Local palm oil exporter targets EU
Mong Reththy Group (MRG), Cambodia’s largest exporter of palm oil, hopes to expand its exports to European markets this year. Mong Reththy, president of the firm, said the quota-free and duty-free trade frameworks provided by European governments factored heavily into the decision. “About 50 per cent of our total exports, which were worth about $27 million last year, went to European countries. They provided us with quota-free and duty-free access so that we can get $60 per tonne, compared with Malaysia or Thailand, which require us to pay tax. That is a great benefit,” he said. …
http://www.phnompenhpost.com/2013040964951/Business/local-palm-oil-exporter-targets-eu.html
