Rice exports face challenges from foreigners in Cambodia

Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report. Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas for exporting its farm produce, especially rice, to the EU…The plan to build a modern rice mill near Phnom Penh announced by a Viet Nam-Cambodia joint venture nearly two years ago has made no progress. Complicated formalities have been blamed for the delays in building a plant that aimed to process rice for export supplied by Cambodian farmers. Cambodia-Viet Nam Foods Co (Cavifoods) – a joint venture between Viet Nam’s Southern Food Corp (Vinafood II) and two Cambodian firms – International Development Co (IDCC) and Green Trade Co, was established in October 2009 with a registered capital of US$8 million.