China’s aid, investment greatly contribute to Cambodia’s development

Cambodia’s Minister of Commerce Pan Sorasak said here on Monday that China’s official development assistance and investment have greatly contributed to the socioeconomic development in the Southeast Asian country. ...

Khmer Times Staff

Cambodia’s trade turnover over $19.2 bn in Jan-May 2023; 14% YoY drop

Cambodia’s trade turnover with global partners topped $19.2 billion in the first five months this year, a 14 per cent year on year (YoY) decline, government statistics show. ...

Khmer Times Staff

Cambodia and UAE negotiate trade deal

Cambodia and the United Arab Emirates (UAE) have thrashed out a deal after three rounds of negotiations over the Comprehensive Economic Partnership (CEPA) trade agreement. ...

Mao Sreypich

VISA commits to promotion of e-commerce and digital economy of Cambodia

VISA has committed to the enhancement of e-commerce and digital economy of Cambodia, affirmed Chris Clark, VISA’s Regional President for Asia Pacific, while paying a courtesy call on Pan Sorasak, Minister of Commerce, at the ministry office yesterday afternoon. ...

Khmer Times Staff

Cambodia-Korea FTA to come into force next month

The Ministry of Commerce and the Embassy of the Republic of Korea in Phnom Penh on Thursday co-organised a workshop on dissemination of the benefits and export procedures to local exporters under the Cambodia-Korea Free Trade Agreement (CKFTA). ...

Khmer Times Staff

Cambodia-UAE bilateral trade rises by 40 percent in first eight months

The two-way trade between Cambodia and the United Arab Emirates (UAE) reached almost $280 million in the first eight months of this year, up over 40 percent compared to same period in 2021. ...

Khmer Times Staff

ASEAN, India look for closer economic cooperation

Members of the Association of Southeast Asian Nations (ASEAN) and India on September 16 held the 19th consultation meeting on economic cooperation in Cambodia under the chair of Cambodian Minister of Commerce Pan Sorasak and India’s Minister of State for Commerce and Industry Anupriya Patel. ...

Khmer Times Staff

Myanmar, Cambodia expedite talks on two trade cooperation deals

Citing low bilateral trade volume, Myanmar and Cambodia are expediting talks on two draft agreements to raise trade cooperation. Cambodian commerce minister Pan Sorasak recently called on the two sides for more discussions on economic and trade progress “within the regional and bilateral frameworks aimed ...

Khmer Times Staff

Cambodia, UK to tighten bilateral trade cooperation

Cambodia and the United Kingdom have committed to strengthening their bilateral cooperation to further boost the economic and trade development. ...

Khmer Times Staff

Cambodia launches 1st B2B2C e-commerce platform

Cambodia on Thursday launched the country’s first business-to-business-to-customer (B2B2C) e-commerce platform, aiming to help small and medium-sized enterprises (SMEs) sell their products to potential clients, said Commerce Minister Pan Sorasak. ...

Khmer Times Staff

AMS agree on working plan toward expediting regional economic recovery

ASEAN economic ministers ended their virtual 28th AEM Retreat on Wednesday, agreeing to charter ASEAN’s regional work plan for 2022 in setting priorities towards expediting regional economic recovery. ...

Khmer Times Staff

Sorasak sees Cambodia-Czech bilateral trade boost in 2022

The trade volume between Cambodia and Czech Republic reached around $126 million in 2019. However, due to the adverse impact of Covid-19, trade between both countries shrank to about $80 million by 2020 and 2021. But Cambodia’s Minister of Commerce Pan Sorasak expects an improvement ...

Sok Sithika

Cambodia’s export to Canada under free tariffs and free quotas reaches $954.82 million

Pan Sorasak, Minister of Commerce, met with Dr. Sarah Taylor, Ambassador of Canada to the Kingdom of Cambodia to enhance cooperation between the two countries and promote some priority areas. ...

Khmer Times Staff

Cambodia sets up working group to develop strategy to take advantage of free trade agreement with China, Korea

The Ministry of Commerce has set up a working group to study and collect input from stakeholders and the private sector to develop strategies to maximize the implementation of the Free Trade Agreement, of which Cambodia is a signatory. This was said by Pan Sorasak, ...

Khmer Times Staff

Commerce Minister signs free trade deal with S. Korea

Cambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony yesterday. ...

Michael Firn

Cambodia and Australian trade ministers meet to discuss boost of trade and investment

The Cambodian Minister of Trade met with the Australian counterpart to discuss opportunities and ways in which trade and investment could be boosted in the country. ...

Khmer Times Staff

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

The commerce minister reaffirms trade cooperation with Singapore

Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...

Michael Firn

Cambodia to host Asia-Europe business forum in November

The Ministry of Commerce will host its first Asia-Europe Business and Economic Forum in November via virtual video conference, said Minister Pan Sorasak. ...

Sar Socheath

EU team to arrive for EBA talks

An Eu delegation is set to arrive in Phnom Penh next week for a two-day official visit to discuss the process for withdrawing Cambodia’s access to its preferential ‘Everything But Arms’ (EBA) agreement, officials said on Tuesday. Meanwhile, analysts have called on the EU to ...

Niem Chheng

Koh Kong ‘Vacation Town’ to cost $1.2B

Union Development Group (UDG), the Chinese developer behind Koh Kong province’s $3.8 billion tourism project called Dara Sakor, has unveiled plans for yet another project called “Tourism Vacation Town”. The announcement comes despite the company releasing little information about its previously touted venture. ...

Hor Kimsay

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