Trade

The process to open market access for exporting Cambodian “pra” varieties of shark catfishes to China has begun in earnest, after officials from the two countries kicked off formal phytosanitary talks, far earlier than expected. ...

The Kingdom exported nearly 265,230 tonnes of fresh mangoes and mango products in 2021, up by 146.3 per cent year-on-year, of which the Vietnamese market absorbed just under 199,636.7 tonnes, according to Ministry of Agriculture, Forestry and Fisheries data. ...

The Kep-Koh Tonsay Tourism Port, a pier on mainland Kep town replacing an old one, was inaugurated on January 19, and is expected to greatly benefit the provincial economy, and go a long way to support the local tourism, agriculture and fisheries sectors. ...

he Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two nations. ...

Cambodia exported 423,168.97 tonnes of fresh bananas last year, up by 27.02 per cent over 2020, valued at $4,323,719,300, according to preliminary data from the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Agriculture (GDA). ...

Even as more investments from Chinese companies pour into Cambodia and cooperation in the field of agriculture increases, Cambodian agricultural products are expected to be promoted in more international markets, especially the Chinese market. ...

With the EU rolling back import tariffs on long grain white rice from Cambodia and Myanmar, market participants expect a rise in shipments from Cambodian exporters who were however still skeptical due to continued high freight rates. ...

The Kingdom exported 2,793,729.92 tonnes of cassava in 2021, up by nearly 22.1 per cent from a year earlier, as industry players note that domestic wholesale prices of the tubers remain elevated compared with average 2020 rates. ...

Bilateral trade between Cambodia and South Korea reached $965.132 million last year, a 9.015 per cent surge from $885.322 million in 2020, according to data from the Korea International Trade Association (Kita). ...

Cambodia has the lowest operating costs among nine countries in Asia that are recognised as major manufacturing hubs, according to Asia-Pacific business transformation consultancy TMX. ...

Chey Sambo Cashew Nut Processing Handicraft in Kampong Thom province has planned to scale up the amount of processed cashew nuts for exports to Japan this year, after experiencing successful exports last year, which resulted in huge support in the Japanese market. ...

The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry. ...

The Minister of Labor and Vocational Training, Dr. Ith Sam Heng, said that the export of textiles, garment, footwear and travel products and bags sectors are the key sector for the Cambodian economy and remain as the country’s most important export sector, with annual growth ...

Bilateral trade volume between Cambodia and Japan topped $1.700 billion in 2021, marking a small increase of 0.49 per cent from more than $1.692 billion a year earlier, according to preliminary data from the Ministry of Commerce.   ...

AEON Mall (Cambodia) Co Ltd’s first “multifunctional logistics business centre” is set to break ground early next month and start operations next year, in a special economic zone (SEZ) near Sihanoukville Autonomous Port (PAS), according to a port source with knowledge of the matter. ...

The value of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) reached $2.234 billion in 2021, marking a 42.75 per cent rise from $1.565 billion a year earlier, according to a statement released by the operator on January 10. ...

The newly upgraded 84.74km stretch of National Road 5 – from Battambang town north to Banteay Meanchey provincial capital Sisophon – will improve trade, tourism and investment between Cambodia and Thailand, according to Prime Minister Hun Sen. ...

Bilateral trade between Cambodia and the US in the first 11 months of 2021 topped $8.396 billion, surging by more than 32.1 per cent from over $6.355 billion in the same period last year, according to US Census Bureau (USCB) data on January 10. ...

Cambodia’s global non-gold trade exceeded $36 billion in the first 11 months of 2021, rising by more than 24 per cent year-on-year, according to Ministry of Economy and Finance data. ...

Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year. ...

Cambodia earned about $66.13 million from the export of live adult animals and products of animal origin in 2021, a 40.1 per cent surge from $47.18 million a year earlier, the General Directorate of Animal Health and Production reported. ...

Cambodia is looking for workarounds to ship cargo to China while avoiding the risks and problems associated with ongoing severe congestion at Sino-Vietnamese land border gates, which has been blamed on Beijing’s response to the SARS-CoV-2 Omicron variant and its “dynamic zero-Covid” policy. ...

The Cambodia-Korea Free Trade Agreement (CKFTA) is set to enter into force 60 days after the Kingdom’s Ministry of Commerce and South Korean counterpart have notified each other that their respective internal procedures have been completed, as affirmed by ministry spokesman Pen Sovicheat. ...

Cambodia imported road vehicles worth $977.4 million in the first 10 months of 2021, up by more than eight per cent from $901 million in January-October 2020, according to Ministry of Commerce data. ...