Ministry of Commerce

Delegates gathered at the Cambodia-Fujian Business and Tourism seminar in Phnom Penh yesterday to discuss opportunities for investment in the Kingdom through increased trade in both the energy and garment sector. ...

The government is calling on international buyers to increase investment in the garment and footwear sector and to introduce new technologies to help modernise the industry, according to a senior official from the Ministry of Commerce (MoC). ...

Cambodia and China signed a Memorandum of Understanding (MoU) on Friday to support the development of the Kingdom’s e-commerce business operations. ...

Government officials yesterday called for more private investment in cassava production, arguing it will help boost and diversify Cambodian exports. ...

Minister of Commerce Pan Sorasak has announced that the government will be spearheading a new National Cassava Policy which aims to address challenges in the industry and work towards ensuring a sustainable and resilient crop, strong value chains and greater regional market presence. ...

A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing ...

Cambodia slid further down the rankings of global competitiveness on this year’s Global Competitiveness Report, which showed the Kingdom dropping five notches on the annual index to hold its position as the second least competitive country in Asean after Laos. ...

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 ...

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. ...

Despite a diplomatic row with the United States, the trade relationship between Cambodia and the US remains normal, said the Ministry of Commerce’s spokesperson yesterday. ...

The United Nations Industrial Development Organisation (UNIDO), together with the Ministry of Commerce and the Agriculture Ministry’s fisheries administration, yesterday launched a booklet titled “Fostering Fisheries Value Chain Growth and Competitiveness”. ...

The Ministry of Commerce has committed to joining up with the Thai Embassy in Cambodia to build a favourable business and investment climate between the Asean neighbours. ...

More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday. ...

The Ministry of Commerce yesterday launched a petroleum mobile lab to detect fraud and cheating at petrol stations and ensure fair competition. The lab, under the authority of CamControl, will drive across the country, starting from Phnom Penh. ...

The Minister of Land Management, Urban Planning and Construction yesterday promised to settle land disputes between villagers and sugar companies granted economic land concessions in Kampong Speu, Koh Kong and Preah Vihear provinces. Minister Chea Sophara made the promise after an inter-ministerial meeting at his office ...

Cambodia has suggested that the US review its Generalised System of Preference for Duty-Free and Quota Free (GSP-DFQF) granted to the kingdom, as a less developed country, in order for its exports to have better preferential access to the North American market. ...

A Japanese delegation from Osaka province has expressed its intention to invest in Cambodia’s agriculture sector, after its meeting with Commerce Minister Pan Sorasak. ...

Four ministries are pushing local producers, particularly small and medium sized enterprises (SMEs), to improve their quality, standards and packaging and to provide proper labels on their products to make them more attractive to supermarkets, restaurants and hotels and to boost recognition of local products ...

Royal Government of Cambodia is drawing up strategic plan to promote both the quality and sustainable markets for Cambodia’s pepper. ...

The government has granted a private company an export licence to transport $15 million worth of illegal timber bought at an auction last year to Vietnam, documents show. ...

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. ...

China is expected to purchase 300,000 tonnes of rubber from Cambodia in 2018, according to a commerce ministry statement.​ ...

Cassava prices in Cambodia experienced a sharp drop this month leading to heavy losses for smallholder farmers unable to quickly switch to more profitable crops and recoup their mounting losses, a provincial agriculture official said yesterday. ...

The Ministry of Commerce and other relevant ministries will meet later this month to review progress on the country’s first consumer protection law and formulate a plan to complete the draft legislation, a ministry official said yesterday. ...