News

Kingdom becomes top bicycle supplier to EU

Cambodia became the largest bicycle supplier to the European Union (EU) last year, overtaking Taiwan, which had held the number one spot for two decades, a recent report from the website Bike-EU.com said on Monday. The report from the leading industry newsletter associated with the ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-becomes-top-bicycle-supplier-eu

Has Cambodia’s economic boom imploded?

Cambodia’s economic rise starkly contrasts the political chaos that reached a climax in November 2017 with the dissolution of the Cambodia National Rescue Party — the country’s only major opposition party — and the detention of its leader, Kem Sokha. Prime Minister Hun Sen has ...

Heidi Dahles
http://www.eastasiaforum.org/2018/01/16/has-cambodias-economic-boom-imploded/

Cambodia’s citric acid exports prompt investigation in Europe

The European Commission has announced it is investigating the potential laundering of Chinese shipments of citric acid through Cambodia, allowing Chinese manufacturers to flout export restrictions. The European Commission (EC) imposed duties on Chinese citric acid in early 2015 after determining that the chemical was being ...

Robin Spiess and Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodias-citric-acid-exports-prompt-investigation-europe

Hun Sen brushes off end of EU election support

The EU’s decision came in response to the government’s crackdown on the Kingdom’s largest opposition party – the Cambodia National Rescue Party – which was summarily dissolved last month, a development that the EU said rendered credible elections impossible. But in a speech to garment workers ...

Ben Sokhean and Daphne Chen
http://www.phnompenhpost.com/national-politics/hun-sen-brushes-end-eu-election-support

NEC claims EU move to pull funding unfair

The National Election Committee’s newly minted press reaction team responded late on Wednesday to the European Union’s decision to cut funding for the 2018 election, claiming it was unfair to judge the elections before they took place. ...

Andrew Nachemson and Ben Sokhean
http://www.phnompenhpost.com/national-politics/nec-claims-eu-move-pull-funding-unfair

EU countries move to limit rice imports from Cambodia

Italy, along with six other European Union countries, has filed a fresh request to European Commission to limit the volume of rice imported from the Kingdom by activating a “safeguard clause” that allows EU member states to impose barriers to protect against trade imbalances. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/eu-countries-move-limit-rice-imports-cambodia

Don’t punish us: employers

​The Garment Manufacturers Association in Cambodia has called on international buyers to continue ordering clothes and textile products made in the country over fears the US and the EU could halt preferential treatment for Cambodian exports.​ ​ ...

Mom Kunthear
http://www.khmertimeskh.com/5093735/dont-punish-us-employers/

EBA scheme in jeopardy after CNRP ruling

In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/access-eba-scheme-jeopardy-after-cnrp-ruling

Embassies meet with NEC over voter registration

Representatives from the United States and Japanese embassies and the European Union delegation met with the National Election Committee (NEC) yesterday about ongoing voter registration, with EU Ambassador George Edgar saying the current political tension was not addressed in detail during the meeting.​ ...

Mech Dara
http://www.phnompenhpost.com/national/embassies-meet-nec-over-voter-registration

80 tons of Kampot pepper expected to be on market this year

Kampot pepper, a Cambodian product that got geographical indication (IG) certification from the European Union, is expected to yield 80 matrix tons for the markets by this year. ...

Chea Vannak
http://www.akp.gov.kh/?p=108800

Push to stop farmers using chemicals in rice

Experts in the rice sector have expressed their fears over the ban in exporting milled rice containing the chemical Tricyclazole to the European Union (EU), while the government is trying to educate and spread word of the ban to farmers.   ...

Chea Vannak
http://www.khmertimeskh.com/news/37271/push-to-stop-farmers-using-chemicals-in-rice/

UK bilateral trade unchanged

The United Kingdom’s bilateral trade dealing with Cambodia will remain unchanged in light of ongoing negotiations on the UK’s position within the European Union, a senior British trade official said yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/31879/uk-bilateral-trade-unchanged/

GI status soon for 4 products

Four Cambodian products – Kampot salt, Phnom Srok silk of Banteay Meanchey province, fragrant milled rice from Battambang province and Kampot durian – could be given geographical indication (GI) status by the European Union (EU), said a senior official from the Ministry of Commerce and ...

Sok Chan
http://www.khmertimeskh.com/news/31522/gi-status-soon-for-4-products/

Minister discusses regional EU trade deal

Minister of Commerce Pan Sorasak held a meeting with representatives of the European Union this week to discuss the formulation of a new trade program to be supported by the EU, the Ministry of Commerce announced yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/minister-discusses-regional-eu-trade-deal

Palm sugar's GI status

Kampong Speu palm sugar is expected to receive its geographical indication (GI) status certification from the European Commission’s Directorate-General for Agriculture and Rural Development by the end of this year, according to an official from the Kampong Speu Palm Sugar Promotion Association (KSPSPA). Mr. Sok Sarang, ...

Sok Chan
http://www.khmertimeskh.com/news/29070/palm-sugar-s-gi-status/

EU mulls over agriculture aid

George Edgar, the European Union’s ambassador to Cambodia, met with Minister of Agriculture Veng Sakhon on Monday to discuss possible European Union (EU) aid to help the Kingdom strengthen its agricultural sector. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/28272/eu-mulls-over-agriculture-aid/

ANZ: good growth but diversify

Cambodia’s gross domestic product (GDP) is predicted to grow around 7.2 percent this year, buoyed up by clothing and apparel exports to the European Union (EU), according to estimates by the ANZ Group. The banking group also advised the Kingdom to diversify its economy and ...

Sok Chan
http://www.khmertimeskh.com/news/28144/anz--good-growth-but-diversify/

EU asked to increase imports

The National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing yesterday asked the European Union (EU) to increase rice and clothing import quotas from Cambodia, after a discussion on EU subsidies to the Kingdom. ...

Taing Vida
http://www.khmertimeskh.com/news/27825/eu-asked-to-increase-imports/

Commission, EU to discuss subsidies

Members of the opposition will join their ruling party counterparts on the National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing in a meeting today with a European Union (EU) technical working group to discuss EU subsidies to Cambodia. ...

Taing Vida
http://www.khmertimeskh.com/news/27759/commission--eu-to-discuss-subsidies/

Cambodia asks UK for FTA

Cambodia’s Commerce Minister Pan Sorasak told British Ambassador Bill Longhurst he would like to see the two countries enter into a free trade agreement (FTA) as soon as possible following Britain’s decision to leave the European Union (EU). ...

Sok Chan
http://www.khmertimeskh.com/news/27684/cambodia-asks-uk-for-fta/

Insolvency looms in rice sector

The specter of insolvency looms large over the businesses of rice millers in the Kingdom as the government drags its foot in providing emergency loans to bail out the sector, currently reeling from the aftereffects of a severe drought and facing stiff competition from low-grade ...

Chea Vannak
http://www.khmertimeskh.com/news/27470/insolvency-looms-in-rice-sector/

EU: seek other rice markets

Cambodia’s rice industry has been advised by the European Union (EU) to seek other markets and not just concentrate its exports to Europe, as it moves from a low-income country in its least developed country (LDC) status to a lower-middle income nation, amid calls to ...

May Kunmakara
http://www.khmertimeskh.com/news/27318/eu--seek-other-rice-markets/

Rainsy asks EU to cut imports

Opposition leader Sam Rainsy has asked the European Union (EU) to decrease imports of clothing from Cambodia in an effort to put economic pressure on the government into respecting human rights and freedom of speech, saying he believed the act would not affect workers.   ...

Taing Vida
http://www.khmertimeskh.com/news/27332/rainsy-asks-eu-to-cut-imports/

EU, SIDA offer €33.1M grant for budget reform

The European Union and the Swedish International Development Cooperation Agency (SIDA) have agreed to provide a grant of €33.1 million to support the third phase of Cambodia’s Public Financial Management Reform Program, state news agency AKP announced Friday.   ...

Post Staff
http://www.phnompenhpost.com/business/eu-sida-offer-eu331m-grant-budget-reform

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