Economy and commerce
Trade
Cambodia GFT exports at $6.27 billion in 7 months
Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods extended its lean patch into the seventh month of the year, as the exports recorded a decline of 20.44 percent in the January to July period of 2023. ...
Manoj Mathew
https://www.khmertimeskh.com/501342930/cambodia-gft-exports-at-6-27-billion-in-7-months/
Canada imports nearly 769,000 knitted coats from Cambodia
Canada imported nearly 769,000 knitted coats from the Kingdom during the January-May period of the current year, according to a website, which tracks the developments in the textile industry. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501342646/canada-imports-nearly-769000-knitted-coats-from-cambodia/
Pakistan eager to boost trade, investment relations with ASEAN
A five-member delegation from Cambodia attended the ASEAN-Pakistan Business Opportunities Conference 2023, which concluded in Lahore, Pakistan, on Friday. ...
Adur Pradeep
https://www.khmertimeskh.com/501342387/pakistan-eager-to-boost-trade-investment-relations-with-asean/
Cambodia sets ambitious targets to boost cashew processing and exports
Cambodia is trying to establish itself as a leading cashew-producing and exporting country through its National Policy on Cashew 2022–2027. The government aims to boost cashew output, develop processing facilities, diversify export markets, and simplify trade facilitation programs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501342976/cambodia-sets-ambitious-targets-to-boost-cashew-processing-and-exports/
Cambodia’s exports earn $13 billion in January-July period
Cambodia exported $13.525 billion worth of goods to international markets in the January-July period of 2023, a year-on-year decrease of 2 percent, a report of the General Department of Customs and Excise showed on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501341450/cambodias-exports-earn-13-billion-in-january-july-period/
Demand for Cambodia’s paddy, milled rice growing
The Kingdom’s rice export industry is on the rise. The Cambodia Rice Federation (CRF) recently reported that between January and July 2023, the nation exported more than 360,000 tonnes of milled rice to 52 target countries, accounting for 52 per cent of the yearly target ...
Van Socheata
https://www.phnompenhpost.com/business/demand-cambodias-paddy-milled-rice-growing
CCF asks Vietnam companies to purchase directly from farmers
Cambodia Cashew Federation (CCF) recently urged processing companies in Vietnam to buy cashew nuts directly from farmers as this can ensure better prices for them. ...
Nhean Chamrong
https://www.khmertimeskh.com/501336784/ccf-asks-vietnam-companies-to-purchase-directly-from-farmers/
Kingdom earns $917M from rice exports
Cambodia earned $917.37 million from the exports of rice and paddy in the first seven months of the year, according to a report by the Cambodia Rice Federation (CRF), recently. ...
Nhean Chamrong
https://www.khmertimeskh.com/501338602/kingdom-earns-917m-from-rice-exports/
Cambodia’s milled rice export bags $253 million in January-July period
Cambodia exported a total of 362,708 tonnes of milled rice in the first seven months of this year, earning some $253 million in revenue, a Cambodia Rice Federation’s report said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501338818/cambodias-milled-rice-export-bags-253-million-in-january-july-period/
S’pore exports up 500% in H1
Exports to Singapore rose more than five times to $415 million in the first half of 2023 from $62.4 million in the same period last year, as imports from Singapore fell 82 per cent to $371.8 million from $2.02 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/spore-exports-500-h1
Korean investors plan to set up a cashew processing plant in Cambodia for export
Representatives of the Korea Agro-Industrial Resources Association plan to set up a cashew processing plant in Cambodia for export to international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/501337218/korean-investors-plan-to-set-up-a-cashew-processing-plant-in-cambodia-for-export/
Cambodia asks US to renew GSP scheme
The Minister of Commerce (MoC) Pan Sorasak on Wednesday discussed strategies to strengthen the bilateral collaboration between Cambodia and the US as well as renew the Generalized System of Preferences (GSP) for some of Cambodia’s products with a delegation led by Jason Smith, Chairman of ...
Kang Sothear
https://www.khmertimeskh.com/501336646/cambodia-asks-us-to-renew-gsp-scheme/
Cambodia’s electrical exports rise to $1.4 billion in 1H
Cambodia exported $1.4 billion worth of electrical equipment and electronic components in the first half of 2023, a 1.3-fold increase year-on-year, according to the National Bank of Cambodia’s report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501335905/cambodias-electrical-exports-rise-to-1-4-billion-in-1h/
No salt import, high salt yields sufficient for Cambodia
Cambodia would not need to import salt from other countries to meet domestic demand in 2023 as favourable weather conditions have helped the production of salt where more than 80,000 tonnes have been harvested, industry insiders say. ...
Hin Pisei
https://www.phnompenhpost.com/business/no-salt-import-high-salt-yields-sufficient-cambodia
Indonesia’s Trade and Tourism Fair to kick off in Phnom Penh this week
The Embassy of the Republic of Indonesia in Phnom Penh will organise the 14th Indonesian Trade and Tourism Promotion (ITTP 2023) here at Koh Pich Convention and Exhibition Centreon Aug. 4-6, 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501335612/indonesias-trade-and-tourism-fair-to-kick-off-in-phnom-penh-this-week/
US remains Cambodia’s biggest export destination
The US continued to be the biggest export destination for Cambodian products despite the trade preference scheme, Generalized System of Preference (GSP), which has not been renewed since late 2020. ...
Chea Vanyuth
https://www.khmertimeskh.com/501332514/us-remains-cambodias-biggest-export-destination/
Cambodia’s new Rules of Origin Law to better facilitate international trade
Cambodia has approved a new Rules of Origin (ROO) law, which is to be in line with the standards set by the World Trade Organization (WTO). ...
Khmer Times Staff
https://www.khmertimeskh.com/501332195/cambodias-new-rules-of-origin-law-to-better-facilitate-international-trade/
Cambodia-Japan H1 bilateral trade at $860 million
Bilateral trade between Cambodia and Japan reached $860 million in the first half of this year, an 8 percent decrease from $934 million for the same period a year ago, according to a report from the General Department of Customs and Excise. ...
Chea Vanyuth
https://www.khmertimeskh.com/501331909/cambodia-japan-h1-bilateral-trade-at-860-million/
Cambodia makes $187 million from rubber exports of nearly 140,000 tonnes in H1
Cambodia exported 139,220 tons of dry rubber in the first half of 2023, up 2.72 percent from 135,537 tons over the same period last year, said a report from the General Directorate of Rubber on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501332130/cambodia-makes-187-million-from-rubber-exports-of-nearly-140000-tonnes-in-h1/
Cambodia-ASEAN trade valued at over $7 billion in H1
Cambodia’s trade with ASEAN member countries was valued at $7.1 billion in the first six months of this year, accounting for 30 percent of the Kingdom’s total international trade. ...
Khmer Times Staff
https://www.khmertimeskh.com/501331365/cambodia-asean-trade-valued-at-over-7-billion-in-h1/
H1 vehicle imports slow down by 20% on-year to $457M
Cambodia imported a total of $456.673 million worth of “rot’yon” -class automotive motor vehicles in the first half of 2023, down 19.90 per cent year-on-year from $570.099 million, according to the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/h1-vehicle-imports-slow-down-20-year-457m
Cambodia’s export to RCEP countries up 24 percent in H1
Cambodia’s total export to other Regional Comprehensive Economic Partnership (RCEP) countries amounted to $4.07 billion in the first half of 2023, up 24 percent from $3.28 billion over the same period last year, said the Ministry of Commerce’s latest report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501326651/cambodias-export-to-rcep-countries-up-24-percent-in-h1/
Cambodia looks to enhance agriculture exports with Ghana
Cambodia is looking to enhance its cooperation in several sectors, especially agriculture, with Ghana. ...
Adur Pradeep
https://www.khmertimeskh.com/501325555/cambodia-looks-to-enhance-agriculture-exports-with-ghana/
Cambodia hopes RCEP, bilateral FTAs to boost exports of garment, footwear, travel goods
Cambodia has pinned hopes on the Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral Free Trade Agreements (FTAs) to boost its exports of garment, footwear and travel (GFT) goods. ...
Khmer Times Staff
https://www.khmertimeskh.com/501325280/cambodia-hopes-rcep-bilateral-ftas-to-boost-exports-of-garment-footwear-travel-goods/