News

Nation sets sights on trade policy improvement

Laos will continue to be active in improving its regulations and work plan to adapt to the World Trade Organisation rules after the country became a member in 2013. Despite Laos’ membership status, there are still many issues which need to be improved in order ...

$158 million to develop agriculture

The United States Agency for International Development and the International Fund for Agricultural Development jointly agreed on February 7 in an agreement to earmark $158 million as support to the kingdom’s Agricultural Strategic Development Plan. “The agreement will oversee the development and enactment of policies with the ...

Cambodia eyes Swedish trade

Cambodia is seeking to expand its market for milled rice to Sweden and is looking for ways to cooperate further in trade and investment. Prime Minister Hun Sen, at the World Economic Forum in Switzerland, yesterday asked his Swedish counterpart Stefan Lofven to consider rice imports ...

Migration crisis looms over Mekong Delta

Young people are leaving the Mekong Delta, Vietnam’s rice bowl, while the region’s economic growth is declining. These issues were discussed at the conference about socio-economic development of the Mekong Delta 30 years after the economic reforms implemented in 1986 held by Vietnam Academy of Social ...

Agro-forestry-fishery export value up 6.3%

The total export value of agro-forestry-fishery products in the first ten months of this year reached US$26.4 billion, a year-on-year increase of 6.3 per cent, according to the Ministry of Agriculture and Rural Development. Specifically, export value was $12.5 billion from of main farming products, ...

Trade deal to reduce tariffs with Vietnam

Cambodia and Vietnam inked an agreement on October 26 to drop import tariffs on dozens of products in an effort to boost bilateral trade. Cambodian Commerce Minister Pan Sorasak signed a memorandum of understanding with Vietnamese Minister of Trade and Industry Tran Tuan Anh ahead of the ...

Myanmar weighs merits of India bean agreement

India is playing hardball with Myanmar’s beans and pulses sector, pushing for a per-tonne deal that falls well short of domestic market rates. Assistant director of the Ministry of Commerce U Khin Maung Lwin confirmed that Myanmar and India are locked in negotiations over a proposed ...

Agro SEZ to grow China exports

A Chinese firm plans to invest at least $2 billion into developing the Kingdom’s first special economic zone geared entirely for agro-processing and storage, with the sprawling zone’s factories and warehouses aimed at meeting the growing potential for Cambodia to export its agricultural produce to ...

Export optimism varies according to sector

Despite signs of a recovery in the export sector, Thai manufacturers and exporters have been encouraged to focus more on product development, brand recognition, and adding value to enhance competitiveness in global markets. For the rest of this year, exporters expect exchange-rate fluctuations will still ...

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