Economy and commerce
Trade
Chilli exports up nearly 50%
Cambodia exported 67,547.34 tonnes of chillies in the first seven months of 2021, an increase of nearly 50 per cent year-on-year, according to the General Directorate of Agriculture. ...
Hin Pisei
https://phnompenhpost.com/business/chilli-exports-nearly-50
Rice exports plunge 27 percent but demand from China and Vietnam rises
Cambodia’s overseas rice shipments tumbled 27.3 percent Jan-July, compared with a year earlier. ...
Michael Firn
https://www.khmertimeskh.com/50907302/rice-exports-plunge-27-percent-but-demand-from-china-and-vietnam-rises/
Cambodia and Russia agree to boost bilateral trade and investment
Cambodia and Russia have agreed to boost bilateral cooperation on trade and investment, as the two countries mark the 65-year anniversary of the establishment of diplomatic relations. ...
Chea Vanyuth
https://www.khmertimeskh.com/50906438/cambodia-and-russia-agree-to-boost-bilateral-trade-and-investment/
Agricultural exports rise 87% in first seven months despite rice shipment drop
Cambodia exported nearly $3 billion worth of agricultural products in the first seven months of the year, a rise of more than 87 percent over the same period in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/50906370/agricultural-exports-rise-87-in-first-seven-months-despite-rice-shipment-drop/
Phnom Penh-Sihanoukville Expressway construction works on schedule
According to the Ministry of Public Works and Transport of Cambodia, the construction of the Phnom Penh-Sihanoukville Expressway is progressing smoothly and to date, the project has achieved 63% in terms of overall completion. ...
Khmer Times Staff
https://www.khmertimeskh.com/50905822/phnom-penh-sihanoukville-expressway-construction-works-on-schedule/
Cambodia commits to enhancing the CLV Development Triangle Area
Cambodia has committed to develop the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) in order to contribute to enhancing cross border trade activities and improving the livelihoods of the region’s peoples. ...
Chea Vanyuth
https://www.khmertimeskh.com/50904613/cambodia-commits-to-enhancing-the-clv-development-triangle-area/
Cambodia, China renew pledge for $10B in trade value by 2023
Cambodia and China are committed to increasing bilateral trade to $10 billion by 2023, from $8 billion last year, according to a senior official at the Cambodian Ministry of Commerce. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-china-renew-pledge-10b-trade-value-2023
PM orders temporary ban on imported frozen meat
Prime Minister Hun Sen ordered a temporary ban on imported meat, although details are still forthcoming, according to the Ministry of Agriculture. ...
Chea Vanyuth
https://www.khmertimeskh.com/50904325/pm-orders-temporary-ban-on-imported-frozen-meat/
Cambodia-S. Korea latest trade valued at $451 mn
Bilateral trade between Cambodia and South Korea is growing ahead of a draft bilateral trade agreement expected to be signed and put into effect by the end of this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50903734/cambodia-s-korea-latest-trade-valued-at-451-mn/
Imported meat from India infested with Covid-19 virus
Cambodian customs authorities seized 3 containers of frozen buffalo meat imported from India that contained Covid-19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50902129/imported-meat-from-india-infested-with-covid-19-virus/
Global economic rebound to lift Cambodia’s export and investment
The National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the ...
Khmer Times Staff
https://www.khmertimeskh.com/50901911/global-economic-rebound-to-lift-cambodias-export-and-investment/
Bicycle exports close to$250 million in first semester
Cambodia exported $247.5 million worth of bicycles to foreign markets in the first half of this year, inching down 4.2 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50899597/bicycle-exports-close-to250-million-in-first-semester/
GFT exports increase 0.9% to $4.7B in first six months
The Kingdom exported $4.7214 billion worth of garments, footwear, travel products (GFT) and other finished textile goods in the first half of 2021, up 0.9 per cent year-on-year from $4.6813 billion, according to the General Department of Customs and Excise of Cambodia. ...
Thou Vireak
https://phnompenhpost.com/business/gft-exports-increase-09-47b-first-six-months
Cambodia may gain from Vietnam investing in better infrastructure
A plan to improve transport infrastructure in Vietnam’s Long An province may help the country achieve its stated goal of increasing trade with Cambodia. ...
Michael Firn
https://www.khmertimeskh.com/50898290/cambodia-may-gain-from-vietnam-investing-in-better-infrastructure/
New UK trade rules to profit exporters
The UK government on July 19 launched a consultation on new trading rules designed to stimulate commercial transactions with lower-income nations, including Cambodia. ...
Thou Vireak
https://phnompenhpost.com/business/new-uk-trade-rules-profit-exporters
New trading scheme may help the Kingdom’s exporters, Britain says
Cambodians are being encouraged to take part in the UK government’s public consultation on new trading rules that it says will help countries fight poverty. ...
Michael Firn
https://www.khmertimeskh.com/50897552/new-trading-scheme-may-help-the-kingdoms-exporters-britain-says/
Pig imports fall to 15 percent of demand as more turn to farming
Cambodia is importing less pork as local farmers breed more pigs in order to take advantage of stable and higher prices for the commodity. ...
Michael Firn
https://www.khmertimeskh.com/50897550/pig-imports-fall-to-15-percent-of-demand-as-more-turn-to-farming/
US top Cambodian export destination Jan-June
The US market topped export destinations for Cambodian products during the first six months of 2021 as the two countries confirmed their commitment to continue strengthening bilateral cooperation, especially in the field of trade. ...
Chea Vanyuth
https://www.khmertimeskh.com/50897620/us-top-cambodian-export-destination-jan-june/
Cambodian exports reach $8 billion Jan-June
Cambodia exported $8.201 billion in the first six months of 2021, a 17 percent increase compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/50896757/cambodian-exports-reach-8-billion-jan-june/
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
Korea trade surges 6.2% in Jan-May
Bilateral trade between Cambodia and South Korea in the first five months of 2021 was worth $377.05 million, up by 6.17 per cent year-on-year from $355.11 million, according to data from the Korea International Trade Association (Kita). ...
Hin Pisei
https://phnompenhpost.com/business/korea-trade-surges-62-jan-may
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
SSEZ handles $994M in goods
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) neared the $1 billion mark in the first half of this year, despite a spiralling third wave of coronavirus infections, dubbed the “February 20 community event”. ...
Hin Pisei
https://www.phnompenhpost.com/business/ssez-handles-994m-goods
Full ratification of free trade deal with China is now expected early next year
The free trade agreement (FTA) between Cambodia and China is likely to come into force next year, after winning unanimous support from the National Assembly’s expert committee. The Ministry of Commerce will now submit a draft law to the National Assembly for approval. ...
Michael Firn
https://www.khmertimeskh.com/50891934/full-ratification-of-free-trade-deal-with-china-is-now-expected-early-next-year/