DCTS to govern Cambodia-United Kingdom trade from April
The Developing Countries Trading Scheme (DCTS) of the United Kingdom (UK) will come into effect in April and Cambodia is among the 65 beneficiaries of it. The scheme will replace the Generalised System of Preferences (GSP). ...
US lobby group calls for full taxes on all Cambodian rice
Cambodian rice exports to the US could face full tariffs after a lobby group called for the imposition of full tariffs on the crop. Currently, the Kingdom’s rice enjoys some tax-protection under what is known as the Generalised System of Preferences (GSP)-eligible commodities list. However, ...
Exports of footwear and travel goods buoyed by tariff privileges
Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...
Exports to US soar in H1
Cambodia’s shipments to the world’s largest market grew by 30 percent from January to June, the data show. $2.24 billion worth of Cambodian goods were purchased by the US. ...
US senators call for GSP trade privilege cut
Two US senators on Wednesday introduced the Cambodian Trade Act of 2019 bill, requiring the administration to re-examine Cambodia’s eligibility to access the preferential trade treatment granted by the US under the General System of Preferences (GSP). ...
Report: Kingdom’s total exports increase to $10 billion this year
The Kingdom’s total exports for this year increased more than 23 per cent from last year to $10.36 billion, led by garments and agro-products, according to the Ministry of Commerce’s annual report. ...
Bag firm plans to grow local operations
Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...
Cambodia has sole objective for US
Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...
Exports to US bounce back on revised GSP
Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...
Ticon follows factory shift to Cambodia
Ticon Industrial Connection Plc, a Thai-based factory and warehouse developer, is expanding its operations into fast-growing Southeast Asian economies, including Cambodia, to help offset sluggish growth at home. ...
GSP exemption pitched
A roadshow to Hong Kong this week to pitch Cambodia’s newly received duty-free access on travel goods to the US market was successful, but manufacturers have yet to sign concrete deals to establish new production lines here, a delegate of the returning business mission said. ...
Drop in US exports seen as a wake-up call
The industry body for the nation’s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive advantage, threatening the future of ...
Travel-goods makers told act now or risk missing the boat
Just weeks since the United States announced it would grant new trade privileges that allow Cambodian-manufactured travel goods such as luggage and backpacks to enter the US market duty-free under its Generalised System of Preferences (GSP) scheme, a visiting American trade official hinted yesterday that ...
US extends GSP for Thailand
The United States has agreed to renew its Generalised System of Preferences (GSP) for Thailand until the end of 2017, the Commerce Ministry revealed on Wednesday. The reinstatement order happened on Monday. It is valid four years and five months. As the tariff privilege takes retroactive ...
Bangkok Post News Staff