Economy and commerce
Trade
Cambodia-South Korea trade valued at $661 million in first three quarters
Bilateral trade between Cambodia and the Republic of Korea was valued at $661 million in the first three quarters of this year, a year-on-year decrease of 15 percent. ...
Khmer Times Staff
https://www.khmertimeskh.com/50782674/cambodia-south-korea-trade-valued-at-661-million-in-first-three-quarters/
Vietnam border markets on the cards for 2021
Prime Minister Hun Sen has ordered the Ministry of Commerce to work with Svay Rieng and Kampot officials to build two additional border markets in a bid to shore up border trade and enhance cooperation with Cambodia’s neighbour Vietnam. ...
Hin Pisei
https://www.phnompenhpost.com/business/vietnam-border-markets-cards-2021
Exports climb 20% on $14B worth of Cambodian goods
Cambodia exported $14.1 billion worth of goods in the first nine months of this year, up 20.07 per cent from the same period last year, despite Covid-19’s production-chain disruptions and its impact on global demand, the Ministry of Economy and Finance reported. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-climb-20-14b-worth-cambodian-goods
Think tank pushes ACMECS to establish rice association
The independent Phnom Penh-based think tank Asian Vision Institute on Monday called on the five inland ASEAN countries to consider setting up a regional rice-producing association to maintain food security in the region amid Covid-19. ...
May Kunmakara
https://www.phnompenhpost.com/business/think-tank-pushes-acmecs-establish-rice-association
NA passes AJCEP-1st Protocol
The National Assembly on Monday approved the First Protocol to Amend the Agreement on Comprehensive Economic Partnership among Japan and Member States of the Association of Southeast Asian Nations (AJCEP – 1st Protocol). ...
Hin Pisei
https://www.phnompenhpost.com/business/na-passes-ajcep-1st-protocol
Cambodia exports more than 1.5 million bicycles in first nine months
Over 1.5 million units of Cambodian bicycles have been exported to foreign markets as of the third quarter of this year, generating nearly $400 million, according to figures from the Ministry of Commerce. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50779897/cambodia-exports-more-than-1-5-million-bicycles-in-first-nine-months/
Rice exports hindered by a number of factors, says an insider
In 2015, the government set a target for 1 million tonnes of rice exports by 2020. It will miss it this year with an expected 800,000 tonnes and has reset it for next year. ...
Sorn Sarath
https://www.khmertimeskh.com/50779265/rice-exports-hindered-by-a-number-of-factors-says-an-insider/
Cambodia’s rubber export up 21 per cent in first 9 months
Cambodia exported 209,819 tons of dry rubber in the first nine months of 2020, up 21 percent compared to the same period last year, said a General Directorate of Rubber report. ...
Xinhua
https://www.khmertimeskh.com/50778141/cambodias-rubber-export-up-21-per-cent-in-first-9-months/
Nearly 1 million tonnes of milled rice exported to China by Q3
Cambodia has exported nearly 1 million tonnes of milled rice as of the third quarter of 2020, and the figure could reach 1.2 million tonnes in a near future. The record was revealed on Tuesday by the Cambodia Rice Federation, underlining that the export followed ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50778347/nearly-1-million-tonnes-of-milled-rice-exported-to-china-by-q3/
Indo-Pacific trade fair opens
Twenty leading Cambodian companies are set to participate in the third edition of the Indo-Pacific Business Forum (IPBF) on Wednesday to explore the potential business and investment opportunities that are available in the region. ...
May Kunmakara
https://www.phnompenhpost.com/business/indo-pacific-trade-fair-opens
Free-trade deals ‘not necessarily good’
Having more free trade agreements with partner countries is a good deal for Cambodia that currently gets its biggest advantage from trade preferences under its Least Developed Country status. ...
Sorn Sarath
https://www.khmertimeskh.com/50776237/free-trade-deals-not-necessarily-good/
Rice exports ‘unaffected by rain’
Cambodia Rice Federation (CRF) has claimed that the floods, which have had the biggest impact on the agriculture sector, will not hurt the country’s rice exports this year. ...
Sorn Sarath
https://www.khmertimeskh.com/50775239/rice-exports-unaffected-by-rain/
Russia pledges to boost trade ties with Cambodia, to consider debt relief
Newly appointed Ambassador of Russia to Cambodia Anatoly Borovik has pledged to further boost the trade relations and investment between the two countries, which are currently at a low level. ...
Khmer Times Staff
https://www.khmertimeskh.com/50773458/russia-pledges-to-boost-trade-ties-with-cambodia-to-consider-debt-relief/
Cambodia, China sign trade deal
China and Cambodia yesterday signed a free trade agreement (FTA) in Phnom Penh, with Cambodian Prime Minister Hun Sen and visiting Chinese State Councillor and Foreign Minister Wang Yi attending the signing ceremony. ...
Mark Hughes
https://www.khmertimeskh.com/50772642/cambodia-china-sign-trade-deal/
Rubber exports are up but prices still remain elastic
Cambodia exported 179,621 tonnes of rubber in the first nine months of 2020, a jump of 3.78 per cent from the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries. ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-are-prices-still-remain-elastic
Car industry slumps by 30% as purchasing power wanes
The Kingdom’s vehicles business has seen a drop in both sales and imports by an estimated 30 percent because of the impact of COVID-19. Figures from the Ministry of Economy and Finance (MEF) shows that the COVID-19 crisis has caused the country’s imports to fall ...
Sorn Sarath
https://www.khmertimeskh.com/50770579/car-industry-slumps-by-30-as-purchasing-power-wanes/
Government to draft policy to boost pepper value
The government is now drafting a policy on pepper with the intention of scaling up a competitive advantage, attract investors and boost added-value to Cambodian pepper production, according to a senior official at the Ministry of Commerce. ...
Sok Chan
https://www.khmertimeskh.com/50768753/government-to-draft-policy-to-boost-pepper-value/
Six million tonnes of agricultural products exported in first nine months
Cambodia exported a total of 5.8 million tonnes of agricultural products to foreign markets during the first nine months of this year, despite the global COVID-19 crisis. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50769105/six-million-tonnes-of-agricultural-products-exported-in-first-nine-months/
Sihanoukville Special Economic Zone —to Build an International Zone with the Concept of “Win-win”
Data from Cambodia’s custom and excise department shows that from January to August this year, the total number of containers arriving and leaving the Sihanoukville Special Economic Zone (SSEZ) increased by 22.1% compared with the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50767842/sihanoukville-special-economic-zone-to-build-an-international-zone-with-the-concept-of-win-win/
Boost for special economic zones
Cambodia exports via Svay Rieng province-based special economic zones (SEZs) alone reached more than $124.87 million in August, an increase of more than $57 million in July, according to figures from the Ministry of Commerce. ...
Sorn Sarath
https://www.khmertimeskh.com/50765345/boost-for-special-economic-zones/
UK FTA could be on horizon
Cambodia and the UK have vowed to boost their bilateral trade as the Kingdom looks to establish a bilateral free trade agreement with the country. The understanding was made during a meeting between secretary of state of the Ministry of Commerce Sok Sopheak and deputy ...
Thou Vireak
https://www.phnompenhpost.com/business/uk-fta-could-be-horizon
Cambodia-Japan trade reaches $1.1 billion in first seven months
Bilateral trade between Cambodia and Japan was recorded at $1,175 million in the first seven months of this year, inching down 5.7 percent compared to the same period last year. ...
Chea Vannak /AKP
https://www.khmertimeskh.com/50764528/cambodia-japan-trade-reaches-1-1-billion-in-first-seven-months/
Cambodia’s exports continue to face challenges amidst global headwinds
The Kingdom’s export to the international market is under threat although the country has secured regional and global free trade agreements, according to the Ministry of Commerce (MOC). ...
Sorn Sarath
https://www.khmertimeskh.com/50764362/cambodias-exports-continue-to-face-challenges-amidst-global-headwinds/
Cambodia has exported more than 3 million tonnes of agricultural produce
More than 3 million tonnes of Cambodia’s agricultural products were exported as of Sept 11, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...