Trade
Trade policy and regulation
Cambodia’s trade with Malaysia up to USD 400 millions in 2013
Malaysia and Cambodia pledged to promote diplomatic relations, trade and investment in Cambodia. Trade between the both countries increased up to USD 168.72 (154%) in 2009 to USD 428.83 in 2013. Cambodia and Malaysia have cherished good relations on trade and investment. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=NGQ3Y2UxMTNmNTR
Exporters of rice now subject to origin test
Stringent rules to prove that rice exported from Cambodia is actually from Cambodia will be detailed today, according to a copy of a joint agreement between the Ministry of Commerce and industry associations. The Code of Conduct seeks to reassure the European Union that rice is ...
Daniel de Carteret and Chan Muy Hong
http://www.phnompenhpost.com/business/exporters-rice-now-subject-origin-test
Ministries to Help Farmers Hurt by Sugar Plantations
The government on Monday agreed to a comprehensive solution for rural families who have lost their land to well-connected agricultural plantations exporting sugar to the European Union (E.U.) duty free and will meet again early next month to discuss details. The decision was made at a ...
Hul Reaksmey and Zsombor Peter
http://www.cambodiadaily.com/news/ministries-to-help-farmers-hurt-by-sugar-plantations-51971/
Cambodia, Vietnam trade bound to hit 5 bln USD in 2015: PM
Cambodian Prime Minister Hun Sen on Tuesday was optimistic about the country’s steadily growing trade with Vietnam and foresaw that the bilateral trade volume would definitely reach $5 billion by 2015. The two-way trade volume was valued at $3.5 billion last year, up 25 percent year-on-year. Speaking ...
Global Times News Staff
http://www.globaltimes.cn/content/841879.shtml#.UvslvPmSxqU
Cambodia's trade with Thailand hits 4.5 bln USD last year: minister
Trade between Cambodia and neighboring Thailand reached 4.5 billion U.S. dollars in 2013, up 12 percent from 4 billion U.S. dollars a year earlier, Cambodian Minister of Commerce Sun Chanthol said Thursday. Of the amount, Cambodia’s export to Thailand was equivalent to 351 million U.S. dollars, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/06/c_133095545.htm
Sugar Firm Offers Defense After Call for Probe of EU Trade Links
The director of a CPP senator’s sugar plantation accused of stealing land from hundreds of families said Wednesday that most locals were happy with the new jobs the plantation has generated, a week after a visiting European Union parliamentarian renewed calls for an investigation of ...
Zsombor Peter
http://www.cambodiadaily.com/news/sugar-firm-offers-defense-after-call-for-probe-of-eu-trade-links-51545/
Rip-offs strike wrong chord
Slapping Khmer song lyrics over international hits or ripping off the creative content of foreign-produced music videos is a practice in the Kingdom that must end within one year, Ministry of Culture and Fine Arts officials said at a conference in the capital yesterday. A crackdown ...
Mom Kunthear
http://www.phnompenhpost.com/national/rip-offs-strike-wrong-chord
Moc Bai Border Gate Economic Zone
Moc Bai Border Gate Economic Zone is located on the Trans-Asia Road that starts from Myanmar, goes to Thailand, Cambodia, Laos and Vietnam and ends at Quangxi, China. It was built with three border gates on an area of 21,283ha, covering the communes of Long Thuan, ...
Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/92035/moc-bai-border-gate-economic-zone.html
Cambodia’s rice under fire
Amid falling local production in Italy, officials there are calling on the European Union to scrap a preferential trade agreement that gives Cambodia’s rice exports duty-free advantages in the global market. According to a January 31 report from rice industry publication Oryza, members of the Italian ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-rice-under-fire
EU Parliamentarian Finds Abuses Fueled by Trade Scheme
Sugar plantations that benefit from the European Union’s Everything But Arms (EBA) scheme, which allows preferential access to the E.U.’s market, have further impoverished Cambodia’s poor, and an investigation needs to be launched, a member of the European Parliament (MEP) said on Friday. Patrice Tirolien, MEP ...
Denise Hruby
http://www.cambodiadaily.com/news/eu-parliamentarian-finds-abuses-fueled-by-trade-scheme-51188/
EU Parliamentarian Probes Sugar Plantations in Cambodia
A member of the European Parliament is in Cambodia investigating agri-business firms accused of evicting hundreds of families while benefiting from a free-trade scheme with Europe worth millions of dollars, according to the NGO Equitable Cambodia. The visit from France’s Patrice Tirolien follows a resolution the ...
Zsombor Peter
http://www.cambodiadaily.com/news/eu-parliamentarian-probes-sugar-plantations-in-cambodia-51166/
Commerce Minister calls on checkpoint officials to crackdown on expired goods
Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Thong Thira, Banteay Meanchey’s head of Department of Commerce, said that about 71 percent of 700,000 people living in Banteay Meanchey are farmers. He said the province has big 20 ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OWFjOTZkZjI0OTh
ANZ sugar fallout broadens
Shareholders will want answers from ANZ bank after it was revealed this week that the banking giant’s joint venture in Cambodia financed ruling party senator Ly Yong Phat’s controversial sugar plantation, the Responsible Investment Association Australia (RIAA) said yesterday. Environmental audit documents obtained by the Post on Tuesday ...
Daniel de Carteret
http://www.phnompenhpost.com/business/anz-sugar-fallout-broadens
EU resolution passed against sugar abuses
The European Parliament has passed a resolution calling on the bloc’s executive body to urgently act on an EU preferential trade scheme found to have carried high risks of human rights violations in Cambodia through land evictions for industrial sugar development. In a January 16 resolution, ...
Kevin Ponniah
http://www.phnompenhpost.com/national/eu-resolution-passed-against-sugar-abuses
Season’s Bountiful Fish Catch Means Prahok Will Be Plentiful
Last week marked the end of the annual fishing season and many who had gathered on the riverbanks to buy and sell fish in the Russei Keo district of Phnom Penh called it the best season in years. An abundance of fish, there were bargain prices ...
Ben Sokhean and Malia Guyer-Stevens
http://www.cambodiadaily.com/news/seasons-bountiful-fish-catch-means-prahok-will-be-plentiful-50893/
Food Vendors Feel the Bite of Soaring Inflation
Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...
Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/
Cambodia's trade with foreign countries reaches nearly 16 bln USD last year
Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/15/c_133046741.htm
Cambodia, Belarus set to boost bilateral ties
Cambodia and Belarus set to promote bilateral relations in politics, diplomacy, economics, trade, and tourism for mutual benefits of the two countries and peoples, a Cambodian spokesman said Thursday. Cambodia and Belarus established diplomatic relations in 1995, he said, adding that economic and trade relations ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/16/c_133049868.htm
Cambodia opposition leaders questioned in court
Cambodia’s opposition leaders were questioned in court Tuesday in connection with recent protests against strongman premier Hun Sen — a case they denounced as politically motivated. Prosecutors at Phnom Penh Municipal Court spent several hours grilling Sam Rainsy and his deputy Kem Sokha about unrest that ...
Channel News Asia Staff
http://www.channelnewsasia.com/news/asiapacific/cambodia-opposition/954294.html
Free Trade Union Reports Overall Jump in Labor Strikes in 2013
The Free Trade Union (FTU) on Monday reported an overall increase in industrial action by its local branches last year with 136 total strikes in the first 11 months of 2013, up 35 percent from all of 2012, when there were 101 strikes by its ...
Government Urged to Ease Pressure on Unions
Visiting representatives from the International Trade Union Confederation (ITUC) on Monday urged the Labor Ministry to withdraw its threat to revoke the licenses of six unions behind recent strikes, and to drop legal proceedings against union leader Rong Chhun. His visit follows garment worker protests ...
Mech Dara and Zsombor Peter
http://www.cambodiadaily.com/news/government-urged-to-ease-pressure-on-unions-50492/
Hun Sen says investment in Cambodia increases sharply
Prime Minister Hun Sen on Monday said that the flow of investment in Cambodia increased sharply from USD2.9 billion in 2012 to USD4.9 billion in 2013. During the 4th Cambodia-Vietnam Conference on Investment Cooperation at Peace Palace, he said the Vietnamese investments also increased, from ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODA4OGVlYjcxNmM
Major Brands Concerned About Cambodia Violence
Major labels that have clothing manufactured in Cambodian factories have written an open letter expressing concern for the recent shootings of workers demonstrating for higher wages. Adidas, Gap, H&M, Levi’s and Puma were among those that signed the January 7 letter to the Phnom Penh government, ...
VOA News Staff
http://www.voanews.com/content/major-brands-express-concern-for-violence-against-striking-cambodians/1826132.html
UN wants probe into Cambodian violence
The UN human rights agency urged Cambodia to launch an investigation into the “disproportionate” use of force by security forces last week against garment factory workers striking over pay. Military police opened fire on workers protesting outside a factory in Phnom Penh on January 3 and ...
Peninsula On-line News Staff
http://thepeninsulaqatar.com/news/asia/267595/un-wants-probe-into-cambodian-violence