Trade

Trade policy and regulation

Cambodian, U.S. senior officials meet to promote bilateral ties

Cambodian and U.S. senior officials met here on Monday to further promote bilateral ties and cooperation. The meeting was made between Ouch Borith, secretary of state at the Cambodian Ministry of Foreign Affairs, and Scot Marciel, visiting principal deputy assistant to the United States Secretary of ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/04/c_132858319.htm

Plans to Reform Economy for Asean Integration

Cambodia’s newly appointed minister of commerce said Thursday that he plans to reform the country’s economy ahead of Cambodia’s entrance into the Asean Economic Community (AEC) 2015, though he and other officials did not say how they plan to accomplish that goal. Speaking to reporters on ...

Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/plans-to-reform-economy-for-asean-integration-46469/

CAMBODIA: H&M calls for annual minimum wage review

The Cambodian government should construct an effective annual review system for the minimum wage to ease worker unrest, according to clothing retail giant H&M. The Swedish company’s comments came after CEO Karl-Johan Persson visited the country in mid-October, meeting Cambodia Prime Minister Hun Sen and other ...

Richard Woodard
http://www.just-style.com/news/hm-calls-for-annual-minimum-wage-review_id119576.aspx

National brokerage opens first overseas office

National insurance broking firm MGA Insurance Brokers is opening a new office in the developing market of Cambodia. The Cambodian operation was being set up as a joint venture with two local brokers, Chantol Seng and Sophat Meas, who had extensive international experience. “Cambodia has a ...

Insurance Business News Staff
http://www.insurancebusinessonline.com.au/news/national-brokerage-opens-first-overseas-office-181017.aspx

Firms urged to tap growing middle-class market in GMS

Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the bank’s “Trade Logistics in Greater Mekong Sub-region: ...

Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Firms-urged-to-tap-growing-middle-class-market-in--30218244.html

Trade With Indonesia up but Logistics a Hurdle

Trade and tourism between Indonesia and Cambodia is growing but the two countries can still increase cooperation in those fields, according to participants in the 7th Indonesian Trade and Tourism Promotion exhibition on Phnom Penh’s Koh Pich on Sunday. The sale of Indonesian pharmaceuticals, food products ...

George Styllis
http://www.cambodiadaily.com/business/trade-with-indonesia-up-but-logistics-a-hurdle-46146/

Cambodian PM urges Chinese to invest in agricultural processing plants

Cambodian Prime Minister Hun Sen on Monday urged Chinese companies to focus their investments in processing plants for agricultural products in order to help increase the country’s productivity for exports. The premier made the suggestion during a meeting with a visiting Chinese delegation led by Wang ...

Xinhuanet News
http://news.xinhuanet.com/english/china/2013-10/28/c_132836976.htm

Thai-Cambodian border trade still normal

Despite the disputed territory near Phra Viharn Temple, Thai-Cambodian border trade is still normal as 150,000 billion baht cash flow is expected by the end of 2013. According to the Thai Chamber of Commerce (TCC), border trade along the disputed area around Phra Viharn Temple ...

Thailand National News Bureau Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5610270010002

Cambodia sees 1.48 bln USD trade deficit in 9 months

Cambodia has seen a trade deficit of 1.48 billion U.S. dollars in the first nine months of 2013, according to the Commerce Ministry’s data on Friday. The total import and export volume was valued at 11.82 billion U.S. dollars during the January-September period this year, up ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/25/c_132830753.htm

Carlsberg Unworried by Call for Beer Boycott

Danish beer giant Carlsberg, a partner in Cambodia’s largest brewery, Cambrew, said it is not concerned by a call to boycott its popular Angkor Beer brand over a partner company’s investment in a Laos dam. Ben Morton, vice president of Carlsberg’s international media relations and issues ...

Dene-Hern Chen
http://www.cambodiadaily.com/news/carlsberg-unworried-by-call-for-beer-boycott-45794/

Cambodia sees 22 pct rise in garment exports in 9 months

Garment industry, Cambodia’s largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 ...

Global Times News Staff
http://www.globaltimes.cn/content/819443.shtml#.UmaRFflgd8E

Mercedes-Benz Distributor to Halt Repairs on Illegal Imports

Hung Hiep (Cambodia) Co., the only company in Cambodia licensed to import Mercedes-Benz luxury vehicles, said Monday it would no longer make repairs to new lines of Mercedes vehicles that are smuggled into the country. Company officials said the move is to reduce scams and repair ...

Hul Reaksmey
http://www.cambodiadaily.com/business/mercedes-benz-distributor-to-halt-repairs-on-illegal-imports-45121/

Cambodia’s Manufacturers Shift to Higher-Value Clothing

Cambodia’s factories are moving away from producing the most basic clothing items and diversifying to manufacture more intricate products for international buyers. As the garment sector has grown over the past decade, most garment factories have stuck to producing items such as T-shirts and jeans due ...

Dene-Hern Chen
http://www.cambodiadaily.com/business/cambodias-manufacturers-shift-to-higher-value-clothing-44792/

Exports of rice to fall short of 2013 goal

Cambodia’s rice exports roughly doubled in the first nine months of this year compared with the same period in 2012, according to government data released yesterday. But the figures aren’t big enough to meet official goals for 2013. The numbers show that exports of fragrant rice ...

Hor Kimsay
http://www.phnompenhpost.com/business/exports-rice-fall-short-2013-goal

Hun Sen leaves for ASEAN Summits in Brunei

Prime Minister Hun Sen left Monday to attend the 23rd ASEAN summit as well as other related meetings in Brunei, said Srey Thamrong, a minister attached to Hun Sen. The summits held from October 9-10 will include the 23rd ASEAN Summit, 16th ASEAN-Japan Summit, 16th ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NWZjNjg3OWRkNDA

Indochine raises A$5.5m, sells 85% of Cambodia gold assets

ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer ...

Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08

Cambodia's trade with Japan up 24 pct in 8 months

The two-way trade between Cambodia and Japan has hit $503 million in the first eight months this year, up 24 percent over the same period last year, the figures from the Japan External Trade Organization said Tuesday. Cambodian exports to Japan rose 39 percent to $358 ...

Global Times Staff
http://www.globaltimes.cn/content/816224.shtml#.UlS3adKBmN8

Cambodia's rice output forecast to be similar to last year

Cambodia’s production of paddy rice is forecast at about 9.3 million tonnes this year, unchanged from last year’s estimate but up from 8.8 million tonnes in 2011, the Food and Agriculture Organisation said Thursday. In its latest quarterly Crop Prospects and Food Situation report, the UN ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZmYxZmI5NTFjZWM

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