Trade

Cambodia’s cassava growers have been asked to target Thailand as an export market due to the high demand for the starch-tuber in the neighboring country to produce ethanol, animal feed and flour, while little is done at home to stabilize prices and provide assistance to ...

The first quarter earnings of the publicly listed Phnom Penh Autonomous Port (PPAP) were up by more than 10 percent in comparison to the same period last year thanks to the Kingdom’s steady economic growth and the company’s efforts in streamlining its expansion. ...

Cambodia and Thailand have agreed to upgrade four border checkpoints and open new checkpoints to boost bilateral trade and tourism along the border, with the aim of increasing trade volume between the two neighbors to $15 billion over the next five years. ...

Bilateral trade between Cambodia and Thailand fell by about 15 percent in the first four months of the year, compared to the same period last year, due to the Kingdom’s decreasing imports of oil, food and beverages from its neighbor. ...

The Kingdom’s petroleum and gas imports fell in the first quarter of this year due to waning consumer and business demands, according to the Ministry of Commerce. However, a large petroleum, lubricants and oil importer said the fall in gas imports was just relative and ...

The total value of exports from the Kingdom’s garment and footwear industry increased sharply this first quarter by 39.1 percent to some $2 billion compared to about $1.5 billion in the same period last year, according to figures released by the Ministry of Commerce. ...

The United States yesterday threw its support behind Cambodia becoming a member of the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

Cambodian rice exports have dramatically declined over the past three months compared to the same period last year, according to data released by the General Department of Agriculture yesterday. ...

The Kingdom’s rice exports to the European Union (EU), which now enjoy duty and quota free access, could be threatened if the regional grouping agrees to Italy’s request to limit rice imports from least developed countries (LDCs). Italy is Europe’s top premium rice producer and ...

Cambodia is seeking a loan from China to set up a common commodity distribution hub for exporters and importers to reduce production and logistics costs and raise the competitiveness of manufactured and agricultural products in the region. ...

Prime Minister Hun Sen questioned yesterday the extent of the ASEAN Economic Community’s (AEC) commitment towards forming an inclusive economic region as countries continue to compete with each other for agricultural exports and inflows of foreign direct investment. ...

Shares in Phnom Penh SEZ debuted on Cambodia’s nascent stock exchange yesterday morning, ending the day at 2,890 riel ($0.71), down slightly more than 3 per cent from its opening price of 2,980 riel after an underwhelming level of trading. ...

Prime Minister Hun Sen yesterday asked China to consider Cambodia’s rice stocks as part of its effort to distribute food relief to other countries. The request was made during a meeting between the premier and Ho Hau Wah, Vice-Chairman of the Chinese People’s Political Consultative Conference ...

Legal timber exports to Vietnam – the bulk of them rosewood – soared between 2013 and 2015, with the volume of logs exported increasing by a factor of 142 and seven times as much sawn wood passing across the border, according to a report by ...

The Ministry of Agriculture, Forestry and Fisheries has finished its evaluation of rice producers and processors that have registered to export milled rice to China, checking to see if they comply with the hygiene laws in China. ...

Exports of organic palm sugar from Kampong Speu province have reached 135 tons, while the palm sugar industry’s association plans to expand its production chain to help meet demand. ...

Rubber producers say the price of local rubber has declined again, blaming a slowdown in the global economy and less demand for rubber. ...

Russia has agreed to import agricultural products from Cambodia, while the leaders of the two countries pledged to boost bilateral trade during meetings between the two countries’ senior officials in the past week. ...

Vietnam will host its seventh annual trade fair in Cambodia during the second week of October of this year, the Department of Economics in the Vietnam Ministry of National Defense (MOD) announced in Ho Chi Minh City last week.   ...

Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...

Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline. ...

Cambodia’s total agricultural production was down slightly last year while a larger share of this production went to exports, the Ministry of Agriculture said in its annual report, released yesterday. ...

The Kingdom’s first automated measures to apply for sanitary and phytosanitary (SPS) certification of imports and exports will be launched by the end of June in an effort to boost and facilitate communication between Ministry of Agriculture officials and importers and exporters applying for SPS ...

Almost 60 tons of Cambodian mangoes were exported to the European Union during the harvesting season this year, according to Mong Reththy, who runs the country’s largest agricultural export company. ...