Economy and commerce

A group of South Korean delegates on Monday announced that it was seeking to invest in six priority areas in the Kingdom, a move aimed at boosting trade between the two countries. The plans were discussed during a meeting between the Council of Development of Cambodia ...

No Chinese goods have been found to be exported from Cambodia to the US to avoid US-imposed tariffs on China, a Ministry of Commerce statement said on Sunday. US embassy spokesman Arend Zwartjes previously told The Post on Thursday that the US Department of Homeland ...

Cambodia signed an engineering, procurement and construction contract on the “Promotion of Paddy Production and Rice Exports Project” with Chinese state-owned company CITIC Construction Co Ltd to build rice storage facilities and drying silos in strategic locations in the Kingdom, the Ministry of Economy and ...

Cambodia’s business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in mid-August, ...

The European Commission has issued a statement calling on the government to show credible improvements on issues of concern in order to avoid the withdrawal of Everything-but-arms trade preferences. An EC and European External Action Service delegation wrapped up a visit to the Kingdom on ...

The Council for the Development of Cambodia (CDC) last week approved 11 projects worth nearly $600 million. According to a post on CDC’s Facebook page yesterday, 11 projects were greenlighted on June 5-7, amounting to a total investment of $597 million. CDC estimates the projects will generate ...

Workers, union leaders and politicians have expressed fear over the consequences of losing access to the EU’s “Everything But Arms” (EBA) agreement – something analysts have described as “manageable”. A team from the European Commission and European External Action Service is currently in Cambodia for ...

The Ministry of Agriculture, Forestry and Fisheries has warned that it will take legal action against its provincial departments and production offices if they maintain any loopholes which allow live pigs or pork products that might be contaminated with African swine fever to be imported ...

With more plans for rice storage and silos in Cambodia, industry insiders have expressed their optimism that a lack of facilities will not pose a challenge for the Kingdom’s rice market this year. Cambodian Rice Federation vice-president Norng Veasna said thanks to efforts from the ...

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 ...

Cambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow ...

Cambodia’s economic outlook remains robust in the near-term despite the country set to face bigger external risks and potentially lose trade privileges to its main markets, an International Monetary Fund (IMF) team has told the finance minister. An IMF team visited Phnom Penh earlier this ...

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 ...

Between 1995 and 2017 Cambodia grew at an average rate of 7.7%; gdp per person rose from $321 in 1994 to $1,137 in 2017, after accounting for inflation. Foreign money has flooded in and Cambodia’s economy, which war and the Khmers Rouges had destroyed, has ...