Economy and commerce
Trade
Exports to India up over 57% in ‘23
Cambodia garnered over $233 million in the first ten months of 2023 from exports to India, marking an increase of nearly 60% compared to the corresponding period in 2022. ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-to-india-up-over-57-in-23
RCEP helps international market access to Cambodia
The Regional Comprehensive Economic Partnership (RCEP) has given a big impetus to Cambodia’s exports, contributing to the economic development, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...
Chea Vanyuth
https://www.khmertimeskh.com/501395909/rcep-helps-international-market-access-to-cambodia/
Timor-Leste buys 4,000 tons of Cambodia rice
Timor-Leste has signed an agreement to buy 4,000 tons of rice from Cambodia for the first time after the two countries signed a Memorandum of Understanding (MOU) on rice trade on October 20, according to the Ministry of Commerce (MoC). ...
Yatt Malai
https://kiripost.com/stories/timor-leste-buys-4000-tons-of-cambodia-rice
Cambodia makes $377.5 million from rice exports in first ten months
Cambodia had exported 529,924 tonnes of milled rice in the first 10 months of 2023, earning a total revenue of $377.5 million, the Cambodia Rice Federation said in a news release on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501389491/cambodia-makes-377-5-million-from-rice-exports-in-first-ten-months/
Electrical machinery sales close to double as tech exports surge
Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-sales-close-double-tech-exports-surge
Footwear export revenue sees decline
Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline
Cambodia, Czech Republic agree to promote cooperation in trade and investment
The Kingdom of Cambodia and the Czech Republic have agreed to further boost their cooperation in trade and investment as well as to have more exchanges of high-level visits between the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501386509/cambodia-czech-republic-agree-to-promote-cooperation-in-trade-and-investment/
Cambodia ready to showcase potential products at 6th CIIE in Shanghai
Cambodia is ready to exhibit its potential products and promote its investment potential and tourism during the sixth China International Import Expo (CIIE), scheduled for Nov. 5-10 in Shanghai, said a Ministry of Commerce’s news release on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501387015/cambodia-ready-to-showcase-potential-products-at-6th-ciie-in-shanghai/
Measures sought to optimise Vietnam-Cambodia logistic route
The Ho Chi Minh City-based Saigon Newport Corporation held a workshop to seek measures to strengthen connectivity and develop Vietnam – Cambodia logistic service route on October 28 in Phnom Penh, Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501383705/measures-sought-to-optimise-vietnam-cambodia-logistic-route/
MoC committed to boosting trade ties with Thailand
The Ministry of Commerce is committed to improving bilateral trade and investment cooperation with Thailand by attracting new investment to Cambodia and also by increasing the trade between the two countries. ...
Chea Vanyuth
https://www.khmertimeskh.com/501383488/moc-committed-to-boosting-trade-ties-with-thailand/
EU explores investment opportunities in Cambodia
An EU-ASEAN Business Council delegation landed in Cambodia to look into long-term investments in the country. In the first installment of two, Kiripost sits down with executive director, Chris Murphy, to see what progress was made. ...
Marissa Carruthers
https://kiripost.com/stories/eu-explores-investment-opportunities-in-cambodia
Social issues key to US-Cambodia trade, says Ambassador
The US embassy in Phnom Penh has said that Washington is seeking a trading relationship with Cambodia that is mutually beneficial, transparent, balanced, and in adherence to the highest standards, including labor rights. ...
Rov Hongseng
https://kiripost.com/stories/social-issues-key-to-us-cambodia-trade-says-ambassador
EU offers support in green transition and trade
The European Union plans to launch two initiatives aimed at promoting the green transition and fostering sustainable trade in Cambodia, according to new EU Ambassador to Cambodia, Igor Driesmans. ...
Mao Sreypich
https://kiripost.com/stories/eu-offers-support-in-green-transition-and-trade
Cambodia’s exports to RCEP countries rise 23% to $5.8B
Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries continued to increase, indicating the emergence of a growing market for the country’s products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501382492/cambodias-exports-to-rcep-countries-rise-23-to-5-8b/
Shanxi Fruit Trade Fair sees Cambodia’s participation
A total of 870 companies exhibited 2,590 products at the event. As an important platform for the export of agricultural products, the fair improves awareness of Shanxi fruit, increases the province’s influence, and brings opportunities overseas, organizers said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501382140/shanxi-fruit-trade-fairsees-cambodias-participation/
SSEZ conducts $2.5B trade in nine months
Year 2023 witnessed the spectacular emergence of Cambodia’s Sihanoukville Special Economic Zone (SSEZ) as a force to reckon with, as its enterprises hit 7.13 percent of the Kingdom’s total trade turnover, up from a mere 0.88 percent in 2013. In just nine months of the ...
Jigme Palden Pazo
https://www.khmertimeskh.com/501381926/ssez-conducts-2-5b-trade-in-nine-months/
Cambodian PM: Cambodia-Japan cooperation will increase
Cambodia’s Prime Minister Hun Manet expressed his hope that Cambodia-Japan cooperation will increase in all fields, especially in tourism, investment and people-to-people exchange. ...
Khmer Times Staff
https://www.khmertimeskh.com/501381559/cambodian-pm-cambodia-japan-cooperation-will-increase/
Cambodia looks to export fish products to EU by 2024
Cambodian fishery products could be exported to the European Union (EU) by 2024 as collaborations aim to implement a control system that meets international market requirements. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-looks-to-export-fish-products-to-eu-by-2024
Red corn ‘vital’ agro product: official
Yang Saing Koma, a secretary of state for the Ministry of Agriculture, Forestry and Fisheries, highlighted the significance of red corn as a vital agricultural product. ...
Van Socheata
https://www.phnompenhpost.com/business/red-corn-vital-agro-product-official
Joint building of Belt and Road highlighted
President Xi Jinping called on Thursday for China and Cambodia to maintain high-level strategic communication and cooperate on the Belt and Road joint building to promote common development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379752/joint-building-of-belt-and-road-highlighted/
Vietnam, Cambodia keen to use local currency for trade: Malaysian PM
Vietnam and Cambodia are keen to use their local currency for trading with Malaysia to reduce dependence on the US dollar, according to Malaysian Prime Minister Datuk Seri Anwar Ibrahim. ...
Khmer Times Staff
https://www.khmertimeskh.com/501380454/vietnam-cambodia-keen-to-use-local-currency-for-trade-malaysian-pm/
Cambodia makes $320.5 mln from rubber exports in first 9 months
Cambodia exported 242,304 tons of dry rubber in the first nine months of 2023, up 3.5 percent from 234,100 tons over the same period last year, said a report from the General Directorate of Rubber on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379483/cambodia-makes-320-5-mln-from-rubber-exports-in-first-9-months/
Vietnam, Cambodia considering using local currency for trade
Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. ...
Khmer Times Staff
https://www.khmertimeskh.com/501378237/vietnam-cambodia-considering-using-local-currency-for-trade/
PM: Cambodian entrepreneurs to use Alibaba e-commerce platform to take full advantage of international market
Prime Minister of Cambodia, Dr. Hun Manet, received Ms. Wen Jia, President of the Public Affairs Department of Alibaba Group, on the side-lines of the 3rd Road and Belt Forum for International Coordination in Beijing, China yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501378260/pm-cambodian-entrepreneurs-to-use-alibaba-e-commerce-platform-to-take-full-advantage-of-international-market/