Trade
Exports
Trade deficit grows once more
Cambodia’s trade deficit with the rest of the world continued to widen last year to $5.2 billion, as the Kingdom’s imports outstripped its exports once again, a National Bank of Cambodia (NBC) report released on Saturday said. The NBC figures revealed that the Kingdom imported $18.8 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-deficit-grows-once-more
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
China increases rice import quota
Four days after the EU imposed tariffs on rice imported from Cambodia, China agreed on Monday to increase its import quota for Cambodian rice to 400,000 tonnes this year from the previous 300,000 tonnes. If Cambodia can supply the quantity under the new Chinese quota, ...
Hor Kimsay
https://www.phnompenhpost.com/business/china-increases-rice-import-quota
Charcoal exports banned
Charcoal traders have complained about the high cost of “service payments” required to export to Thailand via Banteay Meanchey province’s Boeung Trakuon border crossing, forcing some to stop operating. Meanwhile, Forestry Administration officials recently imposed a blanket ban on all charcoal exports. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/charcoal-exports-banned
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
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
Kingdom’s rice exports down 1.5%
The Kingdom’s rice exports saw a 1.5 per cent drop last year compared to 2017 due to the industry’s lingering challenges – the cost of production and competition with the international market. Ministry of Agriculture, Forestry and Fisheries figures show that the country exported 626,225 ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/kingdoms-rice-exports-down-15
CO not needed for exports to EU
Those wishing to export their goods to the EU under the tax-free preferential scheme, Everything but Arms (EBA), are no longer required to apply for a Certificate of Origin (CO), according to a joint announcement from the ministries of Commerce, and Economy and Finance on ...
Kun Kourchettana
https://www.phnompenhpost.com/business/co-not-needed-exports-eu
First banana shipment to China confirmed
Longmate Agriculture Co has announced that it will conduct a test shipment of bananas to the Chinese market next month, which will be followed by the company’s first official shipment to China in February. ...
Chea Vannak
https://www.khmertimeskh.com/50564243/first-banana-shipment-to-china-confirmed/
Export opportunities for chemicals and chemical products in Vietnam and Cambodia
Malaysian companies are set to explore export opportunities for chemicals and chemical products in Vietnam and Cambodia through Malaysia External Trade Development Corp signature export promotion programme, Export Acceleration Mission. ...
NST Business
https://www.nst.com.my/business/2018/11/434409/export-opportunities-chemicals-and-chemical-products-vietnam-and-cambodia
Sugarcane a ‘huge potential for farmers’
Cambodia’s three major sugar companies produced 120,126 tonnes of raw sugar in the first nine months of this year, said a Ministry of Industry and Handicraft report. It said Rui Feng (Cambodia) International Co Ltd produced 56,664 tonnes, Yellow Field (Cambodia) International Ltd (51,420 tonnes) ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/sugarcane-huge-potential-farmers
New pepper federation set to promote sector
The government has formed a new federation for the country’s pepper industry to enhance the market and solve challenges in the sector, as the cash crop is currently facing depressed prices. The Cambodia Pepper and Spice Federation was jointly formed last Friday by the Ministries ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/new-pepper-federation-set-promote-sector
Cambodia's H1 garment exports up 10.73 pct, projected strong this year
Cambodia’s garment exports grew by 10.73 percent in the first half of 2018 and are projected to remain strong despite a European Union threat to withdraw duty-free trading access, official data showed on Wednesday. ...
Prak Chan Thul
https://www.reuters.com/article/us-usa-stocks/nasdaq-confirms-correction-while-sp-500-and-dow-erase-2018-gains-idUSKCN1MY1LZ
Making palm sugar harvest attractive again
Kampong Speu Palm Sugar, which has a geographical indication (GI) status, is seeing lower production due to a labour shortage. Kampong Speu Palm Sugar Promotion Association (KSPSPA) president, Sam Saroeun, said on Tuesday that production fell from 300 tonnes last year to 250 tonnes this ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/making-palm-sugar-harvest-attractive-again
Rubber exports surge by 22%
Cambodian rubber exports surged 22 per cent during the first nine months of the year, compared to the same period last year, figures from the Ministry of Agriculture said. Local producers exported 140,303 tonnes of rubber during the period – an increase of 25,240 tonnes ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/rubber-exports-surge-22
Cambodia, Vietnam to boost border trade
Cambodia and Vietnam have agreed to boost their bilateral trade figures to $5 billion with the acceleration of a border trade agreement following an increase in trade volume between both countries. ...
Chea Vannak
https://www.khmertimeskh.com/50533723/cambodia-vietnam-to-boost-border-trade/
Tobacco worth over $2M exported to VN last year
Cambodia exported more than 1,000 tonnes of dry tobacco leaves to Vietnam last year, valued at more than $2 million. The figure marks a 24 per cent increase from 2016, the Ministry of Commerce said. Ministry of Commerce spokesman Long Kemvichet said data showed the ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/tobacco-worth-over-2m-exported-vn-last-year
Cashew sector pared down as farmers change crops
Cashew nut production in the Kingdom declined by more than 50 per cent in the three years leading up to last year, as farmers followed the market by switching to other crops, figures from the Ministry of Agriculture indicate. ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/cashew-sector-pared-down-farmers-change-crops
Trade war may boost Kingdom’s US exports
Exports of travel goods from the Kingdom are set to gain from the ongoing US-China trade war as US lobbyists for the Garment Manufacturers Association of Cambodia (GMAC) claim that President Donald Trump plans to raise duties on such China-made products from 10 to 25 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-war-may-boost-kingdoms-us-exports
Local mango planters can still depend on EU market: Exporter
Despite the failure to export to China and South Korea local planters can expect a boost in the exportation of fresh mangoes to the European Union (EU) provided they have quality products, said an exporter yesterday. ...
Chea Vannak
https://www.khmertimeskh.com/50519681/local-mango-planters-can-still-depend-on-eu-market-exporter/
Exports to US see 26% growth
Exports to the US grew 26 per cent in the first half of this year, despite tensions over the Kingdom’s July 29 national elections. This stands in stark contrast to last year when export growth to the US was in single digits. ...
Hor Kimsay
https://www.phnompenhpost.com/business/exports-us-see-26-growth
China should invest in Battambang milling plant
The Minister of Commerce Pan Sorasak urged a Hunan-based company to take advantage of the vast, untapped potential in the agricultural sector and to invest in an export processing plant in Battambang. ...
May Kunmakara
https://www.khmertimeskh.com/50519249/china-should-invest-in-battambang-milling-plant/