Posts Tagged ‘International trade’

Trade between Cambodia and Thailand soared

Posted by admin on July 20th, 2010

Thai Embassy’s Foreign Trade Promotion Office (FTPO) released statistics by showing that international trade between Cambodia and Thailand has increased more than 80 percent during the first four months of 2010, compared to the same period last year.

During April 2010, the bilateral trade was estimated to total USD$386 million alone. Exchanged goods with neighboring countries were worth USD$914 million in the year to the end of April, increased 84 percent from USD$497 million for the first four months in 2009.

Lang Seng Hor, market manager for Cambodian Center for Study and Development in Agriculture-CEDAC- was quoted by the Phnom Penh Post as saying that April is traditionally a strong month for trade due to economic spin-offs from agricultural harvests, including crops of rice, corn, cassava and beans.

FTPO showed figures that the total trade between the both nations dropped 22.15 percent to UDS$1.658 billion in 2009, from UDS$2.130 billion in 2008.

Products that Thailand has exported to Cambodian market are petroleum, processed goods, consumer products, building materials, fruits, vegetables and cosmetics. Products that Cambodia extorted Thailand are agricultural products, secondhand garments, recyclable metal and fish.

Posted in Economy Tags: , No Comments »

Increase of bilateral trade Thailand

Posted by admin on June 30th, 2010

Thai Embassy’s Foreign Trade Promotion Office (FTPO) released statistics by showing that international trade between Cambodia and Thailand has increased more than 80 percent during the first four months of 2010, compared to the same period last year.

During April 2010, the bilateral trade was estimated to total USD$386 million alone. Exchanged goods with neighboring countries were worth USD$914 million in the year to the end of April, increased 84 percent from USD$497 million for the first four months in 2009.

Lang Seng Hor, market manager for Cambodian Center for Study and Development in Agriculture-CEDAC- was quoted by the Phnom Penh Post as saying that April is traditionally a strong month for trade due to economic spin-offs from agricultural harvests, including crops of rice, corn, cassava and beans.

FTPO showed figures that the total trade between the both nations dropped 22.15 percent to UDS$1.658 billion in 2009, from UDS$2.130 billion in 2008.

Products that Thailand has exported to Cambodian market are petroleum, processed goods, consumer products, building materials, fruits, vegetables and cosmetics. Products that Cambodia extorted Thailand are agricultural products, secondhand garments, recyclable metal and fish.

Posted in Economy Tags: , , , No Comments »

Trade between Cambodia and Singapore up 84 percent

Posted by admin on June 3rd, 2010

Secretary of State for Ministry of Commerce, Chan Nora, said on Monday that the international trade between Cambodia and Singapore rose 84 percent in 2009, driven by exports of sand from Cambodia to Singapore and later the government imposed ban on sand dredging for export May last year.

“I think the growth of our exports to Singapore last year was probably because of the export of sand,” Chan Nora was quoted by the Post as saying.

According to the figure from the ministry of commerce, bilateral trade between Cambodia and Singapore was up from US$640.4 million to US$1.8 billion in 2009.

By the way, Singapore’s exports to Cambodia increased 41 percent from $523.95 million to $740.9 million, while Cambodia’s exports to Singapore shot up 275 percent to $438.2 million from $117 million.

According to Ministry of Commerce, Singapore’s main exports to the Kingdom last year included unwrought gold, diesel, petrol, alcohol, non-industrial diamonds and electronic goods, while Cambodia’s main exports were natural sand, semi-manufactured and unwrought gold, cigarettes, silk, silica and quartz sand, and woven materials, including clothes.

Posted in Economy Tags: , , , , , No Comments »

Cambodia meets up to boost trade potential

Posted by admin on April 23rd, 2010

The three-day meeting led by the senior government officials, including the representatives from private sector and development agencies was held on Tuesday in a multi-lateral effort to boost Cambodia’s trade potential, which was a part of the UNDP’s Trade Sector Wide Approach (Trade SWAp) initiative.

Ministry of Commerce’s press release stated that, they will help the ministry effectively administer rules of origin, custom valuable, product information for trade promotion and draft sanitary standards.

Trade SWAp is an effort to focus national policy and international support on a “single comprehensive programme endorsed by all sector stakeholders”.

Senior Commerce Minister Cham Prasidh was quoted by the Post as saying that “Remarkable challenges related to regulation, finance, management capacity and staff incentive schemes have emerged.”

Posted in Economy Tags: , 1 Comment »

Khmer Star News
-->