Trade

Trade policy and regulation

Taxi Drivers Block Checkpoint In Poipet to Protest New Tax

Taxi drivers staged a large protest Wednesday at a customs checkpoint in Poipet City over customs officials’ demands for what the protesters said was an exorbitant tax on a small load of goods. At the checkpoint Wednesday, more than 50 taxi drivers blocked the road for ...

Hul Reaksmey
http://www.cambodiadaily.com/news/taxi-drivers-block-checkpoint-in-poipet-to-protest-new-tax-49159/

Large number of Chinese firms to join Cambodian expo

Eighty-four Chinese companies would have their products displayed for the first time in Cambodia’s annual Imports and Exports Exhibition to be held in Phnom Penh on Dec. 15-18, officials said Tuesday. Ouprum Vorak, deputy chief of the Trade Promotions Department at Cambodian Ministry of Commerce, said ...

The Global Times News Staff
http://www.globaltimes.cn/content/831400.shtml#.UqfDKNIW2ls

Cargo shipments at Cambodia's two largest ports see remarkable rise in 11 months

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, on Tuesday reported a 12 percent rise in cargo shipments in the first eleven months of 2013. The state-owned sea port had received 2.73 million tonnes of goods during the January-November period this year, up from 2.43 million ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131210/cargo-shipments-at-cambodias-two-largest-ports-see-remarkabl

Cambodia-U.S. bilateral trade up 2 pct

Trade between Cambodia and the United States was valued at 2.55 billion U.S. dollars in the first ten months of 2013, up 2 percent from 2.49 billion U.S. dollars over the same period last year, the figures of the U.S. Department of Commerce showed Friday. Cambodia’s ...

The Global Post
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131206/cambodia-us-bilateral-trade-2-pct

Regulator to Review Minimum Prices for Calls

An official at the Telecommunication Regulator of Cambodia (TRC) said Wednesday that the body plans to review and possibly lower the current minimum price per call after it recently ordered the country’s seven mobile phone operators to abide by a law that sets minimum call ...

Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/regulator-to-review-minimum-prices-for-calls-48616/

Website of Company Running Ship Registry Closed Down

The website of the International Ship Registry of Cambodia (ISROC), a private company based in South Korea that bought the rights from the government to register foreign vessels under the Cambodian national flag for $6 million, is no longer operating. The shutdown means that foreign vessels ...

Denise Hruby
http://www.cambodiadaily.com/news/website-of-company-running-ship-registry-closed-down-48428/

Cambodia's Siem Reap, China's Jiangxi ink cooperation deal

Cambodia’s cultural Siem Reap province and China’s eastern Jiangxi province have signed a memorandum of understanding (MoU) to strengthen cooperation in a number of fields, according to a copy of the MoU on Saturday. The deal was inked on Friday afternoon between Khim Bunsong, governor of ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-11/30/c_132930687.htm

Japan's Yusen Logistics launches Cambodia to Osaka service

Japan’s Yusen Logistics Co Ltd has announced the launch of less-than-container-load (LCL) services between Cambodia and the western Japanese city of Osaka. The new lane follows the start of the company’s operation in Cambodia earlier this month and boosts its LCL network to 222 lanes, ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmZhNDRhODA1ZDI

New Association to Take on Illegal DVD Sales

The Motion Picture As­sociation of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...

Ben Woods
http://www.cambodiadaily.com/news/new-association-to-take-on-illegal-dvd-sales-48122/

Regional peers urge gov’t to probe deaths

An organisation made up of current and former elected representatives from across Southeast Asia has called on the United Nations to investigate the deaths of two people shot by police during protests over the past three months. In a statement released yesterday, ASEAN Parliamentarians for Human ...

Eddie Morton
http://www.phnompenhpost.com/national/regional-peers-urge-gov%E2%80%99t-probe-deaths

EU Fish Ban Blamed on Cambodian-Flagged Vessels

A ban on imports of Cambodian seafood proposed by the European Commission (E.C.) is in direct response to Cambodian-flagged vessels complicit in illegal fishing in international waters, Jean-Francois Cautain, European Union (E.U.) ambassador to Cambodia, said Wednesday. The E.C. on Tuesday announced that Cambodia was “non-cooperating ...

Denise Hruby
http://www.cambodiadaily.com/news/eu-fish-ban-blamed-on-cambodian-flagged-vessels-48065/

Cambodia's trade with China's Hong Kong up 19 pct in 9 months

Trade between Cambodia and China’s Hong Kong Special Administrative Region has seen a 19- percent growth in the first nine months of the year thanks to robust bilateral trade ties, Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council, said here Wednesday. ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/28/c_132926075.htm

Labor Ministry Says Brands Hold Key to Wages

The minimum wage for garment factory workers can only be raised if international clothing brands sourcing from Cambodia pay more for their products, a Ministry of Labor official said Tuesday. Khieu Savuth, chief of the Ministry of Labor’s labor conflict commission, laid down the challenge a ...

Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/business/labor-ministry-says-brands-hold-key-to-wages-47966/

Cambodia attracts over 879,000 tourists from ASEAN region

For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said.  The figure of tourist arrivals from ASEAN for the ...

The Southeast Asia Weekly Staff
http://www.thesoutheastasiaweekly.com/cambodia-attracts-over-879000-tourists-from-asean-region/

EU to ban fish imports from Belize, Guinea and Cambodia

Fish imports from Belize, Guinea and Cambodia are to be banned from the European Union, and three more countries have been warned their imports are in danger, in the first major sanction against countries that allow illegal fishing operations to carry on under their countries’ ...

Fiona Harvey
http://www.theguardian.com/environment/2013/nov/26/eu-ban-fish-import-belize-guinea-cambodia-illegal-fishing

PPSEZ signs MoU with Tokyo bank

Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...

May Kunmakara
http://www.phnompenhpost.com/business/ppsez-signs-mou-tokyo-bank

H&M pledges living wage for textile workers in Bangladesh and Cambodia

H&M has pledged to pay a living wage to 850,000 textile workers after expressing frustration over a lack of action by governments to address working conditions in Asian factories in the wake of the Rana Plaza disaster. The world’s second-biggest clothing retailer said it would support ...

Sean Farrell
http://www.theguardian.com/business/2013/nov/25/h-m-living-wage-textile-workers-bangladesh-cambodia

‘No Rush’ For Cambodia on Trans-Pacific Trade Agreement, Experts Say

Two ambitious trade negotiations are moving forward in the Asia Pacific, but Cambodia should first pursue a regional partnership before joining in with all of the Asia Pacific, trade experts say. Cambodia should build momentum on the existing Regional Comprehensive Economic Partnership, an Asean-driven agreement, before ...

Khoun Theara
http://www.voacambodia.com/content/no-rush-for-cambodia-on-trans-pacific-trade-agreement-experts-say-cambodia/1794961.html

Accounting, Auditing Crucial in Development, Experts Say

Proper accounting and auditing help promote business opportunity and development, finance experts say. Socheat Chum, a senior associate auditor for KPMG, a professional accounting service, told “New Voices” on Monday that companies with “solid” financial statements will “attract more business partners and be able to borrow ...

Im Sothearith
http://www.voacambodia.com/content/accounting-auditing-crucial-in-development-experts-say/1793321.html

Despite Denials, Levi’s Still Producing at SL Garment Factory

U.S. denim giant Levi Strauss continued to deny this week that its products are linked to the strife-torn SL Garment Factory in Phnom Penh, despite new photographs showing Levi’s trademark jeans stacked on benches at the plant in Meanchey district. The Singaporean-owned factory, which also produces ...

Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/news/despite-denials-levis-still-producing-at-sl-garment-factory-47389/

Cambodia's trade with China up 31 pct in 9 months

The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...

ECNS News Staff
http://www.ecns.cn/business/2013/11-15/88574.shtml

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