Trade

Trade policy and regulation

RCEP helps international market access to Cambodia

The Regional Comprehensive Economic Partnership (RCEP) has given a big impetus to Cambodia’s exports, contributing to the economic development, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501395909/rcep-helps-international-market-access-to-cambodia/

Vietnam, Cambodia considering using local currency for trade

Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. ...

Khmer Times Staff
https://www.khmertimeskh.com/501378237/vietnam-cambodia-considering-using-local-currency-for-trade/

PM Hun Sen says RCEP best example of open, inclusive, rules-based trading system

The Regional Comprehensive Economic Partnership (RCEP) free trade pact is the best example of an open, inclusive and rules-based trading system, Cambodian Prime Minister Hun Sen said on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501083969/pm-hun-sen-says-rcep-best-example-of-open-inclusive-rules-based-trading-system/

P Sihanouk, Oz infrastructure programme talk smart-city development

A Preah Sihanouk provincial deputy governor on April 28 met with a policy adviser at Australia’s flagship infrastructure programme in Cambodia for talks on plans to transform the province into a model multi-purpose special economic zone (SEZ) by 2030, and other smart-city development initiatives. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/p-sihanouk-oz-infrastructure-programme-talk-smart-city-development

King signs South Korea FTA ratification into law

The bill sailed through the National Assembly on December 29, the 9th Committee of the Senate on December 30, and the Senate on January 6. All votes were unanimous. The document was enacted into law by a Royal Code signed by the King on January ...

Hom Phanet
https://www.phnompenhpost.com/business/king-signs-south-korea-fta-ratification-law

Ministry seeks feedback on UK trade rules

The Ministry of Commerce seeks to engage the involvement of all exporters in the consultation process of drafting a mechanism that will serve as a benchmark for Cambodian commercial exports to the UK. ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-seeks-feedback-uk-trade-rules

Assembly approves RCEP trade agreement

The National Assembly yesterday approved the Regional Comprehensive Economic Partnership (RCEP), prepping the stage for the agreement to come into effect by early next year. ...

https://www.khmertimeskh.com/50878878/assembly-approves-rcep-trade-agreement/

Customs duty cuts set for Jan 1

The government has decided to slash customs tariff rates and special tariffs on some imported goods and raw materials in a bid to lift investor sentiment out of the Covid-19 doldrums. Prime Minister Hun Sen on December signed a sub-decree to this end, which will go ...

Thou Vireak
https://www.phnompenhpost.com/business/customs-duty-cuts-set-jan-1

UK to make trade preference available to least developed countries

Garment Manufacturers Association in Cambodia (GMAC) yesterday announced that developing countries which are eligible, like Cambodia, will be able to get trade preference through the United Kingdom’s Generalised Scheme of Preferences (GSP) from January 1. ...

Sen Davith
https://www.khmertimeskh.com/50784702/uk-to-make-trade-preference-available-to-least-developed-countries/

Gov’t restricts imports of wine, cigarettes

The Ministry of Economy and Finance’s General Department of Customs and Excise is planning to temporarily restrict wine and cigarette imports at some border checkpoints to prevent tax evasion and improve tax collection. ...

Long Kimmarita
https://www.phnompenhpost.com/national/govt-restricts-imports-wine-cigarettes

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/

Government massively cuts imports of live pigs

The government has reduced the import of live pigs from neighbouring countries by up to 70 percent to support local farmers to increase their production, according to a senior official of the General Directorate of Animal Health and Production. ...

Sok Chan
https://www.khmertimeskh.com/50725748/government-massively-cuts-imports-of-live-pigs/

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

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