News

Nontariff barriers continue to hinder regional trade

While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the ...

Kali Kotoski
http://www.phnompenhpost.com/business/nontariff-barriers-continue-hinder-regional-trade

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

US delegation urges gov’t to speed up reform

Cambodia must accelerate economic reform and develop a sense of “urgency” if it wishes to continue to attract American investment amid growing regional competition, the head of the US-ASEAN Business Council said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/us-delegation-urges-govt-speed-reform

US ambassador urges investment treaty

Cambodia has been asked to accelerate the final negotiations for a bilateral investment treaty with the United States to pave the way for more American investment in the Kingdom. ...

Sok Chan
http://www.khmertimeskh.com/news/26569/us-ambassador-urges-investment-treaty/

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/

US supports TPP bid

The United States yesterday threw its support behind Cambodia becoming a member of the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

Chea Vannak
http://www.khmertimeskh.com/news/25980/us-supports-tpp-bid/

Commerce minister says TPP could help Cambodian trade

Cambodia will need several years to chart a path toward joining the US-led Trans-Pacific Partnership, but Commerce Minister Sun Chanthol believes it would be worth the effort. ...

Hul Reaksmey
http://www.opendevelopmentcambodia.net/wp-admin/post.php?post=87802&action=edit

Cambodia is open for investment, PM tells America

Prime Minister Hun Sen yesterday made a direct appeal to businesses in the United States to increase investment in Cambodia, ahead of the US-ASEAN Summit in Sunnylands California, and just days after Deputy Prime Minister Sok An spoke with officials from the US Embassy here ...

Chea Vannak
http://www.khmertimeskh.com/news/21410/cambodia-is-open-for-investment--pm-tells-america/

Exports to US rise over 9 percent last year

With the American economy expanding, Cambodia’s total export to the country increased  slightly more than 9 per cent last year over 2014, the latest US trade data shows. ...

May Kunmakara
http://www.khmertimeskh.com/news/21104/exports-to-us-rise-over-9-percent-last-year/

Analysts urge caution in trans-pacific partnership with US

Cambodian officials say they are considering joining the US-led Trans-Pacific Partnership, but analysts say the country is a long way from being a part of the regional trade pact. ...

Hul Reaksmey
http://www.voacambodia.com/content/analysts-urge-caution-in-trans-pacific-partnership-with-us/3174872.html

Cambodia open to talks on ‘every issue’ with US, ambassador says

As Cambodia prepares for an official visit from US Secretary of State John Kerry next week, the country’s US ambassador says it would consider joining the Trans-Pacific Partnership. ...

Men Kimseng
http://www.voacambodia.com/content/cambodia-open-to-talks-on-every-issue-with-us-ambassador-says/3154335.html

Cambodia should not focus on Trans-Pacific Partnership, analysts say

As the US-led Trans-Pacific Partnership moves forward, analysts say Cambodia should focus on other obligations in the region.Jayant Menon, lead economist for the Asian Development Bank, told VOA Khmer from Manila that Cambodia would do better to try to meet its obligations under Asean and ...

Sok Khemara
http://www.voacambodia.com/content/cambodia-should-not-focus-on-trans-pacific-partnership-analysts-say/3013799.html

TPP puts Cambodia’s trade, investment in the spotlight

The conclusion of the Trans-Pacific Partnership agreement has industry insiders in Cambodia split over whether or not the new pact will limit the Kingdom’s trade growth potential in the US market and see future investments diverted to Vietnam.Ending a long-drawn negotiation process that lasted five ...

Ananth Baliga
http://www.phnompenhpost.com/business/tpp-puts-cambodias-trade-investment-spotlight

Commerce minister calls for review of regional trade deal

Commerce Minister Sun Chanthol on Monday asked the World Bank and the European Union to review a trio of new trade agreements with Cambodia’s neighbors to determine what impact the deals would have on the country’s exports. ...

Kang Sothear
https://www.cambodiadaily.com/business/commerce-minister-calls-for-review-of-regional-trade-deal-91378/

Cambodia’s Hun Sen slams ASEAN-splitting TPP

On April 19, the 24th World Economic Forum on East Asia kicked off in the Indonesian capital of Jakarta. One of the main events was a conversation on “East Asia in the New Global Context,” which featured two heads of state – Cambodian prime minister ...

Prashanth Parameswaran
http://bit.ly/1J4FSoA

Viet Nam to boost textile and garment exports

Viet Nam expects to raise its textile and garment production by 20 per cent in order to boost the sector’s export value by US$4 billion to $28.3 billion this year. Viet Nam also intends to step up its textile and garment exports by 13 per ...

Viet Nam News Staff
http://vietnamnews.vn/economy/266663/viet-nam-to-boost-textile-and-garment-exports.html

Hun Sen Announces Talks to Begin on Huge Free Trade Zone

A plan to create a free trade area covering roughly half the world’s population by 2015 was initiated yesterday by regional and world leaders meeting in Phnom Penh. During the Asean and related meetings at his office, Prime Minister Hun Sen announced that the group of ...

http://www.cambodiadaily.com

ASEAN-US business summit next week

United States Trade Representative Ron Kirk, will spend two days, August 30 and 31, in Siem Reap attending the 44th ASEAN Economic Ministers’ meeting and the ASEAN-US Business Summit. He is also scheduled to meet separately with Cambodian leaders and other participating ministers to discuss bilateral ...

http://www.phnompenhpost.com/index.php/2012082458256/Business/siem-reap-to-host-asean-us-business-summit.html

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