News

Labour minister praises robust garment sector growth

Cambodia’s minister of labour applauded the strong growth and employment levels for the garment and footwear sector on May 1, though industry representatives noted a slight slowdown due to increased competition from regional players. Speaking at an event commemorating International Labour Day on May 1, ...

Draft law on trade remedies adopted

The Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base. Ministry of Commerce spokeswoman Soeng Sophary said the trade remedies law ...

Exports driving shift in Thai trade

Cambodian exports to Thailand surged by 46 percent last year compared with 2015 while imports from the neighbouring country decreased slightly, according to statistics provided on February 28 by the Ministry of Commerce. The value of Cambodian exports to Thailand reached $936 million by the end ...

Joint trade commission to foster links with Bangladesh

Bangladesh is rushing to push forward a draft proposal to form a joint trade commission with Cambodia that is expected to be signed this year, an official from Cambodia’s Commerce Ministry said on February 12. Soeng Sophary, spokesperson for the Ministry of Commerce, said that ...

Cambodian exports to Japan soar

Cambodian exports to Japan, the world’s third-largest economy, rocketed last year – reflecting investment flows in recent years. According to the latest figures from the Japan External Trade Organization, exports to Japan reached more than $1.2 billion last year, an increase of 24.4 percent compared with ...

Decline in transfers linked to rice prices

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said on January 8. In Channy, president and group ...

Kingdom preps for China trade center

Cambodia plans to open a trade center in China this year and the Commerce Ministry is hoping the initiative broadens economic relations and cultural exchange. Soeng Sophary, spokeswoman for the Commerce Ministry, told Khmer Times that a group of delegates from the ministry are currently in ...

Import ban on petrol aims at plugging leaks

Cambodia will prohibit land-based imports of refined petroleum products from January 1 to eliminate smuggling along the country’s borders and improve the efficiency of customs revenue collection, officials said on December 29. According to the General Department of Customs and Excise, which announced the ban ...

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 ...

Gov’t eyes million-tonne rice quota deal with Indonesia

Cambodia is close to signing an ambitious agreement with the Indonesian government that would pave the way for the Kingdom’s rice producers to export 1 million tonnes of rice under a new quota scheme, a state official said on October 24. Soeng Sophary, spokesperson for the ...

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