News

RCEP to help Cambodia achieve 2030 goal

The Regional Comprehensive Economic Partnership (RCEP) will help Cambodia to achieve its goal of becoming an upper middle-income country by 2030, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501359847/rcep-to-help-cambodia-achieve-2030-goal/

RCEP to attract more investments to Cambodia in coming years

The Regional Comprehensive Economic Partnership (RCEP) will play a crucial role in attracting more foreign direct investments to Cambodia and contributes to a sustainable economic growth. ...

Khmer Times Staff
https://www.khmertimeskh.com/501360007/rcep-to-attract-more-investments-to-cambodia-in-coming-years/

Cambodia’s exports worth $15.7 billion in 8 months, up 0.3 pct

Cambodia exported products worth $15.7 billion in the first eight months of 2023, a slight increase of 0.3 percent from $15.64 billion in the same period last year, said a General Department of Customs and Excise’s report released on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501357435/cambodias-exports-worth-15-7-billion-in-8-months-up-0-3-pct/

CDC: Raise timber to supply local furniture sector

A senior official at the Council for the Development of Cambodia (CDC) urged local investors to consider investing in sustainable timber wood to supply wood for the furniture-making sector which has a “huge growth potential”. ...

May Kunmakara
https://www.phnompenhpost.com/business/cdc-raise-timber-supply-local-furniture-sector

ASEAN sec-gen applauds implementation of RCEP

ASEAN Secretary-General Kao Kim Hourn expressed optimism with the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement in a transparent manner, as businesses in the region have wider opportunities to trade and invest now. ...

Ry Sochan
https://www.phnompenhpost.com/national-politics/asean-sec-gen-applauds-implementation-rcep

New book delves into dynamics of geo-politics, int’l trade, legal affairs

In a recent book launch at CamTech University in Phnom Penh, former commerce minister Pan Sorasak hailed the release of RCEP: Part 1: Geo-Political, Geo-Economic and Legal Analysis. ...

Van Socheata 
https://www.phnompenhpost.com/national/new-book-delves-dynamics-geo-politics-intl-trade-legal-affairs

South Korean exports jump 20%

Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/south-korean-exports-jump-20

New Government formation to bring more new investments

The formation of the new Royal Government of Cambodia will bring new investments to the country, generating more jobs and contributing to the economic growth. ...

Khmer Times Staff
https://www.khmertimeskh.com/501347755/new-government-formation-to-bring-more-new-investments/

Cambodia’s exports $4.6B to RCEP markets in first 7 months

Cambodia has exported goods worth $4.59 billion to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first seven months of 2023, a 21 percent increase compared to the same period of the previous year, said a statement by the Ministry of Commerce ...

Kang Sothear
https://www.khmertimeskh.com/501346750/cambodias-exports-4-6b-to-rcep-markets-in-first-7-months/

Cambodia benefits from zero tariffs in RCEP trade deal, sees surge in exports

Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries reached $4.59 billion in the first seven months of this year, marking a significant 21% growth compared to the same period last year, according to data from the Ministry of Commerce. The boost in exports ...

Khmer Times Staff
https://www.khmertimeskh.com/501346937/cambodia-benefits-from-zero-tariffs-in-rcep-trade-deal-sees-surge-in-exports/

RCEP: Connecting ASEAN to the world economy and promoting inclusive growth

The Regional Comprehensive Economic Partnership (RCEP) is playing a crucial role in boosting the ASEAN economic integration into the world economy, Cambodia’s outgoing Minister of Commerce Pan Sorasak has said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501346985/rcep-connecting-asean-to-the-world-economy-and-promoting-inclusive-growth/

Cambodia’s export to RCEP countries up 24 percent in H1

Cambodia’s total export to other Regional Comprehensive Economic Partnership (RCEP) countries amounted to $4.07 billion in the first half of 2023, up 24 percent from $3.28 billion over the same period last year, said the Ministry of Commerce’s latest report released on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501326651/cambodias-export-to-rcep-countries-up-24-percent-in-h1/

Cambodia hopes RCEP, bilateral FTAs to boost exports of garment, footwear, travel goods

Cambodia has pinned hopes on the Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral Free Trade Agreements (FTAs) to boost its exports of garment, footwear and travel (GFT) goods. ...

Khmer Times Staff
https://www.khmertimeskh.com/501325280/cambodia-hopes-rcep-bilateral-ftas-to-boost-exports-of-garment-footwear-travel-goods/

Cambodia attracts $1.1 bln fixed-asset investment in H1 of 2023

Cambodia attracted 113 fixed-asset investment projects worth $1.1 billion in the first half of 2023, creating some 122,000 new jobs, said a Council for the Development of Cambodia’s report on Tuesday.   ...

Khmer Times Staff
https://www.khmertimeskh.com/501322866/cambodia-attracts-1-1-bln-fixed-asset-investment-in-h1-of-2023/

Asia-Pacific growth poised to quicken with Chinese economy at faster pace

Developing economies in Asia and the Pacific this year are projected to see better performances than in 2022 as the continued easing of pandemic restrictions boosts consumption, tourism and investment, the Asian Development Bank (ADB) has said, highlighting “China’s reopening is the main factor brightening ...

Khmer Times Staff
https://www.khmertimeskh.com/501322842/asia-pacific-growth-poised-to-quicken-with-chinese-economy-at-faster-pace/

International trade tops $23 billion in H1

International trade for Cambodia amounted to $23.69 billion in the first six months of this year, a 13% decrease compared to the same period last year, the General Department of Customs and Excise report showed on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501322261/international-trade-tops-23-billion-in-h1/

RCEP, FTAs to attract more investments to Cambodia

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and the bilateral free trade agreements (FTAs) will play a crucial role in attracting more foreign direct investments to Cambodia, Cambodia’s central bank said in a report released on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501320535/rcep-ftas-to-attract-more-investments-to-cambodia/

Job opportunities increasing in manufacturing sector

Prime Minister Hun Sen said yesterday that the manufacturing sector is creating more jobs for Cambodians, which is helping to improve their livelihoods as the government has been taking several steps to attract more foreign investment to the country. ...

Chea Vanyuth
https://www.khmertimeskh.com/501304999/job-opportunities-increasing-in-manufacturing-sector/

RCEP, FTAs to put region, Cambodia in better position to recover from pandemic impacts

The Regional Comprehensive Economic Partnership (RCEP) trade pact and bilateral free trade agreements will put the region and Cambodia in a better position to recover from the impacts of the COVID-19 pandemic, a Cambodian scholar said on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501292617/rcep-ftas-to-put-region-cambodia-in-better-position-to-recover-from-pandemic-impacts/

Cambodia’s export to RCEP countries up 16 pct in first 4 months of 2023

Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to $ 2.89 billion in the first four months of 2023, up 16 percent from $ 2.49 over the same period last year, the Ministry of Commerce’s latest report showed on Sunday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501290532/cambodias-export-to-rcep-countries-up-16-pct-in-first-4-months-of-2023/

RCEP, FTAs create more favorable trade, investment opportunities for investors in Cambodia

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTAs) have provided more favorable trade and investment opportunities for investors in Cambodia, a senior commerce ministry official said on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501277686/rcep-ftas-create-more-favorable-trade-investment-opportunities-for-investors-in-cambodia/

Fully tapping potential of RCEP by Cambodia

The Regional Comprehensive Economic Partnership is a catalyst of regional economic growth, integration and connectivity in the Asia Pacific, accounting for about 30 percent of global GDP and one-third of the world’s population. ...

Khmer Times Staff
https://www.khmertimeskh.com/501267503/fully-tapping-potential-of-rcep-by-cambodia/

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