Economy and commerce
Trade
Cambodia exported over 186,000 tonnes of cashew nuts in first 4 months of 2020
Cambodia exported 186,205 tonnes of cashew nut to foreign markets in the first four months of this year, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...
Khmer Times Staff
https://www.khmertimeskh.com/50720899/cambodia-exported-over-186000-tonnes-of-cashew-nuts-in-first-4-months-of-2020/
Kingdom to export fresh food to S. Korea by end of June
Hyundai Agro (Cambodia) will export fresh vegetables and other fresh ingredient from Cambodia to South Korea by the end of June this year, its managing director said. ...
Sok Chan
https://www.khmertimeskh.com/50720708/kingdom-to-export-fresh-food-to-s-korea-by-end-of-june/
US trade up 35% in Q1
Bilateral trade between Cambodia and the United States has been valued at $1.678 billion for the first quarter of 2020, representing a 35 percent increase compared with the same time last year, according to trade data from the US Government. ...
Chea Vannak
https://www.khmertimeskh.com/50720675/us-trade-up-35-in-q1/
Rice exports grew by about 40.5 percent compared with last year
Cambodia’s rice exports to China were 122,094 tonnes (41 percent), to the European Union 97,337 tonnes (32.4 percent), to Asean members 37,428 tonnes (12.5 percent) and to other destinations 43,393 tonnes (14.45 percent). ...
Cambodia’s bilateral trade drops with Vietnam, yet Thailand steady
The two-way trade of Cambodia with Vietnam experienced a decrease during the first quarter of the year caused by the global pandemic. However, the trade volume with Thailand remained steady. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50719618/cambodias-bilateral-trade-drops-with-vietnam-yet-thailand-steady/
Cambodia exported over 2 million tonnes of agri-products in the first four months
The Ministry of Agriculture, Forestry and Fisheries, Veng Sakhon said that the Cambodia’s rice exports to the international market grew by about 40.5 percent in the first four months. ...
All is not well in the garment sector as exports drop by 50 percent in second trimester
Cambodia’s exports of garment and footwear products are expected to drop from 50 to 60 percent due to the impact of COVID-19 crisis during the second trimester of 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/50718827/all-is-not-well-in-the-garment-sector-as-exports-drop-by-50-percent-in-second-trimester/
Coronavirus brings trouble to Cambodia’s garment industry
Hundreds of garment factories in Cambodia and elsewhere in Asia are facing serious financial problems because clothing brands have either canceled their orders or stopped placing new ones over the past several weeks. ...
Khmer Times Staff
https://www.khmertimeskh.com/50718817/coronavirus-brings-trouble-to-cambodias-garment-industry/
Lemongrass from Cambodia to the pots of the world
The update was provided by Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, who said that Cambodia can now export its lemongrass. ...
Khmer Times Staff
https://www.khmertimeskh.com/50718292/lemongrass-from-cambodia-to-the-pots-of-the-world/
Cambodia’s exports to Thailand soar 115 percent
Cambodia’s exports to Thailand skyrocketed in the first three months of this year, although the two countries have faced strict movement of cross-border trade because of the deadly COVID-19 pandemic. ...
Chea Vannak
https://www.khmertimeskh.com/50717339/cambodias-exports-to-thailand-soar-115-percent/
Rice exports to East Timor agreed in principle
Cambodia and East Timor have moved closer to sealing a rice-export deal following a meeting between officials. ...
Chea Vannak
https://www.khmertimeskh.com/50714833/rice-exports-to-east-timor-agreed-in-principle/
Exports through Svay Rieng increase by $237 million
Cambodia’s exports through three Special Economic Zones in Svay Rieng province, which shares a border with Vietnam, have recorded a $237 million rise in the first quarter of 2020. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50713731/exports-through-svay-rieng-increase-by-237-million/
GMAC, other textile associations mount pressure on brands to pay suppliers
Nine business associations in the STAR (Sustainable Textile of Asian Region) Network are calling on buyers to honour their contracts with their suppliers. ...
Khmer Times Staff
https://www.khmertimeskh.com/50713331/gmac-other-textile-associations-mount-pressure-on-brands-to-pay-suppliers/
Exports soar 24% in first two months
Cambodian exports soared 24 per cent year-on-year to $2.563 billion in the first two months of this year, despite the reverberating local and global effects of the Covid-19 pandemic. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-soar-24-first-two-months
Success reported in second round of Cambodia-China free-trade agreement
A senior official of the Ministry of Commerce said negotiations on the free-trade agreement (FTA) between Cambodia and China have achieved about 70 percent success so far and they are expected to sign the agreement by the end of the year. ...
Kingdom casts it export net wider to mitigate exit of major US and EU markets
Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ...
Harrison White
https://www.khmertimeskh.com/50712402/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/
Second round of China FTA talks close
The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/second-round-china-fta-talks-close
Exports to Japan reach $296M
Cambodia exported $296 million of goods to Japan in the first two months of this year, up 2.4 per cent compared to the same period last year, data from the Japan External Trade Organisation (Jetro) shows. Both countries committed to boosting bilateral trade to more ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-japan-reach-296m
Border opening on table
Cambodia and Thailand are in talks to open more border gates to import and export agricultural products after the two countries largely closed their borders amid the Covid-19 pandemic. Held on Tuesday on the Thai side of the border, the Cambodian delegation was led by ...
Long Kimmarita
https://www.phnompenhpost.com/national/border-opening-table
Cambodia must boost agricultural output, says Prime Minister Hun Sen
The prime minister has urged all stake holders involved in the agricultural sector in the country to boost and promote the vital agricultural sector as it will provide food for the country’s people as well as enable exports. ...
Khmer Times Staff
https://www.khmertimeskh.com/710823/cambodia-must-boost-agricultural-output-says-prime-minister-hun-sen/
Cambodia and Japan: $2.3 billion record trade in 2019
Cambodia and Japan’s bilateral trade rose by 13 percent last year to $2,292 million, according to a recent report from the Japan External Trade Organisation (JETRO). ...
Chea Vannak
https://www.khmertimeskh.com/50709857/cambodia-and-japan-2-3-billion-record-trade-in-2019/
Exports of farm goods hit 3m in Q1 this year
Cambodia exported a total of 2,936,992 tonnes of agricultural commodities and products to the international markets during the first quarter of the year. Increasing 20 percent from the same period last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries released ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50708403/exports-of-farm-goods-hit-3m-in-q1-this-year/
Cambodia-U.S trade volume up by 33 percent to US$585 million in January
Bilateral trade between Cambodia and the U.S. were valued at US$585 million in January 2020, up 33 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50708596/cambodia-u-s-trade-volume-up-by-33-percent-to-us585-million-in-january/
Trade across Cambodia-Vietnam border remains stable amid COVID-19 outbreak
Trade activities across the Vietnam- Cambodia border have been maintained despite the halt of entry and exit of citizens and tourists as a measure to curb the spread of the acute respiratory disease caused by the coronavirus SARS-CoV-2 (COVID-19). ...
Khmer Times Staff
https://www.khmertimeskh.com/50707441/trade-across-cambodia-vietnam-border-remains-stable-amid-covid-19-outbreak/