Trade

In February 2019, the European Union launched an 18-month process over whether or not to maintain Cambodia’s preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The review follows what the European Union perceives as ‘the deterioration of democracy, respect ...

Two-way trade between Cambodia and the UK will remain strong even if the UK leaves the EU as bilateral trade between the two countries surpassed $1 billion last year, said Ministry of Commerce spokesman Seang Thay on Wednesday. According to a Ministry of Commerce press ...

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 ...

A top veterinarian told The Post on Tuesday that 45 pigs illegally transported into Svay Rieng province from Vietnam did not have African swine fever (ASF) after tests carried out at Phnom Penh’s General Directorate of Animal Health and Production came back negative. ...

Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC).​ The deceleration is likely the result of the ...

Cambodia may face a salt shortage again this year, as harvests yielded little more than 30 per cent of the total local demand, Salt Producers Community of Kampot-Kep (SPCKK) technical chief Bun Narin said. Cambodian salt production is only available in Kampot and Kep provinces, ...

The value of Cambodian exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday. The World Bank’s assessment – made in a report named Cambodia Economic ...

A group of international businesses in the garment industry have expressed concern over the labour and human rights situation in the country. On Thursday, the group – which includes Nike, Adidas, and Levi Strauss – sent a letter to Prime Minister Hun Sen pleading with ...

Moody’s Investors Service Inc sees Cambodia, which has a B2 stable rating, as one of the countries that stand to benefit the most from China’s Belt and Road Initiative. In its latest report, Moody’s analyses the potential long-run economic gains and near-to-medium term macro-stability risks ...

Prime Minister Hun Sen is set to sign a memorandum of understanding (MoU) on increased rice quotas with China at the 2nd Belt and Road Forum for International Cooperation in Beijing, according to a statement on Wednesday from the Ministry of Commerce. Minister of Commerce ...

The US Embassy in Phnom Penh on Friday said relations between China and Cambodia did not create jobs or help industry when compared to the trade between the Kingdom and the US. “About 87 per cent of trade [with China] are Chinese imports, which do ...

Cambodia’s rubber exports increased 23 per cent in the first quarter of this year on the same period last year, while rubber prices continue to decrease, according to figures from the General Directorate of Rubber under the Ministry of Agriculture, Forestry and Fisheries. The data ...

A group of international business associations representing garment, footwear and travel goods buyers have called on the government to improve labour and human rights conditions in the Kingdom in the face of possible preferential trade agreement changes by the United States and European Union. In February, ...

Despite losing its duty-free export status in the EU, the Kingdom’s rice exports saw a six per cent increase in the first quarter of this year compared to the same period last year, according to figures released by the Secretariat of One Window Service for ...

Local firms will no longer be charged value-added tax (VAT) on exports of agricultural goods, Prime Minister Hun Sen announced Friday. The premier said dropping VAT charges on exports of agricultural products – including milled rice, corn, cassava, and pepper – will enhance the competitiveness ...

The Ministry of Industry and Handicraft on Tuesday rejected the Salt Producers Community of Kampot-Kep’s (SPCKK’s) proposal to dissolve, saying it needed more time to figure out the issues facing the industry, its spokesman Oum Sotha said. The decision was made during a meeting on ...

Prime Minister Hun Sen on Wednesday reiterated that he would not be overly concerned if Cambodia had its access to the EU’s preferential “Everything But Arms” (EBA) agreement withdrawn because the Kingdom would not die without it. Hun Sen was speaking to factory workers in ...

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. ...

Cambodia produced more that 13 million tonnes of cassava last year, a drop on 2017 despite a six per cent increase in cultivation to 650,510ha nationwide, according to the Ministry of Agriculture, Forestry and Fisheries. The data shows Cambodia produced 13,750,076 tonnes of cassava last ...

The private sector has welcomed the government’s move to reduce the number of public holidays in the in the Kingdom – known for having the most public holidays in the world – by seven days. However, the government had just added the “Day of Remembrance” ...

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 ...

A fact-finding mission sent by the European Union will arrive in Cambodia late this month or early April, European Union Ambassador George Edgar announced this week. During a meeting Tuesday, the EU Ambassador told Minister of Commerce Pan Sorasak that an EU delegation is scheduled ...

Two US congressmen on Tuesday introduced the Cambodia Trade Act bill to ask US President Donald Trump’s administration to review the preferential trade treatment under the General System of Preferences that Cambodia receives from the United States. The CTA bill will require the administration to ...

US-based supporters of Cambodia’s former opposition party have launched a campaign to lobby US lawmakers to support legislation aimed at placing sanctions on the Cambodian government. The activists are planning to call and petition lawmakers to urge them to support the Cambodia Trade Act and ...