Ministry of Commerce

A Cambodian company is teaming up with a Thai investment partner to spend $100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. ...

Officials in Cambodia and China’s Guangdong province are cooperating to establish trade using yuan instead of US dollars, part of the two countries’ increasingly close economic relationship. The suggestion to use yuan directly, instead of using US dollars as an intermediary currency, was made by ...

Rice authorities in the kingdom are exploring the possibility of applying for Geographical Indication (GI) status for rice grown in areas around the Tonle Sap Lake.   ...

About 175 families locked in a land dispute with sugarcane plantation companies in Koh Kong province have asked an inter-ministerial group and provincial authorities to speed up the resolution process and end the conflict. The inter-ministerial working group responded saying they would settle the land dispute ...

Construction began yesterday on a $2 million Vietnamese-funded market located in Tbong Khmum province’s Memot district, about 1 kilometre from the nearest border crossing between Cambodia and Vietnam. ...

During a meeting with Chinese Premier Li Keqiang yesterday, Prime Minister Hun Sen asked China to increase imports of Cambodian sugarcane. The officials met in Phnom Penh’s Peace Palace yesterday. ...

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...

Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

The Commerce Ministry yesterday announced a 19 percent surge in exports for the year and a quadrupling of revenue collected from import licence fees, but would not provide analogous figures for total imports or explain what could be driving the increases. According to the ministry’s annual ...

Transparency International Cambodia yesterday released its first Business Integrity Country Agenda assessment report, aimed at reducing corruption and improving the overall business environment in the country. ...

As Cambodia continues its impressive economic development and reaches higher stages of industrialisation and social well-being, there is an urgent need to prepare for future cutbacks in international development assistance, the Commerce Minister said on Friday. ...

With Prime Minister Hun Sen publicly daring Western countries to impose sanctions in response to the recent dissolution of the country’s main opposition, the minister of commerce has quietly expressed concern at the staggering customs bill Cambodia would incur should the EU suspend its preferential ...

A group of farmers and NGOs asked the government to help small-scale farmers at the 7th National Farmer Forum held at Chenla Theatre in Phnom Penh yesterday. The main issues raised were that of water supplies, capital funding, and export of products. The farmers also said ...

The Cambodia Import-Export Inspection and Fraud Repression Directorate General (Camcontrol) opened a new laboratory in Preah Sihanouk province on Wednesday to monitor food and ensure its safety. ...

In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...

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. ...