News

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
https://www.phnompenhpost.com/national/eu-team-arrive-eba-talks

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
https://www.phnompenhpost.com/business/koh-kong-vacation-town-cost-12b

Cassava in focus of Green Leader, UN deal

Hong Kong-based Green Leader Holding Group and the United Nations Development Progamme (UNDP) signed a cost-sharing agreement on Thursday to implement an $800,000 project on accelerating the cassava market. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/cassava-focus-green-leader-un-deal

China should invest in Battambang milling plant

The Minister of Commerce Pan Sorasak urged a Hunan-based company to take advantage of the vast, untapped potential in the agricultural sector and to invest in an export processing plant in Battambang. ...

May Kunmakara
https://www.khmertimeskh.com/50519249/china-should-invest-in-battambang-milling-plant/

Program aimed at speeding up export launched

The Commerce Ministry officially launched a program yesterday giving the authority to issue certificate of origin licences to four provinces along the Thai border, potentially expediting the export process for agricultural businesses in the region. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/program-aimed-speeding-export-launched

Cambodia thanks Australia for agriculture support

Cambodia reiterated the important role Australia plays in the development of its agriculture sector and urged leaders of the Commonwealth nation to support the modernisation of the industry through investments in modern factories and machinery. ...

Sok Chan
http://www.khmertimeskh.com/50114866/cambodia-thanks-australia-for-agriculture-support/

Deal for yuan trade with China in works

Officials in Cambodia and China’s Guangdong province are cooperating to establish trade using yuan instead of US dollars, part of the two countries’ increasingly close economic relationship. The suggestion to use yuan directly, instead of using US dollars as an intermediary currency, was made by ...

Hor Kimsay
http://www.phnompenhpost.com/business/deal-yuan-trade-china-works

Exports rose 19 percent: Commerce Ministry

The Commerce Ministry yesterday announced a 19 percent surge in exports for the year and a quadrupling of revenue collected from import licence fees, but would not provide analogous figures for total imports or explain what could be driving the increases. According to the ministry’s annual ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/exports-rose-19-percent-commerce-ministry

Commerce Minister calls for self-reliance

As Cambodia continues its impressive economic development and reaches higher stages of industrialisation and social well-being, there is an urgent need to prepare for future cutbacks in international development assistance, the Commerce Minister said on Friday. ...

Sum Manet
http://www.khmertimeskh.com/5096663/commerce-minister-calls-self-reliance/

As Hun Sen goads West, minister quietly notes massive cost of sanctions

With Prime Minister Hun Sen publicly daring Western countries to impose sanctions in response to the recent dissolution of the country’s main opposition, the minister of commerce has quietly expressed concern at the staggering customs bill Cambodia would incur should the EU suspend its preferential ...

Hor Kimsay and Ananth Baliga
http://www.phnompenhpost.com/national-politics/hun-sen-goads-west-minister-quietly-notes-massive-cost-sanctions

Smooth trade to put $2B exports in reach

Cambodia could expand its foreign trade by up to 16 percent, adding approximately $2 billion worth of exports, by complying with a new international trade protocol that aims to slice through the red tape that slows and complicates cross-border trade. ...

Kali Kotoski
http://www.phnompenhpost.com/business/smooth-trade-put-2b-exports-reach

Indonesia needs cheaper rice

Indonesia would consider buying more rice from Cambodia if the price was more competitive, the Indonesian ambassador to Cambodia told reporters after the Indonesian Trade and Tourism Promotion 2016 expo in Phnom Penh on Friday. Ambassador Pitono Purnomo said that Cambodia and Indonesia signed a ...

Sok Chan
http://www.khmertimeskh.com/news/30146/indonesia-needs-cheaper-rice/

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. ...

Hor Kimsay
http://www.phnompenhpost.com/business/gsp-exemption-pitched

$27 mil to help rice sector

In an effort to appease rice farmers and stimulate rice millers to purchase fragrant rice currently being harvested across the country, the government announced that it had found $27 million to pay for emergency measures. The Ministry of Economy and Finance released a statement on Friday ...

Sok Chan
http://www.khmertimeskh.com/news/29875/-27-mil-to-help-rice-sector/

Wing to handle gov’t fees

In an effort to increase transparency and accuracy, the payment of fees for government services such as business and vehicle registration, and taxes in the future, is now being handled by Wing Specialized Bank, the Commerce Ministry announced yesterday. A memorandum of understanding (MoU) was signed ...

May Kunmakara
http://www.khmertimeskh.com/news/29819/wing-to-handle-gov---t-fees/

Government investigates rice sector

Following a Monday announcement from the Agriculture Ministry that provincial officials must ensure that the country’s rice millers pay adequate prices for rice paddy, the ministry followed up yesterday, saying that working groups had started discussing the situation with rice millers and rice farmers. In a ...

Sok Chan
http://www.khmertimeskh.com/news/29775/government-investigates--rice-sector/

Cambodia-Laos MoU on GI

Cambodia’s Ministry of Commerce and Laos’ Ministry of Science and Technology last week signed a memorandum of understanding (MoU) to cooperate in the protection of trademarks and geographical indications (GI). ...

Sok Chan
http://www.khmertimeskh.com/news/29639/cambodia-laos-mou-on-gi/

Thais to facilitate blocked maize exports

A month after Thailand blocked agricultural products from Cambodia over improperly stamped and signed certification documents, the Thai ambassador on Friday pledged to seek a solution for Cambodia’s maize exports. Commerce Minister Pan Sorasak said on Saturday that Cambodian authorities are doing their utmost to solve ...

Chea Vannak
http://www.khmertimeskh.com/news/29311/thais-to-facilitate-blocked-maize-exports/

Minister discusses regional EU trade deal

Minister of Commerce Pan Sorasak held a meeting with representatives of the European Union this week to discuss the formulation of a new trade program to be supported by the EU, the Ministry of Commerce announced yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/minister-discusses-regional-eu-trade-deal

SMEs: don’t look down on local goods

The Ministry of Commerce and representatives of small and medium enterprises (SMEs) came together on Friday to discuss ways to boost the promotion of made-in-Cambodia goods, both in local and international markets, against a background of local supermarkets discriminating against these local products. Minister of Commerce ...

Sum Manet
http://www.khmertimeskh.com/news/29022/smes--don---t-look-down-on-local-goods/

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