Trade

Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more  imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...

Cambodian rice exports to international markets grew sharply by more than 21 per cent in the first two months of this year despite fears of the Covid-19 pandemic causing global concern. ...

The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...

The General Department of Customs and Excise (GDCE) said its 2020 revenue will take a hit from the outbreak of the novel coronavirus in China. The department is unlikely to meet revenue goals for 2020 as import-export activity in the Kingdom slows down due to the ...

Prime Minister Hun Sen yesterday urged Chinese Ambassador Wang Wentian to look into the possibility of exporting raw materials by air and sea to the Kingdom in order to prevent job losses resulting from a suspension in the operation of garment factories. ...

Cambodia and Indonesia plan to host a Trade and Investment Forum early in June in an effort to attract more Indonesian investors to the Kingdom. The plans were revealed after a meeting between Indonesian Ambassador to Cambodia Sudirman Haseng and Minister of Industry, Science, Technology and ...

Prime Minister Hun Sen says he wants the nation to have many trade agreements with different partners to diversify its economic partners and attract more foreign direct investment. ...

The Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries.   ...

Southeast Asian suppliers from Cambodia, Myanmar and  Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.​ However, these suppliers now face a supply ...

In the wake of concerns about the detrimental impact of the European Commission’s partial EBA withdrawal on Cambodia’s rice export industry, there is positive news. As the country’s most important crop, around 600,000 tonnes of jasmine and fragrant rice are exported every year, according to the ...

Cambodia exported 27,445 tonnes of rubber worth $40 million in the first month of the year, up 17 per cent compared to the same period last year, Ministry of Agriculture, Forestry and Fisheries official Khuon Phalla told The Post on Thursday.​ ...

Shipments of goods between the Kingdom and China are declining amid the Covid-19 outbreak, according to local logistics experts. SHA Transport Express CEO Khut Saroeun told The Post that there has been a 10 per cent drop in import-export activity between the two economies. ...

The Ministry of Agriculture, Forestry and Fisheries has announced that rice exporters and agro-product exporters can now attain sanitary and phytosanitary certificates at one window service centres to streamline the process. The ministry’s decision was made after a Cambodia Rice Federation proposal last week. ...

The loss of trade preferences in Europe would be more than offset if Cambodia manages to enter a free trade agreement (FTA) with China, said Cambodian Chamber of Commerce (CCC) president Kith Meng. Meng on Tuesday said landing an FTA with the second-largest economy in the ...

Prime Minister Hun Sen on Tuesday reiterated that the Kingdom’s projected economic growth of 6.5 per cent will be hit hard by the Coronavirus outbreak, and not because of the EU’s partial withdrawal of the ‘Everything But Arms’ (EBA) scheme. ...

Cambodia’s ranking has slightly improved in this year’s global index of emerging logistics markets, rising one notch compared with the same survey last year from 42 to 41 among 50 countries included in the study. ...

While Cambodia accepts the European Commission’s recommendation for the partial suspension of the Kingdom’s Everything-but-arms (EBA) trade status, Prime Minister Hun Sen said the European Union should also respect the Kingdom’s stance. ...

The Garment Manufacturers Association in Cambodia (GMAC) has expressed disappointment at the European Commission’s (EC’s) recent decision to suspended one-fifth of the Everything But Arms (EBA) scheme awarded to Cambodia. ...

Fresh bananas are still being exported to the Chinese market. However, fresh mangoes to the South Korean market have been badly hit by the Noval Coronavirus effect on fresh fruit markets.​ ...

Cambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft. ...

Cambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China. ...

Cambodia, as well as Laos, Myanmar and Vietnam, are being encouraged to improve their production chains to provide added value to their textile products exported to Japan. The call came at a Phnom Penh workshop for representatives from Cambodia, Lao, Myanmar and Vietnam (CLMV) on ...

The Cambodian Chamber of Commerce and other business chambers including the Malaysian Business Council of Cambodia, European Chamber of Commerce in Cambodia and American Chamber of Commerce in Cambodia have expressed their regret over the recommendation by the European Commission to partially withdraw the Everything ...

Cambodia’s exports to the US were worth more than $5 billion last year, a sharp year-on-year increase. The latest data from the US trade office shows that Cambodian exports to the world’s largest economy skyrocketed last year, growing by 40 per cent to reach $5.36 billion. ...