ព័ត៌មាន
EU Won’t Investigate Land Concessions—for Now
The trade commissioner and foreign affairs representative of the European Union (E.U.) have turned down a request from 13 members of the European Parliament that they immediately investigate Cambodia’s much criticized economic land concessions, but said they were monitoring the issue closely. In a March letter ...
http://www.cambodiadaily.com/news/eu-wont-investigate-land-concessions-for-now-25194/
ASEAN to study new ties with six partners
ASEAN says it will study how to implement a proposed economic partnership with its six external partners that might lead to the foundation of world’s largest economic bloc. The proposed bloc, dubbed the Regional Comprehensive Economic Partnership (RCEP) or “ASEAN+6” , would integrate ASEAN’s 10 ...
Swedish outcry has royal voice in midst
Growing calls in Sweden for multinational clothing giant H&M to increase wages for Cambodian garment workers have taken a royal twist. Cambodia’s Prince Charin Norodom, 38, who has lived in Sweden for more than 30 years, told the Post yesterday that he had been working behind ...
Hong Kong seeking trade ties
During a visit to Phnom Penh this week, Greg So, Hong Kong’s Secretary for Commerce and Economic Development, reiterated Hong Kong’s desire to be inducted into the ASEAN-China Free Trade Agreement and highlighted Cambodia as a potential beneficiary for foreign direct investment from Hong Kong. In So’s view, economic ...
http://www.phnompenhpost.com/index.php/2012103159498/Business/hong-kong-seeks-trade-ties.html
Europe Adopts Resolution on Cambodian Rights Situation
Drawing from a long list of human rights abuses, the European Parliament has urged the Cambodian government to stop forced evictions, called on the European Commission (E.C.) to investigate the country’s controversial land concessions policy, and raised the prospect of sanctions. In a resolution passed Friday ...
http://www.cambodiadaily.com/news/europe-adopts-resolution-on-cambodian-rights-situation-4862/
European body sends a message
The European Parliament, representing one of the country’s largest donors, on Friday called for a moratorium on forced evictions, an overhaul of elections and even went so far as to suggest to the European Union that it suspend tariff-free imports of agricultural goods linked to ...
Trade with Vietnam slows
Bilateral trade between Cambodia and neighboring Vietnam grew by 17 per cent in the first nine months of the year compared to the same period last year, a decrease from previous years, the Vietnam Trade Office in Cambodia said yesterday. The data showed a total trade volume ...
http://www.phnompenhpost.com/index.php/2012102659432/Business/trade-with-vietnam-slows.html
Cambodia's Trade Deficit Grows to Almost $2 Billion
Cambodia’s trade deficit reached $1.99 billion through the first nine months of the year, an increase of 33 percent compared to the same period in 2011, according to data released by the Ministry of Commerce on Saturday. Chinese state news agency Xinhua reported that the total value ...
Exports hold up despite EU slowdown
Cambodia has coped well in terms of exports despite the slowdown in some European economies, said the head of the IMF’s Asia-Pacific department last week. Anoop Singh, director for the department, said Cambodia has enjoyed many years of economic growth at about 6 per cent or ...
Men Sarun rice to China
Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...
Garment Exports to EU Catching Up With US
The value of garment and shoe exports to the European Union are expected to reach the same level as those sent to the U.S. by 2013, an official from the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. Garment, textile and shoe exports to the E.U. ...
China ASEN Expo starts on Friday
Minister of Commerce Cham Prasidh and 100 Cambodian companies are set to represent the Kingdom at the 9th China-ASEAN Expo in Nanning, China, which starts tomorrow, according to officials. The expo will include representatives from all 10 ASEAN countries and China itself. Cambodian officials will seek ...
US, Cambodia Agree to Explore Investment Pact
U.S. Trade Representative Ron Kirk announced Friday that the U.S. and Cambodia have agreed to explore the creation of a bilateral investment treaty that would regulate the rules of foreign direct investment between the two countries, the U.S. Embassy said in a statement. According to the Embassy, such a treaty ...
Cambodia must seek new trade partners
Cambodia will no doubt look to partners other than the US and the European Union to bolster its economic growth as those key export markets continue to struggle, a senior International Monetary Fund official says. One way in which Cambodia would forge new and growing relationships with higher-income ...
EU Eyes Asean as Solution for Troubles at Home
As Europe continues to navigate its way through a two-year debt crisis, EU Trade Commissioner Karel De Gucht yesterday sought to put Europe at the center of Southeast Asia’s future at the EU-Asean Business Summit in Phnom Penh, and urged EU investors to take advantage ...
Exports Rise, but Value of Goods Remains Weak
Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...