Trade

Vietnam extended its 3,000-tonne duty-free quota for Cambodian dried tobacco leaves for 2021 to meet market demand, Ministry of Commerce spokesman Seang Thay confirmed to The Post on March 23. ...

Cambodia exported more than 5.8 thousand tonnes of dried tobacco leaves worth more than $17 million to nine countries last year, marking a 14 per cent and 28 per cent decline in volume and value, respectively, over 2019. ...

Data from the Korean International Trade Association showed that during January and February Cambodia exported about $64 million of products to the east Asian country, an increase of over 2.9 percent compared with the same period last year. ...

Cambodia’s exports to Vietnam rose in 2020 despite both nations imposing strict cross-border movement control to fight the pandemic. Data from the Ministry of Commerce showed Cambodia’s exports to Vietnam rising by 14.8 percent in 2020 to $385 million. ...

The prices of Cambodian natural rubber latex on international markets have risen by more than 10 per cent year-on-year in the first quarter, driven by rising demand from China, according to a senior official of the Ministry of Agriculture, Forestry and Fisheries. ...

The Kingdom’s technical team and its Eurasian Economic Commission (EEC) counterpart recently assembled to share thoughts and opinions as both parties prepare for the third round of preliminary working-level talks toward formally launching free trade agreement (FTA) negotiations and expand trade markets and investments. ...

Cambodia, Laos and Vietnam (CLV) on March 10 reaffirmed their commitment to boost border trade and investment with a specific focus on the construction of border markets and to improve customs clearance procedures. ...

A team from China’s General Administration of Customs (GACC) on March 10 conducted a virtual inspection of three Cambodian mango farms and four treatment facilities to ensure that they are fit for export, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year.  ...

Cambodia has opened its market to pork produced in Brazil, according to an announcement from Brazil’s Ministry of Agriculture, Livestock and Supply. ...

The Indian Embassy to Cambodia has stated it seeks to see increased imports of pepper and turmeric from Cambodia. This potential hike in bilateral trade with India was discussed at a meeting held March 9 between Indian Ambassador to Cambodia Dr Devyani Uttam Khobragade and ...

Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) have improved as early talks witness an increasingly positive sentiment, according to Ministry of Commerce spokesman Seang Thay. ...

A global shortage of containers and rising shipping rates during the Covid-19 outbreak has driven up production costs for the Kingdom’s mangoes and eroded their competitiveness on the international market, according to two leading producers-cum-exporters. ...

Trade between the Kingdom and Vietnam was worth $3.020 billion in 2020, inching down 1.1 per cent from $3.054 the previous year, according to Ministry of Commerce statistics. ...

Two Bangkok-based business councils have demonstrated their commitment to join forces and ensure frictionless cross-border trade between Cambodia and Thailand amid tightened border controls imposed in the harsh times of the Covid-19 pandemic. ...

Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng ...

Data from the Ministry of Commerce showed Cambodia exported $1.086 billion of goods to China, a year-on-year increase of 8.1 percent.  Cambodia’s 2020 imports from China were valued at $7.031 billion, a contraction of 6.9 percent compared with 2019 figures. ...

Data from the Ministry of Commerce showed that in 2020 Cambodia exported $3.203 billion of goods to the EU and imported $659 million from the trade bloc. ...

Because trade between Cambodia and Timor-Leste remains low, the governments of both nations have decided to work towards boosting bilateral economic and business activities, according to a statement from the Ministry of Foreign Affairs and International Cooperation. ...

The General Directorate of Agriculture said it had submitted a list of 25 mango farms and three treatment facilities to the Chinese General Administration of Customs for sanitary and phytosanitary inspections. ...

The trade value between Cambodia and India saw a dramatic 25.81 percent reduction last year to $190.13 million from 2019’s $256.26 million as the Kingdom embarked on a feasibility study for a free trade agreement (FTA). ...

The Ministry of Agriculture, Forestry and Fisheries has urged farmers to register their mango farms for certification to exports. This was reminded in the ministry’s press release issued recently, adding that the registration of mango farms is also intended to stabilise the price of the ...

Cambodia’s total export value to China extended its winning streak last year, weathering supply chain disruptions due to the Covid-19 outbreak. ...

Prime Minister Hun Sen has asked the Philippines to consider buying more Cambodian rice or investing in the rice sector here. ...