Economy and commerce
Trade
EU explores investment opportunities in Cambodia
An EU-ASEAN Business Council delegation landed in Cambodia to look into long-term investments in the country. In the first installment of two, Kiripost sits down with executive director, Chris Murphy, to see what progress was made. ...
Marissa Carruthers
https://kiripost.com/stories/eu-explores-investment-opportunities-in-cambodia
Social issues key to US-Cambodia trade, says Ambassador
The US embassy in Phnom Penh has said that Washington is seeking a trading relationship with Cambodia that is mutually beneficial, transparent, balanced, and in adherence to the highest standards, including labor rights. ...
Rov Hongseng
https://kiripost.com/stories/social-issues-key-to-us-cambodia-trade-says-ambassador
EU offers support in green transition and trade
The European Union plans to launch two initiatives aimed at promoting the green transition and fostering sustainable trade in Cambodia, according to new EU Ambassador to Cambodia, Igor Driesmans. ...
Mao Sreypich
https://kiripost.com/stories/eu-offers-support-in-green-transition-and-trade
Cambodia’s exports to RCEP countries rise 23% to $5.8B
Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries continued to increase, indicating the emergence of a growing market for the country’s products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501382492/cambodias-exports-to-rcep-countries-rise-23-to-5-8b/
Shanxi Fruit Trade Fair sees Cambodia’s participation
A total of 870 companies exhibited 2,590 products at the event. As an important platform for the export of agricultural products, the fair improves awareness of Shanxi fruit, increases the province’s influence, and brings opportunities overseas, organizers said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501382140/shanxi-fruit-trade-fairsees-cambodias-participation/
SSEZ conducts $2.5B trade in nine months
Year 2023 witnessed the spectacular emergence of Cambodia’s Sihanoukville Special Economic Zone (SSEZ) as a force to reckon with, as its enterprises hit 7.13 percent of the Kingdom’s total trade turnover, up from a mere 0.88 percent in 2013. In just nine months of the ...
Jigme Palden Pazo
https://www.khmertimeskh.com/501381926/ssez-conducts-2-5b-trade-in-nine-months/
Cambodian PM: Cambodia-Japan cooperation will increase
Cambodia’s Prime Minister Hun Manet expressed his hope that Cambodia-Japan cooperation will increase in all fields, especially in tourism, investment and people-to-people exchange. ...
Khmer Times Staff
https://www.khmertimeskh.com/501381559/cambodian-pm-cambodia-japan-cooperation-will-increase/
Cambodia looks to export fish products to EU by 2024
Cambodian fishery products could be exported to the European Union (EU) by 2024 as collaborations aim to implement a control system that meets international market requirements. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-looks-to-export-fish-products-to-eu-by-2024
Red corn ‘vital’ agro product: official
Yang Saing Koma, a secretary of state for the Ministry of Agriculture, Forestry and Fisheries, highlighted the significance of red corn as a vital agricultural product. ...
Van Socheata
https://www.phnompenhpost.com/business/red-corn-vital-agro-product-official
Joint building of Belt and Road highlighted
President Xi Jinping called on Thursday for China and Cambodia to maintain high-level strategic communication and cooperate on the Belt and Road joint building to promote common development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379752/joint-building-of-belt-and-road-highlighted/
Vietnam, Cambodia keen to use local currency for trade: Malaysian PM
Vietnam and Cambodia are keen to use their local currency for trading with Malaysia to reduce dependence on the US dollar, according to Malaysian Prime Minister Datuk Seri Anwar Ibrahim. ...
Khmer Times Staff
https://www.khmertimeskh.com/501380454/vietnam-cambodia-keen-to-use-local-currency-for-trade-malaysian-pm/
Cambodia makes $320.5 mln from rubber exports in first 9 months
Cambodia exported 242,304 tons of dry rubber in the first nine months of 2023, up 3.5 percent from 234,100 tons over the same period last year, said a report from the General Directorate of Rubber on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379483/cambodia-makes-320-5-mln-from-rubber-exports-in-first-9-months/
Vietnam, Cambodia considering using local currency for trade
Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. ...
Khmer Times Staff
https://www.khmertimeskh.com/501378237/vietnam-cambodia-considering-using-local-currency-for-trade/
PM: Cambodian entrepreneurs to use Alibaba e-commerce platform to take full advantage of international market
Prime Minister of Cambodia, Dr. Hun Manet, received Ms. Wen Jia, President of the Public Affairs Department of Alibaba Group, on the side-lines of the 3rd Road and Belt Forum for International Coordination in Beijing, China yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501378260/pm-cambodian-entrepreneurs-to-use-alibaba-e-commerce-platform-to-take-full-advantage-of-international-market/
Cambodia sees soaring demand for electrical factory machinery
In the first nine months of 2023, Cambodia witnessed a substantial uptick in its imports of electrical machinery, equipment and related products from the international market, totalling more than $1.1 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-sees-soaring-demand-electrical-factory-machinery-0
Cambodia, Türkiye aim for two-way trade goal of $1 billion
This was the spirit of the recent talks here between HE SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Ms. Ülkü Kocaefe, Ambassador of the Republic of Türkiye. ...
AKP
https://www.khmertimeskh.com/501376155/cambodia-turkiye-aim-for-two-way-trade-goal-of-1-billion/
Nearly 43% decline in bicycle exports
Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501375670/nearly-43-decline-in-bicycle-exports/
Cambodia-US trade recovery underway, with export growth
Cambodia-US trade during the first nine months of 2023 reached $7.08 billion, marking a 3% dip from the $7.3 billion in the corresponding period of 2022, as per the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-trade-recovery-underway-export-growth
GFT exports decline 17.81% triggering more job loss fears
Cambodia’s exports of garments, footwear and travel goods (GFT) continued the slide as the January to September period recorded a decline of 17.81 percent, compared to the same period last year, triggering fears of more job losses and factory closures. ...
Manoj Mathew
https://www.khmertimeskh.com/501375664/gft-exports-decline-17-81-triggering-more-job-loss-fears/
Cambodia’s garment, footwear, and travel goods exports are down 17.8 percent in the first nine months
Cambodia exported $8.14 billion worth of garment, footwear, and travel products to international markets in the first nine months of 2023, down 17.8 percent from last year, according to the Ministry of Commerce on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501375252/cambodias-garment-footwear-and-travel-goods-exports-are-down-17-8-percent-in-the-first-nine-months/
UNIDO join hands with CAC to boost cashew kernel export
The United Nations Industrial Development Organisation (UNIDO) collaborated with the Cashew nut Association of Cambodia (CAC) to boost the export of cashew kernel by 12 percent by 2025 by providing technical support and management systems to the owners of the micro, small and medium enterprises ...
Nheng Chamrong
https://www.khmertimeskh.com/501373709/unido-join-hands-with-cac-to-boost-cashew-kernel-export/
Cambodia’s international trade reaches $35 billion in nine months
Cambodia’s international trade totalled more than $35.16 billion in the first nine months of this year, inching down 3.5 percent from the same period last year, the General Department of Customs and Excise’s report showed on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374641/cambodias-international-trade-reaches-35-billion-in-nine-months/
Cambodia exports down 0.8 pct in first 9 months
Cambodia exported $16.94 billion worth of goods in the first nine months of 2023, a slight drop of 0.8 percent from $17.07 billion in the same period last year, said a General Department of Customs and Excise’s report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374605/cambodia-exports-down-0-8-pct-in-first-9-months/
Rice showcased at German expo
Hopes are high among the Cambodia Rice Federation (CRF) and leading industry players that the country’s fragrant and organic rice could expand its European market presence, following the Anuga Food Trade Fair 2023 in Cologne, Germany. ...
May Kunmakara
https://www.phnompenhpost.com/business/rice-showcased-german-expo