News

Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead. ...

While exiting the Least Developed Country (LDC) status is considered a development milestone for Cambodia, it also means loss of trade benefits enjoyed by LDCs, including duty-free status under the Generalized System of Preferences by various countries especially the European Union. ...

Cambodia is expected to see the graduation from the Least Developed Country (LDC) status in 2029, two years longer than previously scheduled 2027. ...

Cambodia’s remarkable decline in poverty rate is a positive step towards the Southeast Asian country’s graduation from the Least Developed Country (LDC) status, a United Nations official said on Tuesday. ...

Cambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the exit, challenges and the loss of trade preference schemes have been made. ...

The Ministry of Environment, in collaboration with the Secretariat of the UN Framework Convention on Climate Change (UNFCCC), is holding a four-day workshop from July 12-15. ...

Following confirmation of Cambodia’s eligibility to depart from the least developed country (LDC) status for the first time ever in 2021, the UN has stated graduation could be recommended “as early as 2027”, so long as the same standards are met when the Committee for ...

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14.   ...

The UN’s latest evaluation of Cambodia states that the Kingdom has fulfilled the three basic conditions necessary for graduation from least developed country (LDC) status, including a gross national income (GNI) per capita of $1,377 which surpasses the $1,222 threshold, according to Minister of Planning ...

Bilateral trade between Cambodia and the US in the first 11 months of 2021 topped $8.396 billion, surging by more than 32.1 per cent from over $6.355 billion in the same period last year, according to US Census Bureau (USCB) data on January 10. ...

Cambodia has asked the World Trade Organisation (WTO) to support a comprehensive study of its exit strategy from the group of the least developed countries (LDC), the Ministry of Commerce reported on December 6. ...

Facilitating investment flows to least developed and developing countries and creating favourable investment environments is necessary to support and accelerate economic recovery in the post-Covid-19 era, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea on October 22. ...

Pan Sorasak, Minister of Commerce of Cambodia, attended the virtual Ministerial Meeting of Least Developed Countries (LDCs) to examine and approve the Statement of LDCs for the 12th WTO Ministerial Conference to be held from Nov. 30 to Dec. 03, 2021 in Geneva, Switzerland. ...

Multilateralism is a very important tool to solve challenges being faced by the world, mainly the least developed countries (LDCs). ...

Six World Trade Organization members on Tuesday pledged a combined $13 million to finance the Enhanced Integrated Framework (EIF), a significant show of support for trade as a development tool. The pledge was made on the same day that Prime Minister Hun Sen addressed WTO members ...

The British government has attempted to assuage the fears of least developed countries (LDCs) including Cambodia by assuring them that they will retain their trade privileges to the United Kingdom following the country’s exit from the European Union ...

Prime Minister Hun Sen accused the World Trade Organization (WTO) of operating under a double standard yesterday, claiming the international trade body was applying pressure on small developing economies while overlooking the regulatory breaches of its more developed member states. ...

Cambodia is set to host a meeting in Siem Reap to help coordinate the trade interests of 48 least-developed countries (LDCs), said the Minister of Commerce Pan Sorasak on Thursday.“The members of the World Trade Organization (WTO) were confident in us and chose Cambodia, at ...

Cambodia has been selected to chair the Global Coordination Bureau of the Least Developed Countries (LDCs) next year, state-owned media outlet AKP reported yesterday. ...

The Kingdom’s rice exports to the European Union (EU), which now enjoy duty and quota free access, could be threatened if the regional grouping agrees to Italy’s request to limit rice imports from least developed countries (LDCs). Italy is Europe’s top premium rice producer and ...

KAMPONG SPEU PROVINCE— Three years ago, Pao had a farm and a charcoal stove near a stream in a community called Omlaing in western Cambodia. The farm gave her rice, charcoal sales gave her extra income and the nearby forest provided edible and medicinal plants. Pao ...

Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ...