Economy and commerce
Garment, footwear, and travel goods exports valued at $9.3 billion
Cambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft. ...
Chea Vannak
https://www.khmertimeskh.com/50692028/garment-footwear-and-travel-goods-exports-valued-at-9-3-billion
Cambodia, China closer to FTA signing deal
Cambodia and China say they are now planning to sign a free-trade deal some time later this year. The move came after the duo wrapped up their first-round negotiations, which were held last month in Beijing, China. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50691647/cambodia-china-closer-to-fta-signing-deal
Hopes to boost textile exports to Japan with added value
Cambodia, as well as Laos, Myanmar and Vietnam, are being encouraged to improve their production chains to provide added value to their textile products exported to Japan. The call came at a Phnom Penh workshop for representatives from Cambodia, Lao, Myanmar and Vietnam (CLMV) on ...
Chea Vannak
https://www.khmertimeskh.com/50691648/hopes-to-boost-textile-exports-to-japan-with-added-value
Private sector ‘regrets’ EBA partial withdrawal decision
The Cambodian Chamber of Commerce and other business chambers including the Malaysian Business Council of Cambodia, European Chamber of Commerce in Cambodia and American Chamber of Commerce in Cambodia have expressed their regret over the recommendation by the European Commission to partially withdraw the Everything ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50691649/private-sector-regrets-eba-partial-withdrawal-decision
Key stakeholders report Kingdom’s investment climate friendly, favourable
In a series of interviews conducted by a World Economic Forum team with key stakeholders across policymakers, firms, business associations and researchers, amounting to 41 separate entities, firms have reported Cambodia as possessing a friendly investment and business environment. ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50691650/key-stakeholders-report-kingdoms-investment-climate-friendly-favourable
GIZ project to support local SMEs
German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) and the Ministry of Industry and Handicrafts met this week to explore ways of facilitating import and export activities for small and medium-sized enterprises (SMEs) as part as the Integration Support Project Asean plus Cambodia ...
Thou Vireak
https://www.phnompenhpost.com/business/giz-project-support-local-smes
Cambodian exports to the US soar
Cambodia’s exports to the US were worth more than $5 billion last year, a sharp year-on-year increase. The latest data from the US trade office shows that Cambodian exports to the world’s largest economy skyrocketed last year, growing by 40 per cent to reach $5.36 billion. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodian-exports-us-soar
Ministry: EBA decision ‘politically driven’
The Ministry of Foreign Affairs and International Cooperation has reacted to the European Commission’s (EC) decision to partially suspend the Everything But Arms (EBA) scheme, saying it did not reflect the reality in Cambodia. An analyst also said the suspension would not make the Cambodian ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/ministry-eba-decision-politically-driven
Japan calls for policy changes
Representatives of Japanese companies and investors on Wednesday submitted a list of policy recommendations to the government concerning 21 challenges to the Kingdom’s business climate. Japanese Ambassador to Cambodia Masahiro Mikami and leaders of the Japanese Business Association in Cambodia (JBAC), Japan International Cooperation Agency and ...
May Kunmakara
https://www.phnompenhpost.com/business/japan-calls-policy-changes
EU partially withdraws EBA
The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights. The suspension affects one-fifth or €1 billion ($1.08 billion) of Cambodia’s ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-partially-withdraws-eba
CDC unveils system to manage imports
The Council for the Development of Cambodia (CDC) has announced a new service that aims to facilitate imports for investment projects, according to an announcement issued on Monday. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-unveils-system-manage-imports
Cambodia’s exports to Thailand increase by 195% in 2019
Latest data from the Ministry of Commerce shows that from January to December last year, Cambodia exported some US$2.27 billion worth of products to Thailand, up 195 percent compared to a year earlier. ...
Khmer Times Staff
https://www.khmertimeskh.com/50689838/cambodias-exports-to-thailand-increase-by-195-in-2019
Still no word about EBA but rice likely unaffected
Officials on Monday said the government had not received an official statement regarding the EU’s potential withdrawal of Cambodia’s Everything But Arms (EBA) scheme. The EU launched the EBA withdrawal procedure on February 12, citing “a deterioration of democracy [and] respect for human rights” in ...
Khorn Savi
https://www.phnompenhpost.com/national/still-no-word-about-eba-rice-likely-unaffected
Rice exports down 15% year-on-year in January
Cambodia exported 50,450 tonnes of rice worth $39 million to the international market in January, down 15.39 per cent compared to the same period in 2018, Cambodia Rice Federation (CRF) secretary-general Lun Yeng said on Sunday. Yeng told The Post that Cambodian rice exports to ...
Thou Vireak
https://www.phnompenhpost.com/business/rice-exports-down-15-year-year-january
China will support Kingdom despite EBA withdrawal: Official
President Xi Jinping has reassured Prime Minister Hun Sen that China will continue to support the Kingdom’s economy despite a potential Everything-but-arms suspension by the European Commission this month. ...
Sun Mesa
https://www.khmertimeskh.com/50688230/china-will-support-kingdom-despite-eba-withdrawal-official
Cambodia-UK trade still alive after Brexit: Ministry of Commerce
Trade relation between Cambodia and the United Kingdom will improve in the future, said a senior official at Ministry of Commerce. The comments were made after the UK officially left the European Union on Jan 31 but is in a so-called transition period until Dec ...
Chea Vannak
https://www.khmertimeskh.com/50688294/cambodia-uk-trade-still-alive-after-brexit-ministry-of-commerce
Cambodia plans to export rice to Kuwait
Cambodia plans to export milled rice to Kuwait, according to senior officials at the Ministry of Commerce, in what was described as market diversification. The ministry announced the purchase agreement has been scheduled for signing next month. ...
Chea Vannak
https://www.khmertimeskh.com/50688095/cambodia-plans-to-export-rice-to-kuwait
Chamber president calls for stronger South Korea business ties
Cambodia Chamber of Commerce (CCC) president Kith Meng on Tuesday called for stronger business and investment relations between the Kingdom and South Korea. He was speaking on the sidelines of the World Summit 2020 in Seoul, South Korea, after a meeting between the Korea International ...
May Kunmakara
https://www.phnompenhpost.com/business/chamber-president-calls-stronger-south-korea-business-ties
Pilot project to boost e-commerce for Kingdom’s SMEs
The Ministry of Commerce has launched Go4eCam, a pilot project that aims to realise the benefit of e-commerce for the nation’s small and medium-sized enterprises (SMEs), a sector that is currently playing an important role in the country’s economic growth. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50686950/pilot-project-to-boost-e-commerce-for-kingdoms-smes
Kingdom has high hopes over UK trade privilege retention
Cambodia’s government is hoping to retain its preferential trade status with the UK after it left the European Union. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50686838/kingdom-has-high-hopes-over-uk-trade-privilege-retention
CDC approves seven projects in January
The Council for the Development of Cambodia (CDC) approved seven garment and travel goods investment projects last month, worth $33.4 million. The figures were released by CDC throughout the month and calculated by The Post. The EU is scheduled to decide whether to keep or withdraw ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-january
Thai firm to build plant in Pursat
Thai-based Precise Electric Manufacturing Co Ltd is planning to build an electric equipment plant in Pursat province to cash in on the high demand in the Kingdom. The announcement was made during a meeting between Pursat provincial governor Mao Thornin and the firm’s representatives on ...
Thou Vireak
https://www.phnompenhpost.com/business/thai-firm-build-plant-pursat
Growth forecast falls to 6.5% as gov’t eyes more exports to US
The government downgraded its economic growth forecast for this year to 6.1 per cent from its earlier 6.5 per cent projection, Ministry of Economy and Finance undersecretary of state Phan Phalla said on Thursday. Speaking at a public forum on Macroeconomic Management and Budget Law ...
May Kunmakara
https://www.phnompenhpost.com/business/growth-forecast-falls-65-govt-eyes-more-exports-us
Private sector leaders to meet with Hun Sen
The private sector will meet with Prime Minister Hun Sen in April for the 19th Government-Private Sector Forum, which aims to address issues being faced by the business community. Lim Heng, vice-president of the Cambodia Chamber of Commerce (CCC) and director of coordination for the ...
Hin Pisei
https://www.phnompenhpost.com/business/private-sector-leaders-meet-hun-sen-0