Economy and commerce
Trade
Oz study plants roots for nine crops
The Cambodia-Australia Agricultural Value Chain (Cavac) programme on August 25 released a study identifying nine high-value crops with strong export potential in China, the EU, ASEAN, Australia and New Zealand. ...
Thou Vireak
https://www.phnompenhpost.com/business/oz-study-plants-roots-nine-crops
Trade deficit with Korea widens 43%
Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-deficit-korea-widens-43
Vietnam biggest buyer of Cambodia’s mangoes
Cambodia exported 140,000 tons of fresh mangos, or 86.8 percent of its total exports of the fruit, to Vietnam in the first seven months of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50921620/vietnam-biggest-buyer-of-cambodias-mangoes/
Ministry of Agriculture calls for investments in Longan processing
Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/50920608/ministry-of-agriculture-calls-for-investments-in-longan-processing/
Programme promotes India-Mekong Sub-region cross-border trade
A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Cambodia, Vietnam, India and Thailand on August 19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50920281/programme-promotes-india-mekong-sub-region-cross-border-trade/
Thailand expected to open door to Cambodian longan
Cambodia expects Thailand to allow Pailin longan imports into its market as usual, after China on August 17 partially lifted a ban on Thai longan that it imposed four days earlier over contamination with mealybugs. ...
Thou Vireak
https://www.phnompenhpost.com/business/thailand-expected-open-door-cambodian-longan
RCEP is key to post-pandemic recovery here
As a member of the world’s largest trade deal, Cambodia’s post-pandemic economic reality is likely to be forged by the 15-nation deal that will encompass about 30 percent of global gross domestic product, according to experts. ...
Husain Haider
https://www.khmertimeskh.com/50918763/rcep-is-key-to-post-pandemic-recovery-here/
Four firms pushing to fatten pig imports to meet demand
Four live pig importers submitted a joint letter to the ministries of Economy and Finance, and Commerce requesting a tender in principle to bring in hogs from abroad to better cover domestic market demand. ...
Thou Vireak
https://www.phnompenhpost.com/business/four-firms-pushing-fatten-pig-imports-meet-demand
Ministry seeks feedback on UK trade rules
The Ministry of Commerce seeks to engage the involvement of all exporters in the consultation process of drafting a mechanism that will serve as a benchmark for Cambodian commercial exports to the UK. ...
Thou Vireak
https://www.phnompenhpost.com/business/ministry-seeks-feedback-uk-trade-rules
‘Hasten longan export to China’
Longan plantation owners in Pailin province have called on the government to expedite the proposed agreement with China on the direct export of the fruit to the country. ...
Son Minea
https://www.khmertimeskh.com/50917990/hasten-longan-export-to-china/
Cambodia-Japan trade surges in first half of 2021 to $1.1 billion
Bilateral trade between Cambodia and Japan increased in the first half of this year, recovering from last year, which was hit hard by the pandemic. ...
Chea Vanyuth
https://www.khmertimeskh.com/50917490/cambodia-japan-trade-surges-in-first-half-of-2021-to-1-1-billion/
Cambodia-Japan trade tops $1.1B in first half
Trade between Cambodia and Japan reached $1.10977 billion in the first half of 2021, up 9.57 per cent year-on-year from $1.01281 billion, according to data from the Japan External Trade Organisation (Jetro). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-trade-tops-11b-first-half
Australia assists Cambodia in development of new rice variety
The Australian Embassy in Cambodia claimed that it is supporting the development of fragrant rice varieties. The project is aimed at promoting then quality and market of Cambodian rice exports. ...
Khmer Times Staff
https://www.khmertimeskh.com/50917339/australia-assists-cambodia-in-development-of-new-rice-variety/
Exports to US jump more than 37 percent, imports also gain January to July
Cambodia’s exports to the US rose 37.26 percent measured Jan-July. Shipments adding up to more than $3.8 billion were made up mainly of clothing, footwear and travel products. ...
Michael Firn
https://www.khmertimeskh.com/50914249/exports-to-us-jump-more-than-37-percent-imports-also-gain-january-to-july/
Cambodia imports nearly 600 tonnes of Vietnam’s steel
The Kingdom imported 584 tonnes of steel from Vietnam in the first five months of 2021, down 1.5 per cent year-on-year, Vietnamese media outlet VN Express reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-imports-nearly-600-tonnes-vietnams-steel
Farmers propose lower tax on agriculture imports
The Cambodian Farmer Community (CCFC) has asked the government to intervene and solve the high price of agriculture products for poor farmers and lower the tax on agriculture imports and find a way to help farmers produce fertilizers and pesticides locally rather than using all ...
Yin Soeum
https://www.khmertimeskh.com/50913318/farmers-propose-lower-tax-on-agriculture-imports/
SSEZ handles $1.2B in goods
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.185 billion in the first seven months of 2021, an increase of 44.51 per cent year-on-year, the operator reported. ...
Thou Vireak
https://www.phnompenhpost.com/business/ssez-handles-12b-goods
Gia Lai province in Vietnam to boost trade links with Cambodia’s border provinces
Border trade infrastructure between Gia Lai province and Cambodia’s localities sharing the same border line will be developed to promote goods trading and exchange activities under a programme to develop Vietnam’s border trade infrastructure to 2025, with a vision to 2030. ...
Khmer Times Staff
https://www.khmertimeskh.com/50912806/gia-lai-province-in-vietnam-to-boost-trade-links-with-cambodias-border-provinces/
Cashew exports increase 345% in January-July 2021
The Kingdom exported 866,207.77 tonnes of cashew nuts in the first seven months of 2021, a 345.29 per cent year-on-year surge, with Vietnam as the main buyer, the Ministry of Agriculture, Forestry and Fisheries reported. ...
Thou Vireak
https://www.phnompenhpost.com/business/cashew-exports-increase-345-january-july-2021
Kingdom-US trade surges 33% in six months
Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-us-trade-surges-33-six-months
Peppercorn exports soar over 558% in January-July
Cambodia exported more than 22,580.68 tonnes of peppercorn – both geographical indication- (GI) branded Kampot pepper and non-GI cultivars – in the first seven months of 2021, up 558.19 per cent year-on-year, with Vietnam as the top buyer, according to the Ministry of Agriculture, Forestry ...
Thou Vireak
https://www.phnompenhpost.com/business/peppercorn-exports-soar-over-558-january-july
Hospital given rights to import vaccines
The Royal Phnom Penh Hospital has been given the rights by the government to import and control the Pfizer-BioNTech and Moderna Covid-19 vaccines from the United States. ...
Mao Chanvireak
https://www.khmertimeskh.com/50909617/hospital-given-rights-to-import-vaccines/
Cashew, pepper firms have shot to sell products on Alibaba.com
Growers and suppliers of cashew nuts and geographical indication- (GI) certified Kampot pepper will soon have a chance to sell their products to Chinese consumers through the e-commerce platform Alibaba.com, according to the Ministry of Economy and Finance’s Entrepreneurship Development Fund (EDF) on August 3. ...
Thou Vireak
https://www.phnompenhpost.com/business/cashew-pepper-firms-have-shot-sell-products-alibabacom
Multi-purpose port for Kep province
A multi-purpose port is in the pipeline to be built in Kep province that will serve the tourism sector as well as a maritime seaport that will boost the economy and development sector of the province. ...
Chea Vanyuth
https://www.khmertimeskh.com/50908847/multi-purpose-port-for-kep-province/