UN official sees Cambodia’s plunged poverty rate as positive step towards LDC graduation

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. ...

Khmer Times Staff

Cambodia confirms readiness to exit LDC status

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. ...

Chea Vanyuth

UN’s Kingdom LDC graduation triennial review in 2024

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 ...

Josh Downs

Kingdom may exit LDC ‘by 2028’ on RCEP

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.   ...

May Kunmakara

Kingdom on track for LDC graduation

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 ...

Voun Dara

Cambodia-US trade rises 32%

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. ...

Hom Phanet

WTO help sought in LDC exit

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. ...

Hom Phanet |

Investment fabric ‘vital to LDC recoveries’

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. ...

May Kunmakara

Cambodian commerce minister attends virtual ministerial meeting of LDCs

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. ...

Khmer Times Staff

Multilateralism, a key tool for current global issues

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

Khmer Times Staff

WTO nations reaffirm pledge to aid LDCs through trade

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 ...

May Kunmakara

UK to maintain Cambodia’s duty-free access

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 ...

Kali Kotoski

Level the playing field: PM to World Trade Organization

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. ...

Kali Kotoski and Touch Sokha

Cambodia to host LDC roundtable

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 ...

Sum Manet

Cambodia will chair LDC bureau at WTO

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. ...

Post Staff

Rice exports to EU threatened

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 ...

Sok Chan

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