Agricultural exports to China posted impressive growth between January and May, with shipments of some produce even matching or surpassing the corresponding figures for the entire 2020, data of the Plant Protection Department under the Ministry of Agriculture and Rural Development showed. During the period, Vietnam shipped over 468,000 tonnes of mango to China, equivalent…
Although the economic crisis unleashed by Covid-19 has driven large international trade declines, Cambodia-US trade seems to have largely eluded the clutches of the pandemic wobbles, worth $2.6549 billion in January-April, an increase of 24.48 per cent over the $2.1327 booked in the same period of 2020. Of that, the Kingdom exported $2.5192 billion, up…
China has arranged a deal for Cambodia to export about 500,000 tons of fresh mangos to the country, according to reports. After more than three years of negotiation, the Cambodian Ministry of Agriculture, Forestry, and Fisheries and the General Administration of Customs of China officially accepted 37 companies with mango farm and five companies with…
The private sector experienced a wave of renewed optimism that mango would become a valuable agro-industrial export and prove particularly attractive to investors, after Cambodia on May 7 shipped around 100 tonnes of fresh mangoes to China, in the Kingdom’s inaugural direct export of the fruit to the East Asian market. The official export came…
China has allowed Cambodia to export fresh mangoes directly to its market after Chinese Customs on April 26 certified 37 mango plantations and five packaging factories as compliant with phytosanitary and packaging standards. The approval came after experts from the General Administration of Customs of the People’s Republic of China (GACC) in Guangxi province on…
An evaluation process undertaken to determine whether fresh mango exports can meet China’s rigorous health standards is now complete, according to Agriculture Minister Veng Sakhon. The process, which was conducted at three mango farms and four water heat treatment (WHT) and vapour heat treatment (VHT) plants in Cambodia, was overseen by both customs officials from…
Prospects of a formal initiation of free trade agreement (FTA) talks with the Eurasian Economic Union (EAEU) and Camobida have improved as early talks witness an increasingly positive sentiment, according to Cambodia’s Ministry of Commerce spokesman Seang Thay. Comprising five member states – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – the EAEU is home to…
With five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet checkpoints. Sopheavatey Sorn, director of logistics at the Ministry of Public Works and Transport,…
Cambodia and South Korea on February 3 concluded talks for a bilateral free trade agreement (FTA), which Minister of Commerce Pan Sorasak and his Korean counterpart Yoo Myung-hee plan to sign in mid-2021, setting zero tariffs for a broad range of goods, according to a joint press statement. The two ministers signed the agreed minutes…
The part in relation to Cambodia under the ASEAN-Hong Kong free trade agreement (FTA) and Investment Agreement (IA) is set to take effect on February 12, according to Hong Kong’s Trade and Industry Department. The Kingdom will be last country in which the two agreements enter into the force, following Indonesia on July 4 and…
According to an announcement from China’s General Administration of Customs, China granted import permission for 10 new fruit items in 2020, representing a slight decrease from the previous year. The approved fruit items include Argentinian and Chilean citrus; Brazilian melons; Cambodian mangos; Dominican avocados; Indonesian dragon fruit; U.S. avocados, blueberries and nectarines; and Zambian blueberries….
From January to Dec. 15, 2020, Cambodia has exported some 945,274 tonnes of fresh mangoes to foreign markets, with an estimated total value of some $473,207,700. The figures were shared in a preliminary report on the progress of major agro-industrial crop production in 2020, by Veng Sakhon, Minister of Agriculture, Forestry and Fisheries. The report…
Cambodian Keo Romiet mangoes remain on target to be directly exported to the Chinese market from early next year after the economic powerhouse penned an agreement in June that set up a 500,000 tonne quota for the Kingdom’s widely-available fruit. Minister of Agriculture, Forestry and Fisheries Veng Sakhon told The Post on December 22 that…
An agreement on concluding negotiations of the Vietnam-UK Free Trade Agreement (UKVFTA) will be signed on December 11, according to the Ministry of Industry and Trade (MoIT). The deal is significant for both countries in the current context as it meets the demands of the two sides. According to the MoIT, the FTA between the…
Bilateral trade between the Kingdom and the US amounted to $5.8 billion in the first 10 months of this year, up $972.8 million or 15.9 per cent over the $5 billion registered in the same period last year, data from the US Census Bureau show. This comes amid Covid-19’s continued assault on the world’s largest…
Iran has voiced an interest in buying Cambodian agricultural products for domestic consumption and re-export, Cambodian ambassador to Thailand Ouk Sorphorn told The Post on December 3. The remark comes after Sorphorn met Iranian ambassador to Thailand Seyed Reza Nobakhti that morning. “The Iranian ambassador told me that Iran wants to buy milled rice, mango…
Cambodia and Russia are planning a joint feasibility study on a potential free trade agreement (FTA) aiming to reinforce trade and investment ties between the two countries and offset lacklustre import/export figures exacerbated by Covid-19. Ministry of Commerce secretary of state Sok Sopheak said this on December 1 when he led a ministerial delegation to…
Cambodia and South Korea on November 18 kicked off the fourth round of negotiations on a bilateral free trade agreement (FTA), which is expected to boost bilateral trade and investment once it enters into force. Ministry of Commerce spokesman Seang Thay told The Post that the talks would conclude two days later on November 20….
The Regional Comprehensive Economic Partnership agreement (RCEP) was signed on Sunday by 15 countries including China, Japan, Australia, Vietnam, South Korea, and Cambodia jointly covering a total population of more than 2.3 billion people – five times the size of the European Union. “The agreement could help revive post-COVID economic growth, boost intra-regional trade and…
The Sihanoukville Special Economic Zone (SSEZ), will be a key driver in bilateral trade between Cambodia and China, reaching $10 billion in 2023, and could prove to be a bellwether in boosting trade activities with other countries in the region and globally, according to Deputy Prime Minister Hor Namhong. Namhong said that the SSEZ enjoys…
At least three Chinese companies are investing in industrial steaming equipment to use in the phytosanitary treatment of agricultural products for export, Minister of Agriculture, Forestry and Fisheries Veng Sakhon told The Post on Monday. This comes in response to the Chinese government’s June 9 official approval of the export of 500,000 tonnes of Cambodian…
A visceral hit of merriment captured Cambodia’s trade and investment sector as the leaders of 15 Asia-Pacific nations signed the blockbuster Regional Comprehensive Economic Partnership (RCEP) trade pact on Sunday. Insiders voiced their enthusiasm for the agreement which they say will allow the Kingdom to expand trade and attract more investment from signatory countries. Leaders…
Two planned frontier markets in Svay Rieng and Kampot provinces have yet to break ground, relevant provincial authorities said on Tuesday. Prime Minister Hun Sen has ordered the Ministry of Commerce to work with Svay Rieng and Kampot officials to build two additional border markets in a bid to shore up border trade and enhance…
The agricultural and agribusiness industry are in great spirits after the Kingdom signed a memorandum of understanding (MoU) with Hungary on cooperation in the sector. The MoU is expected to provide a shot in the arm for agricultural exports and allure more Hungarian investors to the Kingdom. “The signing of the MoU will bring about…
Russian ambassador to Cambodia Anatoly Borovik and Minister of Economy and Finance Aun Pornmoniroth meet at the ministry on Wednesday. FINANCE MINISTRY Russia has reiterated its commitment towards shoring up bilateral trade volume and alluring more investment to Cambodia, helping pull the Kingdom’s economy out of post-Covid-19 doldrums. This comes as the Kingdom negotiates a…
The National Assembly on Monday approved the First Protocol to Amend the Agreement on Comprehensive Economic Partnership among Japan and Member States of the Association of Southeast Asian Nations (AJCEP – 1st Protocol). Cambodia expects to expand its market to Japan and woo more investors from the economic powerhouse of the Pacific through the perks…
Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect in the middle of this year, export volumes of Vietnamese shrimp to the EU have increased 10 to 20% compared to the same period last year, bringing export volumes in the first nine months to 2.7 billion USD, up 10%. Shrimp is among the items in…
The Regional Comprehensive Economic Partnership (RCEP) is set to be signed next month at the 4th RCEP Summit during the 37th ASEAN Summit in Vietnam in mid-November, Cambodian Minister of Commerce Pan Sorasak said on Sunday. Experts said the deal will open a wealth of new market opportunities for Cambodia to diversify its export portfolio…
A senior executive officer of Cambodian rice-crackers manufacturer Lyly Food Industry Co Ltd has said the company will build a special economic zone (SEZ) in Sihanoukville province and plans to launch it next year. She said Kampong Seila SEZ is around 79 hectares for setting up factories and industries. “We plan to launch the SEZ…
Vietnam has been making great strides in projecting itself as an effective leader, particularly with its proactive governance in handling the COVID-19 pandemic, climate change policy, and for its political stability. There has been recent speculation regarding Vietnam taking-up the role as new de facto leader of ASEAN. Vietnam has achieved the United Nations’ (UN)…
