News
Banned rosewood trade up
Despite the presence of a blanket ban by the Cambodian government on all trade in Siamese rosewood since 2013, exports of the precious timber to Vietnam increased in the third quarter of this year, according to Vietnamese customs data compiled by US-based NGO Forest Trends. ...
Trump sinks Asia trade pact, opening the way for China to lead
An ambitious Asia-Pacific trade pact linking the United States and 11 countries lay in tatters on November 22 after U.S. President-elect Donald Trump said he would kill the deal on his first day in office on Jan. 20. Trump’s statement appeared to open the way for ...
Cambodia’s prized rice falls short at awards
Cambodia’s Phka Rumdoul variety of fragrant rice, which won the World’s Best Rice award for three consecutive years from 2012 to 2014, narrowly missed its fourth crown at this year’s awards held in Chiang Mai in northern Thailand last week. Thailand’s own Hom Mali – ...
Cashew industry sets standards
The Việt Nam Cashew Association has set standards for cashew processing to nudge the industry towards cleaner production and ensure consistent quality. The standards, announced at the eighth Việt Nam Golden Cashew Rendezvous in Đà Nẵng last week, cover input materials, technical requirements and equipment involved ...
Government speeds up EEC projects
The government vows to rev up construction of planned development projects under the Eastern Economic Corridor, which it hopes will form a new engine to drive economic growth. Prime Minister Prayut Chan-o-cha, who chaired meeting of the Committee for Special Development Policy in Special Economic ...
Govt to help rice farmers tap online channels
The Commerce Ministry will help farmers sell their rice directly to consumers in Thailand and abroad via social media and other online as well as offline channels. This is part of a bid to reduce dependence on middlemen as domestic paddy prices hit a 10-year low. ...
Mango producers struggle to meet Korean standards
It has been nearly a year since the government signed a memorandum of understanding with South Korea that aimed to put Cambodian mangoes on the shelves of supermarkets in Seoul, yet local producers say there is little sign of any movement. According to In Chayvan, ...
Rubber recovery boosts profits
Strong recovery of world rubber prices was expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies. The world rubber price closed at 208.5 yen per kilo on November 11, 4.98 per cent higher ...
Sand extraction in Koh Kong province halted, ministry says
Facing mounting scrutiny over the country’s sand trade, the Ministry of Mines and Energy said on November 16 that all sand extraction had been suspended in Koh Kong province, where much of the country’s extraction takes place. “We have suspended it for a long time already,” ...
Trade GSP can’t make profit for Myanmar in short term
Some 5000 goods from Myanmar have been granted classification under the United States Generalised System of Preferences export scheme, however this will not see a rapid turnaround in profits, say industry figures. The United States trade representative body announced on its official website that preferential tariffs ...
