News

Cambodia, Mekong countries cement economic ties

The Ministry of Commerce (MoC) took part in the economic and trade cooperation seminar held in Chongqing city to strengthen collaboration in the fields of joint infrastructure connectivity between the countries along the Mekong River which includes Laos, Myanmar, Thailand, Vietnam and China. ... ...

Nhean Chamrong
https://www.khmertimeskh.com/501399333/cambodia-mekong-countries-cement-economic-ties/

Record farming exports seen for 2023

Cambodia's agricultural exports surpassed 6.2 million tonnes during the first ten months of the year, amounting to more than $3.5 billion across 74 countries, according to the Ministry of Agriculture, Forestry and Fisheries. ... ...

Van Socheata
https://www.phnompenhpost.com/business/record-farming-exports-seen-for-2023

Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy

The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/

India critical to Cambodia’s FTA expansion plans

The emerging superpower India stands as a high potential for the Kingdom’s Free Trade Agreement (FTA) expansion plans, a leading Cambodian academician and international development expert has opined. ... ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501359583/india-critical-to-cambodias-fta-expansion-plans/

Indian investors urged to consider Cambodia as a “gateway to ASEAN”

In order to take advantage of Cambodia’s potential as a gateway to ASEAN through a number of significant free trade agreements and initiatives that the leaders of the two countries are working on, the Indian ambassador to Cambodia has urged Indian investors to grasp commercial ...

Khmer Times Staff
https://www.khmertimeskh.com/501357456/indian-investors-urged-to-consider-cambodia-as-a-gateway-to-asean/

ASEAN sec-gen applauds implementation of RCEP

ASEAN Secretary-General Kao Kim Hourn expressed optimism with the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement in a transparent manner, as businesses in the region have wider opportunities to trade and invest now. ... ...

Ry Sochan
https://www.phnompenhpost.com/national-politics/asean-sec-gen-applauds-implementation-rcep

Cambodia hopes RCEP, bilateral FTAs to boost exports of garment, footwear, travel goods

Cambodia has pinned hopes on the Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral Free Trade Agreements (FTAs) to boost its exports of garment, footwear and travel (GFT) goods. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501325280/cambodia-hopes-rcep-bilateral-ftas-to-boost-exports-of-garment-footwear-travel-goods/

Nine new investments worth $77M to deliver 17K jobs

The Council for the Development of Cambodia’s (CDC) two regular notices issued month-to-date reveal that the government body has approved registration certificates for nine new private investment projects – all in manufacturing – valued at a total of $77.4 million and set to deliver an ...

Hin Pisei
https://www.phnompenhpost.com/business/nine-new-investments-worth-77m-deliver-17k-jobs

Chinese-owned Kratie tyre plant gets CDC’s nod

Newbustar (Cambodia) Tire Co Ltd, a member of the Chinese state-owned Doublestar Group, is investing some $138 million in a tyre factory in Kratie province’s southeast to tap into the domestic market. ... ...

May Kunmakara
https://www.phnompenhpost.com/business/chinese-owned-kratie-tyre-plant-gets-cdcs-nod

GDCE: Tax revenue reduction offset by investment

Cambodia is a signatory to 10 free trade agreements (FTA) which cost the Kingdom over $400 million in lost tax revenue each year. This is nonetheless recovered by the growth of investment and export markets, said the General Department of Customs and Excise of Cambodia ...

Van Socheata
https://www.phnompenhpost.com/business/gdce-tax-revenue-reduction-offset-investment

Furniture exports decrease by almost 29% on-year to $164M in January-April

Cambodia earned $164.111 million from the export of “furniture, lighting signs, prefabricated buildings” in the first four months of 2023, down 28.82 per cent year-on-year from $230.544 million and down 52.01 per cent half-on-half (compared to July-October 2022) from $341.97 million, according to provisional Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/furniture-exports-decrease-almost-29-year-164m-january-april

Investment projects promise almost 80K new job opportunities

The Council for the Development of Cambodia (CDC) notices issued in the January-May period reveal that the government agency approved 61 new private investment projects – both inside and outside of special economic zones (SEZ) – totalling $516.64 million and set to deliver an estimated ...

Hin Pisei
https://www.phnompenhpost.com/business/investment-projects-promise-almost-80k-new-job-opportunities

Cambodia aims at more FTAs to boost economic growth

The government is considering the establishment of more bilateral free trade agreements to access broader markets for Cambodia-made products. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501233025/cambodia-aims-at-more-ftas-to-boost-economic-growth/

Cambodia eying more bilateral FTAs

The Royal Government of Cambodia has been pushing for the establishment of more bilateral free trade agreements (FTAs) with main trade partners in order to access wider markets for the Cambodia-made products. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501232448/cambodia-eying-more-bilateral-ftas/

Private trade centres eyed for five cities across China

The Ministry of Commerce plans to set up five Cambodian private business centres in China to step up the Kingdom’s exports to the East Asian giant and maximise use of the bilateral free trade agreement (FTA) between the two countries, the ministry’s two-day annual meeting ...

Hin Pisei
https://www.phnompenhpost.com/business/private-trade-centres-eyed-five-cities-across-china

South Korea investment sought as five MoUs signed

Two high-ranking Cambodian officials have issued fresh rallying calls for South Korean entities to invest in the Kingdom and take advantage of its bilateral and multilateral trade pacts, especially the Cambodia-Korea Free Trade Agreement (CKFTA) that took effect on December 1. ... ...

May Kunmakara and Van Socheata
https://www.phnompenhpost.com/business/south-korea-investment-sought-five-mous-signed

Cambodia looks at FTA possibility with Switzerland

Cambodia, which successfully entered into several free trade agreements (FTA) last year, is looking at the prospect of having a similar partnership with Switzerland. ... ...

Adur Pradeep
https://www.khmertimeskh.com/501225199/cambodia-looks-at-fta-possibility-with-switzerland/

Hun Sen encourages Korean investment

Prime Minister Hun Sen asked a former South Korean leader to help promote Cambodia and attract more Korean investors to the Kingdom now that there is a free trade agreement (FTA) in place between the countries. ... ...

Lay Samean
https://www.phnompenhpost.com/business/hun-sen-encourages-korean-investment

Australia to help develop FTA portal to promote trade, investment

Australia’s Ambassador to Cambodia Pablo Kang and Minister of Commerce Pan Sorasak jointly launched two publications: “Cambodian Crops with Prospects for the EU and RCEP Markets” and, “Cambodia and Unlocking Global Markets by Leveraging Free Trade Agreements”. ... ...

Sok Sithika
https://www.khmertimeskh.com/501216671/australia-to-help-develop-fta-portal-to-promote-trade-investment/

Ministry of Commerce works to open rice market through FTAs

Efforts to open the rice market and process rice-derived products through free trade agreements (FTAs) has paved a way for the increase of exports over the last 10 months of the year. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501190734/ministry-of-commerce-works-to-open-rice-market-through-ftas/

SSEZ trade volume hits $2B in 10 months

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) totalled $2.069 billion in the first 10 months of 2022, marking a 17.09 per cent rise year-on-year from $1.767 billion, according to statistics posted by the operator at the weekend. ... ...

Hin Pisei
https://www.phnompenhpost.com/business/ssez-trade-volume-hits-2b-10-months

Cambodia set for more bilateral FTAs

The Cambodian government is pushing for the establishment of more bilateral free trade agreements with main trade partners in a bid to access wider markets for the country’s products. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501178750/cambodia-set-for-more-bilateral-ftas/

Electric gear, linked exports record shocking 64% jump

Cambodia exported $1.090 billion worth of electrical machinery and equipment and related products in the first eight months of 2022, up 64.18 per cent from the $663.585 million recorded over the same time in 2021, according to Customs. ... ...

Hin Pisei
https://www.phnompenhpost.com/business/electric-gear-linked-exports-record-shocking-64-jump

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