News

RCEP set to boost Cambodia exports by 9-18% yearly

The Regional Comprehensive Economic Partnership will boost Cambodia’s export by 9.4 percent to 18 percent yearly, contributing to up to 3 percent annual economic growth. ...

Chea Vanyuth
https://www.khmertimeskh.com/501041189/rcep-set-to-boost-cambodia-exports-by-9-18-yearly/

Cambodia, Oz to bolster trade, investment

Cambodia and Australia have reaffirmed their commitment to further boosting trade, investment and cooperation, especially on post-Covid recovery initiatives in all areas, according to the Ministry of Commerce on March 11. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-bolster-trade-investment

Cambodia-Oz trade rises 52% in 2021

Australia has reaffirmed its commitment to furthering business dealings with Cambodia, as data from the commerce ministry revealed that bilateral trade volume between the two countries reached $324.492 million in 2021 – a 52 per cent surge year-on-year despite the ongoing Covid-19 crisis. ...

Hom Phanet
https://www.phnompenhpost.com/business/cambodia-oz-trade-rises-52-2021

First firm issued RCEP CO exporting shoes to China

A shoe exporter has become the first company in Cambodia to receive a Certificate of Origin (CO) to export goods to China under the Regional Comprehensive Economic Partnership (RCEP) ratified in October last year.   ...

Hom Phanet
https://www.phnompenhpost.com/business/first-firm-issued-rcep-co-exporting-shoes-china

400K tonnes of cassava for SW China

Cambodia will export 400,000 tonnes of dried cassava to the Guangxi Zhuang Autonomous Region “from March 2022 to March 2023”, under a new agreement between the Ministry of Commerce and the southwestern Chinese region, according to the ministry. ...

Hin Pisei
https://www.phnompenhpost.com/business/400k-tonnes-cassava-sw-china

Cambodia third in RCEP income gains, growth in exports, WB says

Cambodia ranked third in both real income gains and export growth among Regional Comprehensive Economic Partnership (RCEP) members, according to the World Bank (WB).   ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-third-rcep-income-gains-growth-exports-wb-says

Trade pacts will draw investment to Cambodia

The Regional Comprehensive Economic Partnership free trade pact and bilateral free trade agreements are among the key factors attracting foreign direct investment to Cambodia, a senior official says. ...

Khmer Times Staff
https://www.khmertimeskh.com/501028665/trade-pacts-will-draw-investment-to-cambodia/

ASEAN FMs reiterate commitment to ensure full, effective implementation of RCEP agreement

Foreign ministers of the Association of Southeast Asian Nations (ASEAN) have reiterated their commitment to ensure the full and effective implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect on January 1, Cambodian Foreign Minister Prak Sokhonn said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501028293/asean-fms-reiterate-commitment-to-ensure-full-effective-implementation-of-rcep-agreement/

Kingdom, South Korea plan for post-FTA era

South Korea has pledged to expand economic and trade cooperation with Cambodia after a free trade agreement (FTA) signed by the two countries last year enters effect in the near future, Prime Minister Hun Sen affirmed in a statement at the weekend. ...

Hom Phanet
https://www.phnompenhpost.com/business/kingdom-south-korea-plan-post-fta-era

RCEP trade pact takes effect in South Korea

The mega free trade pact of the Regional Comprehensive Economic Partnership took effect in South Korea on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501018289/rcep-trade-pact-takes-effect-in-south-korea/

RCEP affirms resurgence of multilateralism: Cambodia’s FM

The Regional Comprehensive Economic Partnership (RCEP) free trade agreement, which took effect on Jan. 1, has affirmed the resurgence of multilateralism, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501015314/rcep-affirms-resurgence-of-multilateralism-cambodias-fm/

2021 Korea trade tops $965M

Bilateral trade between Cambodia and South Korea reached $965.132 million last year, a 9.015 per cent surge from $885.322 million in 2020, according to data from the Korea International Trade Association (Kita). ...

Hin Pisei
https://www.phnompenhpost.com/business/2021-korea-trade-tops-965m

RCEP takes effect as world rings in 2022

In the week ahead, world leaders are expected to deliver their New Year’s Eve addresses as people all over the globe ring in the year of 2022, which is when the Regional Comprehensive Economic Partnership (RCEP) agreement will take effect. ...

Khmer Times Staff
https://www.khmertimeskh.com/50995612/rcep-takes-effect-as-world-rings-in-2022/

China to help set up jab factory

China pledged to provide more vaccine assistance to Cambodia and to establish a production facility in the Kingdom as the Covid-19 situation remains uncertain with the emergence of new variants and no clear end in sight. ...

Voun Dara
https://www.phnompenhpost.com/national/china-help-set-jab-factory

Cambodian parliament ratifies RCEP, world's biggest free trade pact

The National Assembly of Cambodia on Thursday ratified the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA), which comprises 15 Asia-Pacific countries. ...

Xinhua
http://www.china.org.cn/business/2021-09/10/content_77744958.htm

RCEP is key to post-pandemic recovery here

As a member of the world’s largest trade deal, Cambodia’s post-pandemic economic reality is likely to be forged by the 15-nation deal that will encompass about 30 percent of global gross domestic product, according to experts. ...

Husain Haider
https://www.khmertimeskh.com/50918763/rcep-is-key-to-post-pandemic-recovery-here/

Trade draft laws ‘effective in 2021’

Three major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-draft-laws-effective-2021

Assembly approves RCEP trade agreement

The National Assembly yesterday approved the Regional Comprehensive Economic Partnership (RCEP), prepping the stage for the agreement to come into effect by early next year. ...

https://www.khmertimeskh.com/50878878/assembly-approves-rcep-trade-agreement/

MoC responds to UN study citing negative RCEP impact on revenue

An official from the Ministry of Commerce said the Regional Comprehensive Economic Partnership Agreement (RCEP) will definitely open up opportunities for Cambodia. He was speaking in response to a report released by the United Nations Conference on Trade and Development (UNCTAD) citing potential serious negative ...

Sok Chan
https://www.khmertimeskh.com/50832267/moc-responds-to-un-study-citing-negative-rcep-impact-on-revenue/

Long-awaited RCEP signing ‘bodes well for economic upturn’

The long-awaited Asia-Pacific Regional Comprehensive Economic Partnership (RCEP) agreement was officially signed yesterday.  The signing brings renewed hopes for comprehensive change in the flow of regional trade and investment and the promotion of intra-bloc supply chains capable of bolstering trust among members of the region’s ...

Sok Chan
https://www.khmertimeskh.com/50783043/long-awaited-rcep-signing-bodes-well-for-economic-upturn/

Alternative to TPP shows no sign of activity: analysts

While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership (TPP), which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/air-cargo-volume-soars-again

Concern over trade deal’s investor dispute mechanism

A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...

Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism

While TPP looms, RCEP sidelined

The Regional Comprehensive Economic Partnership (RCEP) should also be given priority as the Kingdom eyes to join the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

May Kunmakara
http://www.khmertimeskh.com/news/26066/while-tpp-looms--rcep-sidelined/

Asia-Pacific negotiators end talks without free trade goal

Negotiators from 16 Asia-Pacific countries ended their eighth round of talks to promote a deal that would free up their trade early Sunday, falling short of setting any ambitious goal of eliminating tariffs. ...

The Mainichi Daily News Staff
http://mainichi.jp/english/english/newsselect/news/20150614p2g00m0bu014000c.html

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