Economy and commerce
Trade
Trade and tourism sector, important for economic growth
Cambodian Minister of Commerce has stressed the important role of trade and tourism in the country’s socio-economic development toward inclusive, resilient, and sustainable recovery. ...
Khmer Times Staff
https://www.khmertimeskh.com/501269119/trade-and-tourism-sector-important-for-economic-growth/
Korea becomes Cambodia’s 14th largest trading partner in 2022
Korea has become Cambodia’s 14th largest trading partner in 2022, as the bilateral trade volume posted $780 million, inching up 0.6 percent. ...
Khmer Times Staff
https://www.khmertimeskh.com/501267568/korea-becomes-cambodias-14th-largest-trading-partner-in-2022/
Cambodia & Morocco look to deepen ties; may boost apparel trade
Morocco and Cambodia have pledged to strengthen their trade ties. The two countries have agreed to organise a forum to explore business opportunities and urged their respective business communities to boost trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501266865/cambodia-may-boost-apparel-trade/
Cambodian, Chinese central banks discuss local currency settlement for cross-border trade
Cambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, said a statement released by the National Bank of Cambodia (NBC) on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501266318/cambodian-chinese-central-banks-discuss-local-currency-settlement-for-cross-border-trade/
Cambodia, Thailand commit to achieve bilateral trade volume of $15 Billion by 2025
Senior Official of Cambodia has inspired all stakeholders to continue working hard to attain $15-billion worth of Cambodia-Thailand bilateral trade volume set by the two countries’ Prime Ministers. ...
Khmer Times Staff
https://www.khmertimeskh.com/501264997/cambodia-thailand-commit-to-achieve-bilateral-trade-volume-of-15-billion-by-2025/
Electronics imports surge one-third on-year: ministry
Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s ...
Hin Pisei
https://www.phnompenhpost.com/business/electronics-imports-surge-one-third-year-ministry
Cambodia may invest in Cuban rice production
Cambodia is considering investing in rice production in Cuba to help strengthen the Caribbean island nation’s capacity to ensure food security, as well as to increase the presence of the Kingdom’s varieties of the stable crop in international markets. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-may-invest-cuban-rice-production
Cambodia and Vietnam sign trade deals
Cambodia and Vietnam have signed a series of agreements to strengthen trade and cooperation between the two nations ...
Mao Sreypich
https://kiripost.com/stories/cambodia-and-vietnam-sign-trade-deals
Cambodia, Indonesia to boost trade, investment, tourism ties
Cambodia and Indonesia have discussed further cooperation in trade, investment and tourism by promoting the export of Cambodian agricultural products to the Indonesian market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501261545/cambodia-indonesia-to-boost-trade-investment-tourism-ties/
China remains as top supplier of raw materials to Cambodia’s garment industry
Cambodian Prime Minister said on Wednesday that China is the largest supplier of raw materials to the kingdom’s garment industry. ...
Khmer Times Staff
https://www.khmertimeskh.com/501260728/china-remains-as-top-supplier-of-raw-materials-to-cambodias-garment-industry/
Cambodian authorities urged to probe forced labor in factories
The American Apparel & Footwear Association (AAFA) and VF Corporation are urging Cambodian authorities to investigate forced labor used to produce export goods. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodian-authorities-urged-to-probe-forced-labor-in-factories
Cambodia, Pakistan mull joint trade-body committee
Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-pakistan-mull-joint-trade-body-committee
Cambodia and UAE negotiate trade deal
Cambodia and the United Arab Emirates (UAE) have thrashed out a deal after three rounds of negotiations over the Comprehensive Economic Partnership (CEPA) trade agreement. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-and-uae-negotiate-trade-deal
Cambodia’s Royal Group signs agreement on renewable energy export to Singapore
Cambodia’s Royal Group Power Company Ltd. (RGP) and Singapore’s Keppel Energy Pte Ltd. (KE) have reached an energy purchase agreement on exporting renewable energy to Singapore via submarine high-voltage transmission. ...
Khmer Times Staff
https://www.khmertimeskh.com/501257335/cambodias-royal-group-signs-agreement-on-renewable-energy-export-to-singapore/
Cambodia to export renewable electricity to Singapore
The conglomerate Cambodia’s Royal Group of Companies will export renewable energy to Singapore after the group signed an agreement with Keppel Energy Pte Ltd on Wednesday, which will enable the latter to purchase electricity from the Kingdom. ...
Khmer Times Staff
https://www.khmertimeskh.com/501256436/cambodia-to-export-renewable-electricity-to-singapore/
Rubber exports edge up even as prices drop
Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap, according to the Ministry of Agriculture, ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-exports-edge-even-prices-drop
US remains Cambodia’s biggest market despite declining exports
The US remained the biggest market for Cambodia with a share of 34.4 percent even though the Kingdom’s exports to the country decreased by 20.2 percent to reach $1.12 billion in the first two months of the year compared to the same period in 2022, ...
Manoj Mathew
https://www.khmertimeskh.com/501255716/us-remains-cambodias-biggest-market-despite-declining-exports/
Cambodia-China trade at $1.7B in first two months
The trade volume between Cambodia and China reached $1.7 billion in the first two months of 2023, down 15.6 percent year-on-year, according to a report from the General Department of Customs and Excise. ...
Chea Vanyuth
https://www.khmertimeskh.com/501255082/cambodia-china-trade-at-1-7b-in-first-two-months/
Fresh banana exports to China rebound
Cambodia’s fresh banana exports to regional markets in the first quarter of the year have improved compared to 2022, mainly due to the lifting of Covid-19 lockdowns in China – the Kingdom’s biggest market – and a reduction in shipping costs, said Longmate Agriculture CEO ...
Van Socheata
https://www.phnompenhpost.com/business/fresh-banana-exports-china-rebound
Cambodia’s exports 8 percent down in first two months, commerce ministry wants to reassure
Cambodia sees a fall in exports in the first two months of 2023, down 8.6 percent compared to the same period last year. It is, however, not a worrying sign, the Commerce Ministry said. ...
Teng Yalirozy
https://cambodianess.com/article/cambodias-exports-8-percent-down-in-first-two-months-commerce-ministry-wants-to-reassure
Cambodia to directly ship goods to US, EU by 2030
By 2030, Sihanoukville Autonomous Port (PAS) will be able to ship goods directly without any transit to the US and European Union (EU) markets, said Sun Chanthol, Minister of Public Works and Transports (MPWT) yesterday. ...
Kang Sothear
https://www.khmertimeskh.com/501254285/cambodia-to-directly-ship-goods-to-us-eu-by-2030/
Cambodia’s trade valued at over $6.8 billion in first two months
The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501254157/cambodias-trade-valued-at-over-6-8-billion-in-first-two-months/
Kampong Chhnang port to push exports
Kampong Chhnang Multi-Purpose Port and Logistics Centre will spend more than $300 million to promote the transportation of Cambodian products to local and international markets. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-kampong-chhnang-port-to-push-exports
Job loss fears as GFT exports decline by 25 percent in February
Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. ...
Manoj Mathew
https://www.khmertimeskh.com/501253565/job-loss-fears-as-gft-exports-decline-by-25-percent-in-february/