Trade
Exports
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 ...
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
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
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 has sole objective for US
Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...
Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-has-sole-objective-us
Fresh sand ‘fraud’, claims NGO Mother Nature, as sand numbers between Taiwan and the government appear to be off by more than 1.5M tonnes
More than $30 million in Cambodian sand exports registered by Taiwan appear to be missing from Cambodia’s customs records, according to data from both governments, marking yet another large-scale discrepancy in the Kingdom’s figures on the trade. ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/fresh-sand-fraud-claims-ngo-mother-nature-sand-numbers-between-taiwan-and-government-appear
Japonica field trials
Cambodia is keen to grow Japonica rice and the Ministry of Agriculture is currently conducting field trials to explore the possibility. “We are currently studying how Japonica rice can be grown in the country and it will take three to four years to know the full ...
Chea Vannak
http://www.khmertimeskh.com/5081482/japonica-field-trials/
China seeks rubber imports
China wants to import 300,000 tonnes of rubber from Cambodia by early next year, as the Cambodian government boosts its capacity for direct rubber exports to China. ...
Chea Vannak
http://www.khmertimeskh.com/5081294/china-seeks-rubber-imports/
Government refutes claims over price of Bangladesh rice deal
Cambodian officials and members from the private sector have refuted international media reports that claim the price for rice exports to Bangladesh will be set at $453 a tonne as part of a government-to-government deal that hopes to see 250,000 tonnes of white rice exported ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-refutes-claims-over-price-bangladesh-rice-deal
80-tonne export goal for pepper
Kampot pepper, which received geographical indication (GI) certification from the European Union last year, expects 80 tonnes to go on the export market this year, thanks to demand and increased production. ...
Chea Vannak
http://www.khmertimeskh.com/5078935/80-tonne-export-goal-pepper/
Still no mango exports to South Korea
Cambodia has yet to export mangoes to South Korea despite signing a memorandum of understanding in 2015 with the East Asian country’s Animal and Plant Quarantine Agency, according to a senior official in the Ministry of Agriculture. ...
Sok Chan
http://www.khmertimeskh.com/5078690/still-no-mango-exports-south-korea/
Report shows need for Cambodia to diversify exports
Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...
Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports
Despite ban, timber exports to Vietnam nearing 2016 total
Cambodian timber exports to Vietnam over the first six months of the year have almost surpassed the total amount for all of last year, according to Vietnamese customs data, despite an existing ban on the trade – which one analyst said had “entirely failed” in ...
Shaun Turton
http://www.phnompenhpost.com/national/despite-ban-timber-exports-vietnam-nearing-2016-total
Kingdom courts rice deal with Bangladesh
The Kingdom’s apex rice industry body has been meeting this week to discuss ways of nailing down a potentially massive deal with Bangladesh, which earlier this month inked a memorandum of understanding to purchase 1 million tonnes of Cambodian rice over the next five years. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/kingdom-courts-rice-deal-bangladesh