Trade

Trade policy and regulation

Japan's Yusen Logistics launches Cambodia to Osaka service

Japan’s Yusen Logistics Co Ltd has announced the launch of less-than-container-load (LCL) services between Cambodia and the western Japanese city of Osaka. The new lane follows the start of the company’s operation in Cambodia earlier this month and boosts its LCL network to 222 lanes, ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmZhNDRhODA1ZDI

New Association to Take on Illegal DVD Sales

The Motion Picture As­sociation of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...

Ben Woods
http://www.cambodiadaily.com/news/new-association-to-take-on-illegal-dvd-sales-48122/

Regional peers urge gov’t to probe deaths

An organisation made up of current and former elected representatives from across Southeast Asia has called on the United Nations to investigate the deaths of two people shot by police during protests over the past three months. In a statement released yesterday, ASEAN Parliamentarians for Human ...

Eddie Morton
http://www.phnompenhpost.com/national/regional-peers-urge-gov%E2%80%99t-probe-deaths

EU Fish Ban Blamed on Cambodian-Flagged Vessels

A ban on imports of Cambodian seafood proposed by the European Commission (E.C.) is in direct response to Cambodian-flagged vessels complicit in illegal fishing in international waters, Jean-Francois Cautain, European Union (E.U.) ambassador to Cambodia, said Wednesday. The E.C. on Tuesday announced that Cambodia was “non-cooperating ...

Denise Hruby
http://www.cambodiadaily.com/news/eu-fish-ban-blamed-on-cambodian-flagged-vessels-48065/

Cambodia's trade with China's Hong Kong up 19 pct in 9 months

Trade between Cambodia and China’s Hong Kong Special Administrative Region has seen a 19- percent growth in the first nine months of the year thanks to robust bilateral trade ties, Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council, said here Wednesday. ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/28/c_132926075.htm

Labor Ministry Says Brands Hold Key to Wages

The minimum wage for garment factory workers can only be raised if international clothing brands sourcing from Cambodia pay more for their products, a Ministry of Labor official said Tuesday. Khieu Savuth, chief of the Ministry of Labor’s labor conflict commission, laid down the challenge a ...

Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/business/labor-ministry-says-brands-hold-key-to-wages-47966/

Cambodia attracts over 879,000 tourists from ASEAN region

For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said.  The figure of tourist arrivals from ASEAN for the ...

The Southeast Asia Weekly Staff
http://www.thesoutheastasiaweekly.com/cambodia-attracts-over-879000-tourists-from-asean-region/

EU to ban fish imports from Belize, Guinea and Cambodia

Fish imports from Belize, Guinea and Cambodia are to be banned from the European Union, and three more countries have been warned their imports are in danger, in the first major sanction against countries that allow illegal fishing operations to carry on under their countries’ ...

Fiona Harvey
http://www.theguardian.com/environment/2013/nov/26/eu-ban-fish-import-belize-guinea-cambodia-illegal-fishing

PPSEZ signs MoU with Tokyo bank

Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...

May Kunmakara
http://www.phnompenhpost.com/business/ppsez-signs-mou-tokyo-bank

H&M pledges living wage for textile workers in Bangladesh and Cambodia

H&M has pledged to pay a living wage to 850,000 textile workers after expressing frustration over a lack of action by governments to address working conditions in Asian factories in the wake of the Rana Plaza disaster. The world’s second-biggest clothing retailer said it would support ...

Sean Farrell
http://www.theguardian.com/business/2013/nov/25/h-m-living-wage-textile-workers-bangladesh-cambodia

‘No Rush’ For Cambodia on Trans-Pacific Trade Agreement, Experts Say

Two ambitious trade negotiations are moving forward in the Asia Pacific, but Cambodia should first pursue a regional partnership before joining in with all of the Asia Pacific, trade experts say. Cambodia should build momentum on the existing Regional Comprehensive Economic Partnership, an Asean-driven agreement, before ...

Khoun Theara
http://www.voacambodia.com/content/no-rush-for-cambodia-on-trans-pacific-trade-agreement-experts-say-cambodia/1794961.html

Accounting, Auditing Crucial in Development, Experts Say

Proper accounting and auditing help promote business opportunity and development, finance experts say. Socheat Chum, a senior associate auditor for KPMG, a professional accounting service, told “New Voices” on Monday that companies with “solid” financial statements will “attract more business partners and be able to borrow ...

Im Sothearith
http://www.voacambodia.com/content/accounting-auditing-crucial-in-development-experts-say/1793321.html

Despite Denials, Levi’s Still Producing at SL Garment Factory

U.S. denim giant Levi Strauss continued to deny this week that its products are linked to the strife-torn SL Garment Factory in Phnom Penh, despite new photographs showing Levi’s trademark jeans stacked on benches at the plant in Meanchey district. The Singaporean-owned factory, which also produces ...

Dene-Hern Chen and Aun Pheap
http://www.cambodiadaily.com/news/despite-denials-levis-still-producing-at-sl-garment-factory-47389/

Cambodia's trade with China up 31 pct in 9 months

The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...

ECNS News Staff
http://www.ecns.cn/business/2013/11-15/88574.shtml

Cambodia's trade with Vietnam reaches 2.7 bln USD in 9 months

Bilateral trade volume between Cambodia and its neighboring Vietnam has hit 2.7 billion U.S. dollars in the first nine months of the year, up 10 percent compared with the 2.45 billion U.S. dollars over the same period last year, a Cambodian trade official said Thursday. Kem ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/14/c_132887645.htm

Cambodia's customs officials urge importers to pay "tax fees, not pay bribe"

Cambodia’s customs officials on Wednesday called on all importers to pay”tax fees as stated by law, not pay bribe”to customs officers. The appeal came after some Chinese importers have complained that Cambodian customs officers have increased tariffs for their imported products, or not allowed their ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/14/c_132886796.htm

Law Aimed at Protecting Local Products Approved

The Council of Ministers has approved a draft law aimed at protecting the patent rights of traditional Cambodian products, which if violated could be met with a fine of up to $5,000 and a five-year jail term. The law on geographical indication (G.I.), a status given ...

Hul Reaksmey and George Styllis
http://www.cambodiadaily.com/news/law-aimed-at-protecting-local-products-approved-46855/

Californian Winery Enters Cambodian Market

California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/californian-winery-enters-cambodian-market-46863/

Cambodian ambassador speaks highly of mutual exchanges with Vietnam

This year, the Cambodian people celebrate their 60th National Day as well as the birthday of the Cambodia Kingdom’s royal army under the bright leadership of King Norodom Sihanouk, who relentlessly struggled against the French colonialists to gain independence (09-11-1953 – 09-11-2013). In 2010, Father ...

Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NTQ0YTNhY2QzOTQ

US Ambassador Advises More Labor Skills as Asean Integrates

US Ambassador William Todd on Thursday urged the Cambodian government to strengthen the skills of its laborers, in order to meet the needs of an integrated Asean in 2015. The 10 Southeast Asian countries that comprise Asean are all moving toward an integrated economic block, which ...

Kong Sothanarith
http://www.voacambodia.com/content/us-ambassador-advises-more-labor-skills-as-asean-integrates/1785729.html

Cambodia's rubber export surges 46 pct in 10 months

Cambodia has seen a 46 percent rise in dry rubber export in the first ten months of 2013 thanks to rising global demand, said the report of the Commerce Ministry on Friday. The country exported 62,915 tons of dry rubber during the January-October period this year, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/08/c_132870615.htm

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