Economy and commerce
Trade
Meat producers told to shape up
The government will not consider further reductions of import quotas for live pigs, nor will it ban imports of the livestock, a high-ranking official at the Ministry of Agriculture, Forestry and Fisheries (MAFF) recently said, adding that companies in the meat industry should rethink their ...
Sok Chan
http://www.khmertimeskh.com/5094594/meat-producers-told-shape/
Local officials given power to issue ag origin certificates
In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/local-officials-given-power-issue-ag-origin-certificates
Illegal imports hogging local market for pigs, say farmers
Cambodian pig farmers are facing a mounting crisis as the price of pigs has continued to plummet, with many blaming local officials for allowing Vietnam to illegally import pigs across the border, representatives from a farmers association said at a press conference yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/illegal-imports-hogging-local-market-pigs-say-farmers
Don’t punish us: employers
The Garment Manufacturers Association in Cambodia has called on international buyers to continue ordering clothes and textile products made in the country over fears the US and the EU could halt preferential treatment for Cambodian exports. ...
Mom Kunthear
http://www.khmertimeskh.com/5093735/dont-punish-us-employers/
South Korea set to import mangoes
South Korea wants to host more migrant workers and increase agricultural imports from Cambodia, including mangoes, a meeting between the outgoing ambassador and National Assembly president Heng Samrin revealed yesterday. ...
Khy Sovuthy
http://www.khmertimeskh.com/5093482/south-korea-set-import-mangoes/
Government creates logistics council to help sector stay competitive in the region
The Cambodian government recently laid out the framework for the creation of a National Council of Logistics, a specialised interministerial team designed to tackle the high costs of the Kingdom’s logistics sector to promote the efficient flow of exports, according to a royal decree issued ...
HAGL goes bananas with fruit exports
Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) has shipped a total of over 9,000 tonnes of Cambodian bananas destined for the Chinese market since the firm first started exporting in July, a company representative said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/hagl-goes-bananas-fruit-exports
Amru, Thai firm sign cassava agreement
Amru, Cambodia’s leading rice miller and exporter, on Friday signed a deal with Thai Starch Company to supply 8,000 tonnes of fresh organic tapioca and the first exports will be in early 2019. ...
Sok Chan
http://www.khmertimeskh.com/5091169/amru-thai-firm-sign-cassava-agreement/
EBA scheme in jeopardy after CNRP ruling
In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/access-eba-scheme-jeopardy-after-cnrp-ruling
Concerns raised over sanctions
The repercussions of last week’s political moves in Cambodia when the Supreme Court dissolved the main opposition party has left many wondering what the repercussions will be for local businesses. ...
May Kunmakara
http://www.khmertimeskh.com/5091091/concerns-raised-sanctions/
High times for Kampot pepper
The Kampot Pepper Promotion Association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. ...
Chea Vannak
http://www.khmertimeskh.com/5090531/high-times-kampot-pepper/
Bangladesh rice deal shelved
Cambodia has failed to finalise the terms of a massive 250,000-tonne delivery of rice to Bangladesh, with industry insiders claiming that shipments have been cancelled as millers do not currently have the stockpiles to meet export demand while hopes for further negotiations appear to be ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bangladesh-rice-deal-shelved
Walmart deal boosts garment industry
The US multinational Walmart has said it will buy more garment, footwear and luggage products from Cambodia next year due to increased capacity from suppliers and improved labour conditions in the country. ...
Chea Vannak
http://www.khmertimeskh.com/5089512/walmart-deal-boosts-garment-industry/
Garment exports to slow
Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...
Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/garment-exports-slow
India health sector aims to bring in Cambodian patients
Indian companies in the pharmaceutical and health care sector are seeking to enhance their footprint in the Kingdom by extending beyond pharmaceutical trade through state financing that could establish a direct link to bring Cambodian medical tourists to the subcontinent. ...
Hor Kimsay
http://www.phnompenhpost.com/business/india-health-sector-aims-bring-cambodian-patients
Assembly gives thumbs up to anti-dumping measures
The National Assembly yesterday passed a trade remedy law that aims to protect and help local and foreign businesses by introducing anti-dumping measures that prevent the “dishonest” import of goods and produce from neighbouring countries, according to a press release. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/assembly-gives-thumbs-anti-dumping-measures
Rice exports grow on strength of China quota
Cambodian rice exports increased nearly 17 percent during the first nine months compared to the same period last year, with exporters pushing to fill orders under China’s higher import quota as European markets remained steady. ...
Post Staff
http://www.phnompenhpost.com/business/rice-exports-grow-strength-china-quota
Cambodia asks for GSP status
Representatives from trade unions and employers associations will put forward a request to the European Union and the United States to consider extending preferential treatment – also known as the Generalized System of Preferences (GSP) – for a number of Cambodian products. ...
May Kunmakara
http://www.khmertimeskh.com/5084793/cambodia-asks-gsp-status/
Economy still on track: World Bank
Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election. ...
Kali Kotoski
http://www.phnompenhpost.com/business/economy-still-track-world-bank
Economic changes needed, says ADB
A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ...
May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/
Terms settled on deal to supply rice to Bangladesh: CRF
Cambodia and Bangladesh have finalised terms on a massive rice deal that could see up to 1 million tonnes of rice purchased from the Kingdom over the next five years, with the first shipment due to begin by November, a source close to the deal ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/terms-settled-deal-supply-rice-bangladesh-crf
Official exchange rate launched for yuan, riel
The National Bank of Cambodia (NBC) and the People’s Bank of China in the autonomous Guangxi region of southern China have launched an official yuan-riel exchange rate that allows businesses and individuals to conduct trade settlement activities without using the US dollar as an intermediary ...
Hor Kimsay
http://www.phnompenhpost.com/business/official-exchange-rate-launched-yuan-riel
Cambodia’s ties with US frayed, says official
n a speech to 65 senior government officials yesterday, Cambodia’s acting foreign affairs minister said this month had been “the worst” so far in the history of Cambodia-US relations. “Our relationship seems to be difficult,” said Ouch Borith, who is second-in-command at the Foreign Affairs Ministry. ...
Ben Sokhean
http://www.phnompenhpost.com/national/cambodias-ties-us-frayed-says-official
Cambodia, Bangladesh to strengthen trade
Cambodia and Bangladesh are seeking to strengthen cooperation on trade and enhance and expand trade and business partnerships via a deal which will be signed in October. ...
Chea Vannak
http://www.khmertimeskh.com/5083529/cambodia-bangladesh-strengthen-trade/