Economy and commerce
Trade
Rice exports to China still under last year’s quota: CRF
China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...
Sok Chan
https://www.khmertimeskh.com/50664440/rice-exports-to-china-still-under-last-years-quota-crf/
FTA with South Korea would improve Cambodia’s competitiveness: exporters
Cambodian exporters are hopeful that a free trade agreement with South Korea will boost trade between the nations and attract more investment into the Kingdom. Chang Hoon Lee, managing director of Korean exporter Hyundai Agro, said the move is a positive development. A free-trade pact ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50664297/fta-with-south-korea-would-improve-cambodias-competitiveness-exporters/
Cambodia and S.Korea closer to signing FTA
The agreement to conduct the study was signed between South Korea’s Trade Minister Yoo Myung-hee and Cambodian Commerce Minister Pan Sorasak in the Korean city of Busan, where a two-day Asean summit is being held. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50663999/cambodia-and-s-korea-closer-to-signing-fta/
Garment, travel goods exports will stay strong, says minister
Minister of Commerce Pan Sorasak on Thursday expressed his optimism that garment, textile, footwear and travel goods exports will continue to enjoy strong growth over the next few years. He cited better working conditions and labour compliance as the main drivers of the Kingdom’s industrial ...
PM wants more trade, investment with Pakistan
Prime Minister Hun Sen on Wednesday urged Pakistan to boost trade and investment between the two countries. The appeal was made during a meeting with Deputy Speaker of the National Assembly of Pakistan Qasim Khan Suri at the Peace Palace in Prampi Makara district’s Mittapheap commune ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-wants-more-trade-investment-pakistan
Garment, textile, footwear exports nearly $8B in Q1-Q3
Cambodia exported more than $7.97 billion worth of garment, textile and footwear (GTF) products in the first nine months of this year, up 13.18 per cent year-on-year from $7.044 billion, a report from the Ministry of Economy and Finance’s General Department of Customs and Excise ...
Thou Vireak
https://www.phnompenhpost.com/business/garment-textile-footwear-exports-nearly-8b-q1-q3
Minister wants better business relationship with Hunan province
Minister of Public Works and Transport Sun Chanthol on Tuesday called on China’s Hunan province to promote bilateral trade, cooperation and investment, and seize opportunities in many potential sectors. He was speaking at the Hunan Investment Promotion and Machinery Expo in Phnom Penh on Tuesday to ...
May Kunmakara
https://www.phnompenhpost.com/business/minister-wants-better-business-relationship-hunan-province
Everything But Arms: EU close to suspending Cambodia’s trade preferences
The EU slammed the government for the dire human rights situation in the Southeast Asian country, giving it a one-month deadline to respond to a preliminary report on suspending trade preferences before deciding whether to go ahead with the plan. Brussels has warned Phnom Penh ...
EU Bulletin
https://www.eubulletin.com/10398-everything-but-arms-eu-close-to-suspending-cambodias-trade-preferences.html
PM confident EBA outcome will not impact Kingdom
As the government reviews a European Commission preliminary report on whether Cambodia should retain its Everything-but-Arms preferential trade status, Prime Minister Hun Sen has said that the Kingdom has strong financial foundations to sustain itself with or without the EBA. “Someone said we will suffer ...
Ben Sokhean
https://www.khmertimeskh.com/50660990/pm-confident-eba-outcome-will-not-impact-kingdom/
Thailand boosting rubber exports a concern
Rubber growers and exporters have expressed concern that prices will continue to fall as Thailand seeks to boost its natural rubber exports, industry insider Men Sopheak said. In March, the International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia and Malaysia, agreed to reduce rubber ...
Thou Vireak
https://www.phnompenhpost.com/business/thailand-boosting-rubber-exports-concern
Exports of footwear and travel goods buoyed by tariff privileges
Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-footwear-and-travel-goods-buoyed-tariff-privileges
Cambodia imports 5,000 tonnes of Indian salt
Cambodia imported about 5,000 tonnes of salt from India amid a shortage of stock, Salt Producers Community of Kampot-Kep (SPCKK) co-president Bun Baraing said on Sunday. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-imports-5000-tonnes-indian-salt
China’s rice imports from Kingdom on the rise
China imported 40 percent more rice from Cambodia from January to October this year over the same period last year, according to government data. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50659992/chinas-rice-imports-from-kingdom-on-the-rise/
Experts from Asean gather to discuss upcoming Competition Law
The Competition Law, a piece of legislation deemed crucial in the digital economy, will be completed early next year, Commerce Minister Pan Sorasak said yesterday. ...
Sok Chan
https://www.khmertimeskh.com/50659995/experts-from-asean-gather-to-discuss-upcoming-competition-law/
Cambodian exports to Japan up 8.4 per cent year-on-year
Cambodia exported more than $1.2 billion of products to the Japanese market in the first nine months of this year, up 8.4 per cent on the same period last year, data from the Japan External Trade Organisation (Jetro) shows. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-exports-japan-84-cent-year-year
China a market for fragrant rice
Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...
Hin Pisei
https://www.phnompenhpost.com/business/china-market-fragrant-rice
Kingdom will export one million tonnes of rice by 2022, says CRF
The Cambodia Rice Federation (CRF) has committed to raising the Kingdom’s rice exports to one million tonnes by 2022, its president Song Saran said on Wednesday. The comment was made at the Strategic Plan 2020-2023 Consultation Workshop, which was attended by CRF members, ministry representatives, ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-will-export-one-million-tonnes-rice-2022-says-crf
Export of fishery products sinks in first nine months
Cambodia exported 10,980 tonnes of fishery products in the first nine months of this year – down 0.5 per cent from the same period last year – a Ministry of Agriculture, Forestry and Fisheries report said. The Kingdom exported 7,000 tonnes of fresh fish (60 ...
Hin Pisei
https://www.phnompenhpost.com/business/export-fishery-products-sinks-first-nine-months
Czechs vow support over EBA
The Czech government on Monday pledged to support the Kingdom’s efforts to retain its Everything-but-arms trade status during Prime Minister Hun Sen’s visit to the republic. Mr Hun Sen is on a five-day official visit to Eastern Europe which started on Sunday. He met Czech Prime ...
Ben Sokhean
https://www.khmertimeskh.com/50651403/czechs-vow-support-over-eba/
Kingdom’s rice exports rise 2%
Cambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation (CRF) report said. Rice exports to China increased more than 44 per cent, the report said, while exports to the ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-exports-rise-2
Sar Kheng: Cambodia is still negotiating to keep EBA, GSP status
Minister of Interior Sar Kheng has said that Cambodia is still trying to keep its access to the EU’s Everything But Arms (EBA) agreement and the US’ General System of Preferences (GSP) through negotiations. His remarks came during his mission to Germany from September 24 ...
Cambodia-US Trade Volume Reaches $3B in First Semester of 2019
Within the first seven month of 2019, Cambodia-US trade volume has reached over USD 3 billion, an increase of 29 percent compared to the same period in 2018, which was USD 2.3 billion. ...
Fresh News staff
http://en.freshnewsasia.com/index.php/en/localnews/15347-2019-09-18-04-42-45.html
Cambodia ready to implement UN agreement on paperless trade: gov’t
The government last week said it is ready to implement a regional agreement on paperless trade signed two years ago. In August 2017, Cambodia signed the Framework Agreement on the Facilitation of Cross-border Paperless Trade in Asia and the Pacific. Speaking during a meeting last week ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50641266/cambodia-ready-to-implement-un-agreement-on-paperless-trade-govt/
Ministry reveals informal rice export figures
In the first eight months of the year, Cambodia exported 1.6 million tonnes of paddy rice to neighbouring Vietnam through informal channels, a recent report from the Ministry of Agriculture revealed. That figure is significantly higher than the total amount of milled rice shipped abroad through ...
Chea Vannak
https://www.khmertimeskh.com/50640842/ministry-reveals-informal-rice-export-figures/