News

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/

Sendai office to bolster Japan ties: CCC

The apex Cambodian business association’s leaders are convinced that their new representative office in the Sendai region will materially accelerate the Kingdom’s trade and economic relations with Japan, largely by tapping into the opportunities created by the Regional Comprehensive Economic Partnership (RCEP). ...

Hin Pisei
https://www.phnompenhpost.com/business/sendai-office-bolster-japan-ties-ccc

Cambodia-China action plan expected to boost FTA benefits

The newly-signed Action Plan on Trade and Economic Cooperation 2023-2024 is expected to promote the utilisation of the preferential arrangements that are granted by free trade agreements (FTA) and similar regional treaties, to boost trade and investment between Cambodia and China. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-china-action-plan-expected-boost-fta-benefits

RCEP enables trade among Asian neighbours to ripen

Trucks loaded with Vietnamese durians lined up for customs inspections recently at the China and Vietnam Youyi Pass, a border crossing located in a natural gap between a series of steep cliffs and hills covered in conifers and bamboo on the border of the two ...

Khmer Times Staff
https://www.khmertimeskh.com/501234938/rcep-enables-trade-among-asian-neighbours-to-ripen/

Phnom Penh proposed for RCEP Secretariat

Officials have suggested that the 14 partner signatories to the Regional Comprehensive Economic Partnership (RCEP) establish a trade secretariat in Phnom Penh. The agreement, which aims to boost economic development, came into force at the beginning of 2022. ...

Rann Reuy
https://www.phnompenhpost.com/business/phnom-penh-proposed-rcep-secretariat

Cambodia exports surge 16% to $22.4B

The government’s strategic measures and reforms helped Cambodia register remarkable export growth, the Ministry of Commerce said yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501229569/cambodia-exports-surge-16-to-22-4b/

Bilateral FTAs, RCEP expected to drive new industrial investment inflows

Cambodia is expected to attract new investment in industrial sector under the bilateral free trade agreements (FTAs), the Regional Comprehensive Economic Partnership Agreement (RCEP), together with new investment law. ...

Khmer Times Staff
https://www.khmertimeskh.com/501224876/bilateral-ftas-rcep-expected-to-drive-new-industrial-investment-inflows/

Cambodia’s trade with RCEP countries hit $31 bln last year

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries reached 31 billion U.S. dollars in 2022, up 4 percent from a year earlier, according to a Ministry of Commerce report released on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501221471/cambodias-trade-with-rcep-countries-hit-31-bln-last-year/

Hun Sen encourages Korean investment

Prime Minister Hun Sen asked a former South Korean leader to help promote Cambodia and attract more Korean investors to the Kingdom now that there is a free trade agreement (FTA) in place between the countries. ...

Lay Samean
https://www.phnompenhpost.com/business/hun-sen-encourages-korean-investment

RCEP to help Cambodia graduate from LDC status as early as 2028

Undersecretary of State and Spokesman of the Cambodian Ministry of Commerce Penn Sovicheat said the RCEP could help Cambodia graduate from its least-developed country status as soon as 2028. ...

Khmer Times Staff
https://www.khmertimeskh.com/501219474/rcep-to-help-cambodia-graduate-from-ldc-status-as-early-as-2028/

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