Customs to Give Preference to Trusted Firms
The department of customs and excise will begin certifying companies it deems trustworthy so that their goods have easier passage across Cambodia’s borders, an official said yesterday. … Traders will receive ranks based on compliance with customs rules, he [Nuom Chanrith, the director of planning at the Finance Ministry’s general department of customs and excise (GDCE)] said, and the highest ranked companies would have to deal with less bureaucracy and have their goods exempt from physical inspections. … Reports from the World Bank and International Monetary Fund on investing in Cambodia often highlight how one of the biggest hurdles in doing business here is the complicated nature of getting goods through customs and excise, as well as the need to make informal payments to officials. … That would also allow for companies involved in price dumping – the practice of selling goods for less than they are worth – to be clamped down on. …
