Cambodia and Singapore are slated to set up a joint technical working group “soon” to look into the work and procedures involved in a proposed transmission line that will carry clean energy by underwater cable from the Kingdom to the city-state, according to the energy director-general. A memorandum of understanding (MoU) on energy cooperation was virtually signed to this effect on October 25 between Minister of Mines and Energy Suy Sem and Tan See Leng, Singaporean Minister for Manpower and Second Minister for Trade and Industry, the ministry said in a statement. At the signing, Sem said the deal represents…
Author: Hin Pisei
Formal talks on the Cambodia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) will likely be completed by 2023, and result in a deal far more beneficial for both countries than the bilateral free trade agreements (FTA) that the Kingdom has entered, according to a senior commerce ministry official. Cambodian Minister of Commerce Pan Sorasak and UAE Minister of State for Foreign Trade Thani bin Ahmed al-Zeyoudi signed a declaration of the launch of formal negotiations for the CEPA in the Emirati capital Abu Dhabi on October 24, the commerce ministry confirmed in a statement. A CEPA is a type…
Cambodia is due to sign three major protocols with Chinese Customs on November 9, opening the door for exports of Cambodian peppercorn, “wild aquatic products” and “edible aquatic animals” to China, according to Ministry of Agriculture, Forestry and Fisheries secretary of state Hean Vanhan. These items will be added to the list of Cambodian agricultural products authorised by Beijing for official export to China following intensive negotiations spearheaded by the ministry, which includes milled rice, corn, dried cassava, mangoes, bananas and Pailin longan, he told The Post on October 24. The accords will strengthen and expand the scope of the…
Cambodia generated $827.421 million from the export of furniture, mattresses, pillows, sleeping bags and similar items in the first nine months of 2022, marking respective jumps of 14.95 per cent and 58.12 per cent over the same periods in 2021 and 2020, according to Customs. The aforementioned category of items, corresponding to Chapter 94 of the harmonised tariff schedule, accounted for 4.79 per cent of the value of the Kingdom’s total exports over the period, or $17.258 billion, statistics from the General Department of Customs and Excise of Cambodia (GDCE) indicate. Hong Vanak, director of International Economics at the Royal…
Cambodia and the United Arab Emirates (UAE) are slated to sign a declaration of the launch of formal negotiations for a Comprehensive Economic Partnership Agreement (CEPA) on October 24, paving the way for a boost in bilateral trade and investment. CEPAs are free trade agreements (FTA) that are generally designed for a more holistic coverage beyond just commodities, and can contain provisions for services, investments, dispute resolution, intellectual property rights, government procurement, and specialised economic cooperation. Cambodian Minister of Commerce Pan Sorasak and UAE Minister of State for Foreign Trade Thani bin Ahmed al-Zeyoudi are set to sign the declaration…
Cambodia and East Timor on October 21 held a first joint business forum, on tourism and trade, a day after the two Southeast Asian countries penned two key deals, according to the Ministry of Tourism. “The First Cambodia-Timor-Leste’s Business Forum 2022”, themed “Tourism and Trade for Sustainable Peace and Development” was held in the capital, and led by Minister of Tourism Thong Khon and East Timorese President Jose Ramos-Horta, the latter of whom was on an official visit to Cambodia from October 19-21. Speaking at the event, the minister stated that the peoples are “pleased” with the progress of Cambodia-East…
About 15,000 tonnes of natural salt imported from India are now in stock to meet local demand, after adverse weather conditions dragged down domestic salt production this year to under 40,000 tonnes, roughly 30,000-60,000 tonnes fewer than estimates for annual nationwide consumption, according to industry insiders. By comparison, salt production reached around 75,000 tonnes in 2021, according to the General Department of Small and Medium Enterprises and Handicrafts (GD-SMEH) under the Ministry of Industry, Science, Technology and Innovation. The coastal provinces of Kampot and Kep are Cambodia’s primary salt producers, and the harvest season typically lasts from late December to…
Bilateral commodity trade between Cambodia and Japan in the first nine months of 2022 reached $1.500 billion, up 15.11 per cent year-on-year, while the Kingdom’s trade surplus with the island nation shrunk 16.02 per cent to $295.889 million, according to the General Department of Customs and Excise of Cambodia (GDCE). Cambodian exports to Japan accounted for $897.695 million, up 8.48 per cent on a yearly basis from $827.494 million, and imports were to the tune of $601.806 million, up 26.65 per cent year-on-year from $475.179 million, GDCE statistics indicate. Speaking to The Post on October 20, Cambodia Chamber of Commerce…
Siem Reap-Angkor International Airport is still on track to open in October 2023, with work on Phase I reaching 44 per cent as of end-September, according to a senior civil aviation official. Breaking ground on March 15, 2020, the three-phased 700.06ha development is a project of Angkor International Airport Investment (Cambodia) Co Ltd (AIAI), with capital investment of $880 million, more than $500 million of which is to be spent on the first and second phases. Located in Sotr Nikum district’s Ta Yek commune east of Siem Reap town, the airport will reportedly be able to receive about seven million…
Pechenda Fruit Production PFP Co Ltd is rushing to deliver on Cambodia’s first formal export of fresh longan to China by November, a trial consignment of the Pailin variety that could be from two to four standard 20-foot shipping containers, or in the 50-80-tonne range, potentially slightly lighter, according to the company’s boss. Longan – also known by the botanical name Dimocarpus longan – is a tropical evergreen tree species native to Asia that produces white-fleshed edible fruit of the soapberry family, which also includes lychees and rambutan. The most renowned variety is the Pailin longan, named after Cambodia’s second…