Trade

Trade policy and regulation

Experts from Asean gather to discuss upcoming Competition Law

The Competition Law, a piece of legislation deemed crucial in the digital economy, will be completed early next year, Commerce Minister Pan Sorasak said yesterday. ...

Sok Chan
https://www.khmertimeskh.com/50659995/experts-from-asean-gather-to-discuss-upcoming-competition-law/

EU never envisaged putting trade sanctions on Kingdom: Mogherini

In an interview with the Nikkei Asian Review on July 31, Mogherini – who is also the Vice-President of the European Commission – was asked whether the EU’s possible sanctions would lead to reforms in Cambodia, to which she said the Kingdom “needed to respect ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-never-envisaged-putting-trade-sanctions-kingdom-mogherini

EBA withdrawal threatens Kingdom’s bicycle industry

Cambodian bicycle exports to the EU amounted to 1.52 million individual units last year valued at $331 million, according to a World Bank report released on Monday. The report – called Cambodia Economic Update – revealed that bicycles are Cambodia’s third main export to the ...

Hor Kimsay
https://www.phnompenhpost.com/business/eba-withdrawal-threatens-kingdoms-bicycle-industry

EU warned as delegation lands

Civil society groups and associations released a public statement on Tuesday expressing concern over the EU starting the process to withdraw Cambodia’s access to its preferential “Everything But Arms” (EBA) agreement, as a delegation from the bloc landed in Phnom Penh the same day. ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-warned-delegation-lands

EU team to arrive for EBA talks

An Eu delegation is set to arrive in Phnom Penh next week for a two-day official visit to discuss the process for withdrawing Cambodia’s access to its preferential ‘Everything But Arms’ (EBA) agreement, officials said on Tuesday. Meanwhile, analysts have called on the EU to ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-team-arrive-eba-talks

Rice exports down 5%

Rice exports last month were five per cent lower than in January last year, after a full year of decline in 2018. However, a sector insider said it is not a major concern because it is only the beginning of 2019. A report from the ...

Hin Pisei
https://www.phnompenhpost.com/business/rice-exports-down-5

EU starts EBA withdrawal

The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. ...

Joseph Curtin
https://www.phnompenhpost.com/national/eu-starts-eba-withdrawal-0

Final day for EU to get EBA withdrawal views

Today (Tuesday) marks the final day for the EU Commission for Trade to receive the opinions of the EU bloc’s 28 member-states before deciding whether to suspend the Everything But Arms (EBA) tariff preferences for Cambodia. However a unanimous decision will be required to withdraw ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/final-day-eu-get-eba-withdrawal-views

Businesses express ‘deepest’ EBA concerns

Private companies have expressed their “deepest concerns” over the potential withdrawal of the Everything But Arms (EBA) preferential scheme. In a joint letter to the European Commission, they said the move will negatively impact the Kingdom. The letter, signed by 40 of the Kingdom’s private ...

Hin Pisei
https://www.phnompenhpost.com/business/businesses-express-deepest-eba-concerns

Tariff-free through EU loophole?

Cambodians may be able to market rice in the EU tariff-free if they sell the semi-processed grain to European millers instead of finished products to end consumers, as the former is still subject to a zero tax rate, said an exporter. ...

Hor Kimsay
https://www.phnompenhpost.com/business/tariff-free-through-eu-loophole

Kingdom imports $16M in Thai ACs

Air conditioner imports from Thailand were valued at about $16 million last year – a fraction of the total $5 billion Thailand earned from its air conditioner exports to international markets, the country’s Department of International Trade Promotion at the Ministry of Commerce said. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdom-imports-16m-thai-acs

Cambodian rice to lose EU duty-free status

The Cambodian rice sector is set to lose its duty-free export status to the EU today – its major rice market – after the European bloc decided to impose tariffs on rice from Cambodia and Myanmar to curb a surge in such imports. ...

Hor Kimsay
https://www.phnompenhpost.com/business/cambodian-rice-lose-eu-duty-free-status

Camcontrol may leave border

Prime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. At a dinner with 5,000 Cambodian journalists on Friday, ...

Hor Kimsay
https://www.phnompenhpost.com/business/camcontrol-may-leave-border

US senators call for GSP trade privilege cut

Two US senators on Wednesday introduced the Cambodian Trade Act of 2019 bill, requiring the administration to re-examine Cambodia’s eligibility to access the preferential trade treatment granted by the US under the General System of Preferences (GSP). ...

Hor Kimsay
https://www.phnompenhpost.com/business/us-senators-call-gsp-trade-privilege-cut

Border trade Cambodian-Thai trade increases

Bilateral trade between Cambodia and Thailand reached $3.16 billion in the first nine months – an increase of 14.08 per cent year-on-year. Imports to Cambodia were worth $2.65 billion, representing a 19.26 per cent increase in contrast with exports to Thailand that was valued at ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/cambodian-thai-border-trade-increases

Moody’s warns of ‘credit negative’ if EBA is lost

Moody’s Investors Services has warned that Cambodia’s potential loss of its Everything But Arms (EBA) preferential trade access to the EU would weaken its economic growth and lead to a credit negative, a report released on Saturday says. It notes that while Cambodia maintained its ...

Sorn Sarath and Cheng Sokhorng
https://www.phnompenhpost.com/business/moodys-warns-credit-negative-if-eba-lost

Unruffled by EBA withdrawal, PM seeks ‘low interest’ loans

After meeting with the European Commission, Prime Minister Hun Sen said he had expected that Cambodia would one day lose its access to the bloc’s “Everything But Arms” (EBA) preferential trade agreement and had “already requested low interest” loans from China, Japan, South Korea and ...

Niem Chheng
https://www.phnompenhpost.com/national/unruffled-eba-withdrawal-pm-seeks-low-interest-loans

‘Kingdom ready if EBA withdrawn’: Ministry

A senior Labour Ministry official said a withdrawal of the preferential Everything But Arms (EBA) trade agreement with the EU would not hurt the Kingdom’s economy. Ministry spokesman Heng Suor said the government had prepared plans in the event of an EBA withdrawal. However, he ...

Kong Meta
https://www.phnompenhpost.com/national/kingdom-ready-if-eba-withdrawn-ministry

Deal signed with China over banana exports

The Kingdom on Thursday signed a joint phytosanitary protocol for banana exports to China, with officials saying this was the first move in promoting the product on the world stage. The agreement was signed by the Chinese ambassador to Cambodia Xiong Bo and Agriculture Minster ...

Hin Pisei
https://www.phnompenhpost.com/business/deal-signed-china-over-banana-exports

Kingdom's trade deal with EU questioned before poll

A European Union (EU) mission met with senior government officials at the Ministry of Interior on Tuesday as the 28-member bloc monitors an agreement under which Cambodian goods reach the crucial European market tariff-free. ...

Niem Chheng
https://www.phnompenhpost.com/national/kingdoms-trade-deal-eu-questioned-poll

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