Economy and commerce
Trade
RCEP trade pact takes effect in South Korea
The mega free trade pact of the Regional Comprehensive Economic Partnership took effect in South Korea on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501018289/rcep-trade-pact-takes-effect-in-south-korea/
Cambodia-Korea Free Trade Agreement Law promulgated
His Majesty King Norodom Sihamoni, King of the Kingdom of Cambodia, has signed into law the ratification of the Free Trade Agreement between Cambodia and South Korea on January 29, 2022, after it was cleared by the National Assembly and Senate. ...
Khmer Times Staff
https://www.khmertimeskh.com/501018386/cambodia-korea-free-trade-agreement-law-promulgated/
China trade increases by 37% to pass $11B in 2021
The trade volume between Cambodia and China reached more than $11.1 billion last year, representing a 37.28 per cent year-on-year surge, the Chinese embassy in Phnom Penh reported, quoting figures from the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/china-trade-increases-37-pass-11b-2021
Cambodia’s export to China increases as FTA takes effect
Cambodia exports to China increased by 39 percent to $1,510 million last year, a positive move to the Kingdom’s trade as Cambodia and China put into effect their newly-endorsed bilateral free trade agreement. ...
Chea Vanyuth
https://www.khmertimeskh.com/501015767/cambodias-export-to-china-increases-as-fta-takes-effect/
Cambodia-Vietnam trade volume inches closer to $10 billion in 2021
Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise of 75 per cent compared to 2020 figures—despite the impact of the pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/501015577/cambodia-vietnam-trade-volume-inches-closer-to-10-billion-in-2021/
Cambodia’s largest ports see growth in revenue last year despite pandemic
Cambodia’s two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501014808/cambodias-largest-ports-see-growth-in-revenue-last-year-despite-pandemic/
Trade with UK dips 10.5% to $785M
Bilateral trade between Cambodia and the UK reached more than $785 million in 2021, down by more than 10.48 per cent year-on-year, according to the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/trade-uk-dips-105-785m
Cambodia exports over 366,000 tonnes of rubber in 2021
Cambodia exported 366,300 tonnes of rubber latex in 2021, an increase of 8 percent compared to the same period in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/501014088/cambodia-exports-over-366000-tonnes-of-rubber-in-2021/
Trade with UK dips 10.5% to $785M
Bilateral trade between Cambodia and the UK reached more than $785 million in 2021, down by more than 10.48 per cent year-on-year, according to the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/trade-uk-dips-105-785m
Cambodia-Thailand trade tops $7.97 billion last year
The bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before. Figures from Thailand’s Commerce Ministry showed that Cambodia exported $894 million worth of goods to Thailand, a year-on-year decrease of 22.10 percent. ...
Chea Vanyuth
https://www.khmertimeskh.com/501012634/cambodia-thailand-trade-tops-7-97-billion-last-year/
China talks for ‘pra’ fish exports kick off
The process to open market access for exporting Cambodian “pra” varieties of shark catfishes to China has begun in earnest, after officials from the two countries kicked off formal phytosanitary talks, far earlier than expected. ...
Hin Pisei
https://www.phnompenhpost.com/business/china-talks-pra-fish-exports-kick
Mango exports surge 146% to 265K tonnes in 2021
The Kingdom exported nearly 265,230 tonnes of fresh mangoes and mango products in 2021, up by 146.3 per cent year-on-year, of which the Vietnamese market absorbed just under 199,636.7 tonnes, according to Ministry of Agriculture, Forestry and Fisheries data. ...
Hin Pisei
https://www.phnompenhpost.com/business/mango-exports-surge-146-265k-tonnes-2021
Kep-Koh Tonsay Tourism Port open
The Kep-Koh Tonsay Tourism Port, a pier on mainland Kep town replacing an old one, was inaugurated on January 19, and is expected to greatly benefit the provincial economy, and go a long way to support the local tourism, agriculture and fisheries sectors. ...
Hom Phanet
https://www.phnompenhpost.com/business/kep-koh-tonsay-tourism-port-open
Kingdom-Japan trade groups to step up cooperation
he Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two nations. ...
Nov Sivutha
https://www.phnompenhpost.com/business/kingdom-japan-trade-groups-step-cooperation
China buying frenzy bolsters fresh banana exports in 2021
Cambodia exported 423,168.97 tonnes of fresh bananas last year, up by 27.02 per cent over 2020, valued at $4,323,719,300, according to preliminary data from the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Agriculture (GDA). ...
Hom Phanet
https://www.phnompenhpost.com/business/china-buying-frenzy-bolsters-fresh-banana-exports-2021
Kingdom to further strengthen agricultural ties with China
Even as more investments from Chinese companies pour into Cambodia and cooperation in the field of agriculture increases, Cambodian agricultural products are expected to be promoted in more international markets, especially the Chinese market. ...
Anthony McGonigle
https://www.khmertimeskh.com/501009473/kingdom-to-further-strengthen-agricultural-ties-with-china/
Mixed emotions as EU revokes import tariffs on long grain Cambodian rice
With the EU rolling back import tariffs on long grain white rice from Cambodia and Myanmar, market participants expect a rise in shipments from Cambodian exporters who were however still skeptical due to continued high freight rates. ...
Khmer Times Staff
https://www.khmertimeskh.com/501009558/mixed-emotions-as-eu-revokes-import-tariffs-on-long-grain-cambodian-rice/
Cassava exports up nearly 22.1%
The Kingdom exported 2,793,729.92 tonnes of cassava in 2021, up by nearly 22.1 per cent from a year earlier, as industry players note that domestic wholesale prices of the tubers remain elevated compared with average 2020 rates. ...
Hom Phanet
https://www.phnompenhpost.com/business/cassava-exports-nearly-221
2021 Korea trade tops $965M
Bilateral trade between Cambodia and South Korea reached $965.132 million last year, a 9.015 per cent surge from $885.322 million in 2020, according to data from the Korea International Trade Association (Kita). ...
Hin Pisei
https://www.phnompenhpost.com/business/2021-korea-trade-tops-965m
Best operating costs in Kingdom: TMX
Cambodia has the lowest operating costs among nine countries in Asia that are recognised as major manufacturing hubs, according to Asia-Pacific business transformation consultancy TMX. ...
May Kunmakara
https://www.phnompenhpost.com/business/best-operating-costs-kingdom-tmx
Processed cashew nut export to Japan to hit new high
Chey Sambo Cashew Nut Processing Handicraft in Kampong Thom province has planned to scale up the amount of processed cashew nuts for exports to Japan this year, after experiencing successful exports last year, which resulted in huge support in the Japanese market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501007944/processed-cashew-nut-export-to-japan-to-hit-new-high/
Ministry, Swisscontact ink MoU on SME e-commerce
The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry. ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-swisscontact-ink-mou-sme-e-commerce
Textiles, garments, footwear and travel products and bags are the key pillars of Cambodia’s exports
The Minister of Labor and Vocational Training, Dr. Ith Sam Heng, said that the export of textiles, garment, footwear and travel products and bags sectors are the key sector for the Cambodian economy and remain as the country’s most important export sector, with annual growth ...
Khmer Times Staff
https://www.khmertimeskh.com/501007751/textiles-garments-footwear-and-travel-products-and-bags-are-the-key-pillars-of-cambodias-exports/
Trade with Japan extends growth in 2021Cam
Bilateral trade volume between Cambodia and Japan topped $1.700 billion in 2021, marking a small increase of 0.49 per cent from more than $1.692 billion a year earlier, according to preliminary data from the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/trade-japan-extends-growth-2021