Trade

Exports

EU not taking action on garment industry

The European Union ambassador to Cambodia assured union officials on Tuesday that no sanctions on the garment sector had been taken. Former opposition leader Sam Rainsy and several civil society groups have called for sanctions on the garment industry following the dissolution of the opposition CNRP ...

Mom Kunthear
http://www.khmertimeskh.com/5095913/eu-not-taking-action-garment-industry/

Government fails to recoup on rubber expenses

Despite a 31 percent increase in Cambodian rubber exports during the first 11 months of this year, the Ministry of Agriculture is failing to recoup on expenses it has spent sending expert technicians into the field in order to help boost production. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/government-fails-recoup-rubber-expenses

New forum to tackle problems in rice sector

Next month the Cambodia Rice Federation (CRF) will hold the sixth edition of the Cambodia Rice Forum, bringing major stakeholders in the sector together to discuss the future of the local rice industry and create a joint effort to ramp up production and exports. ...

Sum Manet
http://www.khmertimeskh.com/5095643/new-forum-tackle-problems-rice-sector/

Local officials given power to issue ag origin certificates

In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/local-officials-given-power-issue-ag-origin-certificates

Don’t punish us: employers

​The Garment Manufacturers Association in Cambodia has called on international buyers to continue ordering clothes and textile products made in the country over fears the US and the EU could halt preferential treatment for Cambodian exports.​ ​ ...

Mom Kunthear
http://www.khmertimeskh.com/5093735/dont-punish-us-employers/

South Korea set to import mangoes

South Korea wants to host more migrant workers and increase agricultural imports from Cambodia, including mangoes, a meeting between the outgoing ambassador and National Assembly president Heng Samrin revealed yesterday. ...

Khy Sovuthy
http://www.khmertimeskh.com/5093482/south-korea-set-import-mangoes/

Government creates logistics council to help sector stay competitive in the region

The Cambodian government recently laid out the framework for the creation of a National Council of Logistics, a specialised interministerial team designed to tackle the high costs of the Kingdom’s logistics sector to promote the efficient flow of exports, according to a royal decree issued ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-creates-logistics-council-help-sector-stay-competitive-region

Concerns raised over sanctions

The repercussions of last week’s political moves in Cambodia when the Supreme Court dissolved the main opposition party has left many wondering what the repercussions will be for local businesses. ...

May Kunmakara
http://www.khmertimeskh.com/5091091/concerns-raised-sanctions/

High times for Kampot pepper

The Kampot Pepper Promotion Association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. ...

Chea Vannak
http://www.khmertimeskh.com/5090531/high-times-kampot-pepper/

Bangladesh rice deal shelved

Cambodia has failed to finalise the terms of a massive 250,000-tonne delivery of rice to Bangladesh, with industry insiders claiming that shipments have been cancelled as millers do not currently have the stockpiles to meet export demand while hopes for further negotiations appear to be ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bangladesh-rice-deal-shelved

Walmart deal boosts garment industry

The US multinational Walmart has said it will buy more garment, footwear and luggage products from Cambodia next year due to increased capacity from suppliers and improved labour conditions in the country. ...

Chea Vannak
http://www.khmertimeskh.com/5089512/walmart-deal-boosts-garment-industry/

Garment exports to slow

Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...

Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/garment-exports-slow

Rice exports grow on strength of China quota

Cambodian rice exports increased nearly 17 percent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady. ...

Post Staff
http://www.phnompenhpost.com/business/rice-exports-grow-strength-china-quota

Cambodia asks for GSP status

Representatives from trade unions and employers associations will put forward a request to the European Union and the United States to consider extending preferential treatment – also known as the Generalized System of Preferences (GSP) – for a number of Cambodian products. ...

May Kunmakara
http://www.khmertimeskh.com/5084793/cambodia-asks-gsp-status/

Economy still on track: World Bank

Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election. ...

Kali Kotoski
http://www.phnompenhpost.com/business/economy-still-track-world-bank

Economic changes needed, says ADB

A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ...

May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/

Terms settled on deal to supply rice to Bangladesh: CRF

Cambodia and Bangladesh have finalised terms on a massive rice deal that could see up to 1 million tonnes of rice purchased from the Kingdom over the next five years, with the first shipment due to begin by November, a source close to the deal ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/terms-settled-deal-supply-rice-bangladesh-crf

Cambodia’s ties with US frayed, says official

n a speech to 65 senior government officials yesterday, Cambodia’s acting foreign affairs minister said this month had been “the worst” so far in the history of Cambodia-US relations. “Our relationship seems to be difficult,” said Ouch Borith, who is second-in-command at the Foreign Affairs Ministry. ...

Ben Sokhean
http://www.phnompenhpost.com/national/cambodias-ties-us-frayed-says-official

Cambodia has sole objective for US

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-has-sole-objective-us

Fresh sand ‘fraud’, claims NGO Mother Nature, as sand numbers between Taiwan and the government appear to be off by more than 1.5M tonnes

More than $30 million in Cambodian sand exports registered by Taiwan appear to be missing from Cambodia’s customs records, according to data from both governments, marking yet another large-scale discrepancy in the Kingdom’s figures on the trade. ...

Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/fresh-sand-fraud-claims-ngo-mother-nature-sand-numbers-between-taiwan-and-government-appear

Japonica field trials

Cambodia is keen to grow Japonica rice and the Ministry of Agriculture is currently conducting field trials to explore the possibility. “We are currently studying how Japonica rice can be grown in the country and it will take three to four years to know the full ...

Chea Vannak
http://www.khmertimeskh.com/5081482/japonica-field-trials/

China seeks rubber imports

China wants to import 300,000 tonnes of rubber from Cambodia by early next year, as the Cambodian government boosts its capacity for direct rubber exports to China. ...

Chea Vannak
http://www.khmertimeskh.com/5081294/china-seeks-rubber-imports/

Government refutes claims over price of Bangladesh rice deal

Cambodian officials and members from the private sector have refuted international media reports that claim the price for rice exports to Bangladesh will be set at $453 a tonne as part of a government-to-government deal that hopes to see 250,000 tonnes of white rice exported ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/government-refutes-claims-over-price-bangladesh-rice-deal

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