Economy and commerce
Trade
DCTS scheme reduces tariffs on UK exports
The Ministry of Commerce has urged exporters to adhere to the UK’s rules of origin (RoO) in order to benefit from their Developing Countries Trading Scheme (DCTS), a system of graduated tariffs on imports. ...
Van Socheata
https://phnompenhpost.com/business/dcts-scheme-reduces-tariffs-uk-exports
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). Concurrently, imports from Australia ...
Hin Pisei
https://phnompenhpost.com/business/cambodia-oz-trade-dips-85
Electrical exports spark to $2.1B
Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85
Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy
The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...
Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/
Thai-Cambodian ties entering ‘a new era’
Prime Minister Srettha Thavisin’s decision to visit Cambodia this week measures the solid relationship between the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501368946/thai-cambodian-ties-entering-a-new-era/
Gold export booms in first semester
Cambodia saw a jump increase in gold exports in the first semester of this year, as more domestic gold refinery plants started commercial products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501368438/gold-export-booms-in-first-semester/
UK Prime Minister’s Trade Envoy to Cambodia visits country to boost trade opportunities
The UK Prime Minister’s Trade Envoy Heather Wheeler MP is visiting Cambodia this week (24 to 26 September). ...
Khmer Times Staff
https://www.khmertimeskh.com/501365067/uk-prime-ministers-trade-envoy-to-cambodia-visits-country-to-boost-trade-opportunities/
Success of live lobster exports sparks market enthusiam in China
A Cambodian firm intends to export more than 1,000kg of live lobsters to China, after its previous test runs proved the product had garnered “substantial market support”. ...
Van Socheata
https://www.phnompenhpost.com/business/success-live-lobster-exports-sparks-market-enthusiam-china
Pepper exports decline 30% Jan-Aug
Cambodia has experienced a 30 per cent decline in pepper exports in the first eight months of 2023, exporting over 5,000 tonnes, compared to the same period in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. ...
Van Socheata
https://www.phnompenhpost.com/national/pepper-exports-decline-30-jan-aug
UK investment, exports set to grow
Recently-appointed UK Prime Minister’s Trade Envoy to Cambodia and Laos Heather Wheeler is looking to expand trade and investment with Cambodia as the two countries celebrate 70 years of diplomatic relations. ...
May Kunmakara
https://www.phnompenhpost.com/business/uk-investment-exports-set-grow
Cambodia-India trade bucks global downturn, rises 7%
Trade volume between Cambodia and India has grown 6.6 per cent year-on-year to $306.9 million from $287.8 million amid contracted bilateral trade with other nations in the first eight months of 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-india-trade-bucks-global-downturn-rises-7
Koh Kong port launches testing operations
Koh Kong province’s first international seaport, Koh Kong Port Management in Kiri Sakor district, on Monday officially launched testing to facilitate local transportation of agricultural products, improving the livelihoods of people in the area. ...
Yatt Malai
https://kiripost.com/stories/koh-kong-port-launches-testing-operations
Cambodia rice meets Thai and Vietnam demand as global price spikes
Global rice prices hit a 15-year high in September, rising 30 percent year-on-year (YoY), according to an investor’s note by BMI, which quoted the UN’s Food and Agriculture Organization’s (FAO) All Rice Price Index report. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-rice-meets-thai-and-vietnam-demand-as-global-price-spikes
Cambodia quality seal boosts food safety in fisheries processing sector
In a promising development for Cambodia’s fisheries industry, Cambodia Quality Seal (CQS) has taken significant strides in addressing food safety concerns, positioning itself as a catalyst for positive change. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-quality-seal-boosts-food-safety-in-fisheries-processing-sector
Cambodian growers urged to gear up to export coconuts to China
The General Directorate of Agriculture (GDA) has informed fragrant coconut farmers, communities and processing factories that China is prepared to import their produce. ...
Khmer Times Staff
https://www.khmertimeskh.com/501364800/cambodian-growers-urged-to-gear-up-to-export-coconuts-to-china/
Cambodia and China sign protocol of Phytosanitary requirements for fresh coconut export
Cambodia and China have recently signed a protocol of phytosanitary requirements to export fresh coconuts from Cambodia to China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363745/cambodia-and-china-sign-protocol-of-phytosanitary-requirements-for-fresh-coconut-export/
Sluggish industry growth affects Cambodia’s economic outlook as improved tourism recovery expected to boost Cambodian exports
The Asian Development Bank (ADB) has lowered its economic growth forecast for Cambodia to 5.3 percent, down from the earlier prediction of 5.5 percent. The main reason for this revision is the slower-than-expected growth in the industrial sector. This information was included in the ADB’s ...
Khmer Times Staff
https://www.khmertimeskh.com/501363717/sluggish-industry-growth-affects-cambodias-economic-outlook-as-improved-tourism-recovery-expected-to-boost-cambodian-exports/
Turkish delegation to arrive next week
A high-level delegation from Turkiye is set to visit Phnom Penh for an official visit, aimed at strengthening ties between the two countries, particularly in the area of trade. Their arrival is expected next week, although no exact date has been specified. ...
Van Socheata
https://www.phnompenhpost.com/national/turkish-delegation-arrive-next-week
Fresh Cambodian coconuts, Venezuelan avocados approved to enter China
Chinese customs authorized imports of fresh coconuts from Cambodia and fresh avocados from Venezuela starting on Monday, according to a notice by China’s General Administration of Customs (GAC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501363495/fresh-cambodian-coconuts-venezuelan-avocados-approved-to-enter-china/
Cambodia plans to increase export of milled rice to China by 20%
Cambodia is planning to increase its milled rice exports to China by 20 percent, Prime Minister Hun Manet said yesterday dismissing critics who are sceptical about the increasing bilateral trade ties between both nations. ...
Nhean Chamrong
https://www.khmertimeskh.com/501363031/cambodia-plans-to-increase-export-of-milled-rice-to-china-by-20/
Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year
Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/
Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year
Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/
Cashew exports to Vietnam decline 16%, says CAC
Cambodia exported 607,000 tonnes of Raw Cashew Nuts (RCN) to Vietnam in the first eight months of 2023 earning $820 million, a decrease of 15.8 percent compared to the same period last year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501361913/cashew-exports-to-vietnam-decline-16-says-cac/