News

World Bank: Growth at 7% for this year

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year

Cambodian government mulls response to European Union report on EBA suspension

Foreign Ministry spokesperson Koy Kuong said the government will attempt to address all the points of concern raised by the European Union but refrained from divulging any details. ...

Hul Reaksmey
https://www.voacambodia.com/a/cambodian-government-mulls-response-to-european-union-report-on-eba-suspension-/5165555.html

PM criticises EU during WTO meeting

Prime Minister Hun Sen has renewed accusations of double standards by the European Union over the possible suspension of the Kingdom’s Everything-but-arms trade status during his visit to Geneva. Mr Hun Sen is attending a three-day meeting on Aid for Trade Global Review in Switzerland and ...

Ben Sokhean
https://www.khmertimeskh.com/50621146/pm-criticises-eu-during-wto-meeting/

International business group urges respect for labour rights

A group of international business associations representing garment, footwear and travel goods buyers have called on the government to improve labour and human rights conditions in the Kingdom in the face of possible preferential trade agreement changes by the United States and European Union. In February, ...

Ben Sokhea
https://www.khmertimeskh.com/50594400/international-business-group-urges-respect-for-labour-rights/

EU to Cambodia: Fix human rights or face economic hardship

Both Cambodia and Myanmar heavily depend on the European Union’s duty and quota free trade agreement. But the European bloc believes it is time that these countries address human rights abuses. ...

Ate Hoekstra
https://www.dw.com/en/eu-to-cambodia-fix-human-rights-or-face-economic-hardship/a-46294993

EBA removal won’t affect development projects: EU

The potential cancellation of the Everything-but-arms (EBA) scheme will not have an impact on development projects in Cambodia funded by the European Union, according to George Edgar, the EU Ambassador to Cambodia. ...

Pav Suy
https://www.khmertimeskh.com/50549413/eba-removal-wont-affect-development-projects-eu/

Despite election uncertainty, exports achieve solid growth

Exports of garment and footwear products achieved solid growth during the first half of the year, expanding by 9.3 percent. According to the Ministry of Commerce, exports from the country’s garment industry were valued at $3.7 billion during the first six months of the year. ...

May Kunmakara
https://www.khmertimeskh.com/50517748/despite-election-uncertainty-exports-achieve-solid-growth/

EU council condemns crackdown but stops short of concrete action

The Foreign Affairs Council of the European Union yesterday adopted a set of conclusions condemning “recent worrying political developments and the continuing deterioration of democracy” in Cambodia, though some politicians expressed regret about a missed opportunity to take concrete measures. The conclusions, passed by the European ...

Leonie Kijewski
http://www.phnompenhpost.com/national/eu-council-condemns-crackdown-stops-short-concrete-action

EU Calls for Cambodia Sanctions

The European parliament has voted to consider suspending Cambodia’s preferential “Everything But Arms” trade access to the European Union in response to the country’s authoritarian backslide. ...

David Boyle
https://www.voacambodia.com/a/eu-calls-for-cambodia-sanctions/4165063.html

Italy millers slam ‘unfair’ EBA

Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...

Daniel de Carteret
http://www.phnompenhpost.com/business/italy-millers-slam-%E2%80%98unfair%E2%80%99-eba

Sugar exports to stay duty free, EU trade czar says

European Union Trade Commissioner Karel de Gucht said he has no plans to launch an investigation into Cambodia’s much-criticized sugarcane plantations after a meeting with Commerce Minister Sun Chanthol in Phnom Penh on Tuesday. Bottom line: Cambodia’s free trade benefits to Europe are safe for ...

Zsombor Peter
http://www.cambodiadaily.com/news/sugar-exports-to-stay-duty-free-eu-trade-czar-says-54447/

Sugar on EU visit’s agenda

European Union Trade Commissioner Karel de Gucht will visit Cambodia this week, the European Commission announced, with rights groups hoping that land grabbing related to sugar plantations will be high on the agenda. Following bilateral meetings in Brussels last week between Cambodia and the EU during ...

Kevin Ponniah and Vong Sokheng
http://www.phnompenhpost.com/national/sugar-eu-visit%E2%80%99s-agenda

Meeting on bitter sugar issues

An ad hoc committee comprised of representatives from the European Union, the Ministry of Commerce, provincial administrations and the sugar industry met again yesterday at the ministry’s headquarters to continue its discussion of issues faced by those displaced by sugar plantations. The committee touched upon topics ...

Stuart White
http://www.phnompenhpost.com/national/meeting-bitter-sugar-issues

Exporters of rice now subject to origin test

Stringent rules to prove that rice exported from Cambodia is actually from Cambodia will be detailed today, according to a copy of a joint agreement between the Ministry of Commerce and industry associations. The Code of Conduct seeks to reassure the European Union that rice is ...

Daniel de Carteret and Chan Muy Hong
http://www.phnompenhpost.com/business/exporters-rice-now-subject-origin-test

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