Economy and commerce
Trade
Cambodia, Canada strengthen bilateral cooperation in garment sector
H.E. Ok Boung, Secretary of State at the Ministry of Commerce, held a discussion with H.E. Ms. Pottie Donica, Canadian Ambassador to Cambodia, on bilateral trade relations, mainly in garment sector, at the ministry office on Monday afternoon, said the ministry’s news release. ...
So Sophavy
http://www.akp.gov.kh/?p=107430
Exports to US bounce back on revised GSP
Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-bounce-back-revised-gsp
Tainted chicken seized at border
Over 1,500 kilograms of poor quality chicken bones and other tainted goods imported from Thailand have been seized and destroyed by Camcontrol officials in Banteay Meanchey and Battambang province this week. ...
Pech Sotheary
http://www.khmertimeskh.com/5077495/tainted-chicken-seized-border/
Growth spurt of exports to Japan weakens in H1
Growth of exports to Japan slowed during the first half of 2017, marking the lowest half-year growth rate in nearly a decade, newly released data from Japan’s development agency show. ...
Hor Kimsay
http://www.phnompenhpost.com/business/growth-spurt-exports-japan-weakens-h1
Bananas find export appeal
Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bananas-find-export-appeal
Rice deal cooking with Bangladesh
Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-deal-cooking-bangladesh
CNRP MP seeks clarity on sand-dredging ban
Opposition lawmaker Son Chhay yesterday submitted a letter to National Assembly President Heng Samrin to forward to Minister of Mines and Energy Suy Sem requesting more information on sand-dredging operations and a sand-processing facility in Koh Kong province, following a recent ban on exports from ...
Yesenia Amaro and Phak Seangly
http://www.phnompenhpost.com/national/cnrp-mp-seeks-clarity-sand-dredging-ban
Garment sector’s lackluster results
Cambodia’s garment exports grew slower than expected by about 4 percent in the first half of the year compared with 9 percent in the same period last year while foreign investment in the sector fell by 30 percent, according to a report released by the ...
Sok Chan and Sum Manet
http://www.khmertimeskh.com/5074380/garment-sectors-lackluster-results/
NGO report finds banned exports of logs to Vietnam still increasing
The ostensibly-outlawed export of logs to Vietnam increased in May, while the trade in sawn timber, also supposedly banned, remained substantial, new Vietnamese customs data shows. ...
Shaun Turton
http://www.phnompenhpost.com/national/ngo-report-finds-banned-exports-logs-vietnam-still-increasing
Decree puts riel prices into focus
The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency. ...
Hor Kimsay
http://www.phnompenhpost.com/business/decree-puts-riel-prices-focus
Rubber exports bounce higher
Cambodian rubber exports surged 37 percent during the first half of the year, compared to the same period in 2016, as the Kingdom’s rising harvest capacity coincided with firmer global demand for rubber products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-bounce-higher
Cambodia, Myanmar cooperation
Cambodia and Myanmar have agreed to further enhance trade between the two countries by encouraging investment from small and medium enterprises and exchanging agricultural products, according to the Ministry of Foreign Affairs and International Cooperation. ...
Sum Manet
http://www.khmertimeskh.com/news/40333/cambodia--myanmar-cooperation/
China’s appetite driving rice export growth as demand continues to outstrip supply
Cambodian rice exports increased marginally during the first half of the year as export companies push to fulfill higher quotas destined for China. Rice exports totalled 288,562 tonnes in the first six months of the year, an increase of 7.6 percent compared to the same time ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/chinas-appetite-driving-rice-export-growth-demand-continues-outstrip-supply
Lancang-Mekong expo kicks off in Phnom Penh
The Lancang-Mekong Cooperation’s economic and technology exhibition 2017 kicked off yesterday in Phnom Penh to enhance trade and investment between China and Cambodia, plus other Mekong countries. ...
Chea Vannak
http://www.khmertimeskh.com/news/40332/lancang-mekong-expo-kicks-off-in-phnom-penh/
China to buy more Cambodian rubber
China is expected to purchase 300,000 tonnes of rubber from Cambodia in 2018, according to a commerce ministry statement. ...
Sum Manet
http://www.khmertimeskh.com/news/40122/china-to-buy-more-cambodian-rubber/
More mangoes going to France under deal
Mong Reththy Group (MRG), the Kingdom’s largest agro-industrial conglomerate, has secured a deal to export additional volumes of locally grown mangoes to France, the company announced yesterday on its Facebook page. ...
Post Staff
http://www.phnompenhpost.com/business/more-mangoes-going-france-under-deal
UK to maintain Cambodia’s duty-free access
The British government has attempted to assuage the fears of least developed countries (LDCs) including Cambodia by assuring them that they will retain their trade privileges to the United Kingdom following the country’s exit from the European Union ...
Kali Kotoski
http://www.phnompenhpost.com/business/uk-maintain-cambodias-duty-free-access
Partnership to lift rice standards in Kingdom
The International Finance Corporation and Amru Rice, one of Cambodia’s biggest rice exporters, launched a new partnership yesterday to improve the competitiveness of the Kingdom’s rice sector, according to a press release. ...
Post Staff
http://www.phnompenhpost.com/business/partnership-lift-rice-standards-kingdom
Shaky outlook for black pepper
The rapid expansion of pepper cultivation in Cambodia coincides with the spice’s plummeting world prices, creating concerns that the glut of pepper ripening on vines across the Kingdom could further erode next season’s market prices and push the sector toward a collapse. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/shaky-outlook-black-pepper
Kingdom asks WTO to share trade information
Cambodian Minister of Commerce Pan Sorasak put forward a proposal last week requesting that the World Trade Organization (WTO) share information of bilateral and regional trade agreements with all its members to help smaller economies integrate into global trade markets. ...
Post Staff
http://www.phnompenhpost.com/business/kingdom-asks-wto-share-trade-information
Row over illegal livestock trade
The Agriculture Ministry has said it can’t control illegal imports of livestock from neighbouring countries, arguing customs officials must take responsibility for the issue. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/39216/row-over-illegal-livestock-trade/
Customs recorded less than 1% of Singapore sand imports
Cambodia’s customs department counted less than 1 percent of the sand Singapore reported importing from Cambodia last year, according to trade statistics. The new data is the latest addition to a more than 77 million ton gap from 2007 to last year that the governments ...
Ben Paviour
https://www.cambodiadaily.com/news/customs-recorded-less-than-1-of-singapore-sand-imports-130663/
Garment exports surge up EU list
Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/garment-exports-surge-eu-list
Competition, economic status leave garment sector at risk
Cambodia’s upgrade to lower-middle income status and looming competition from an E.U.-Vietnam trade deal pose major risks to the country’s garment and footwear export industry, a European business representative said on Thursday. ...
Hang Sokunthea
https://www.cambodiadaily.com/second2/competition-economic-status-leave-garment-sector-risk-130460/