first five months

Bilateral trade between Cambodia and the U.S. was recorded at $2,488.3 billion in the first five months of this year, a year-on-year increase of 18 percent. Statistics from the U.S. Census Bureau, from January to May, the Kingdom exported $2,363 million worth of products to ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50748234/cambodia-u-s-trade-up-18-percent-in-first-five-months/

Cambodia-Japan trade increases to $885 million in first five months

Trade between Cambodia and Japan reached $884.9 million from January to May 2020, down 3.8 percent year-on-year. Statistics from Japan External Trade Organisation (JETRO) show that during the first five months of this year. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50748228/cambodia-japan-trade-increases-to-885-million-in-first-five-months/

Sino-Cambodia FTA talks wrap up, signing to follow

Cambodia and China wrapped up free trade agreement (FTA) talks on Monday, the Ministry of Commerce said. The announcement was made during a video conference between Minister of Commerce Pan Sorasak and his Chinese counterpart Zhong Shan. The deal is expected to propel bilateral trade ...

Thou Vireak
https://www.phnompenhpost.com/business/sino-cambodia-fta-talks-wrap-signing-follow

Cambodia’s rubber export up 18 percent in H1

Cambodia exported 123,151 tons of dry rubber in the first half of 2020, up 18 percent compared to the same period last year, said a General Directorate of Rubber report on Monday. ...

Xinhua
https://www.khmertimeskh.com/50746839/cambodias-rubber-export-up-18-percent-in-h1/

Banana exports drop amid pandemic

Cambodia’s exports of yellow bananas experienced a slight decline during the first half of this year compared with the corresponding period last year due to the coronavirus pandemic which is affecting global supply and demand. ...

Cashew nuts key to achieving exports target, says ministry

The Ministry of Agriculture, Forestry and Fisheries (MAFF) has continued to promote the local development of cashew nuts, saying the crop has the potential to help the country achieve its aim for 12 percent growth in agricultural exports by 2025. ...

Sorn Sarath
https://www.khmertimeskh.com/50746300/cashew-nuts-key-to-achieving-exports-target-says-ministry/

Fisheries exports struggling to remain afloat, need gov’t push

Cambodia exported 1,372 tonnes of fisheries products to the international market in the first half of this year, sinking around 80 per cent from 8,710 tonnes in the same period last year, a Ministry of Agriculture, Forestry and Fisheries report said. ...

Thou Vireak
https://www.phnompenhpost.com/business/fisheries-exports-struggling-remain-afloat-need-govt-push

Crisis talks on threat to rice imports

The Commerce Ministry and Cambodia Rice Federation (CRF) had an urgent meeting about the USA Rice Federation to the The United States International Trade Commission (USITC) on the eliminating a trade benefit on rice imported to US including from Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50744806/crisis-talks-on-threat-to-rice-imports/

After FTA with China, S. Korea next in line to negotiate free trade agreement

A free trade agreement negotiation between Cambodia and the Republic of Korea has been scheduled to kick-start shortly. This was said by Pan Sorasak, Minister of Commerce when meeting Park Heung-Kyeong, Ambassador of S. Korea to Cambodia, at the ministry office. ...

Khmer Times Staff
https://www.khmertimeskh.com/50743512/after-fta-with-china-s-korea-next-in-line-to-negotiate-free-trade-agreement/

Garment exports fall, factories hit by virus

Exports in garment sector dropped more than 5 percent to around $3.78 billion in the first half of the year, according to a spokesman of the Ministry of Labour and Vocational Training. ...

Sok Chan
http://khmertimeskh.com/50743103/garment-exports-fall-factories-hit-by-virus/

US lobby group calls for full taxes on all Cambodian rice

Cambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list. However, ...

Sorn Sarath
https://www.khmertimeskh.com/50743069/us-lobby-group-calls-for-full-taxes-on-all-cambodian-rice/

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