Economy and commerce

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. ...

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. ...

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 ...

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 ...

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. ...

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 ...

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. ...

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 ...

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 ...

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 ...

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. ...

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. ...

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 ...

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 ...

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. ...

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 ...

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. ...

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 ...

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. ...

Cambodia’s government is hoping to retain its preferential trade status with the UK after it left the European Union. ...

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 ...

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 ...

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 ...

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 ...