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Trade between Cambodia and Thailand soared

admin — Tue, 20 Jul 2010 13:50:23 +0000

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.

Increase of bilateral trade Thailand

admin — Wed, 30 Jun 2010 06:32:26 +0000

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.

Trade between Cambodia and Singapore up 84 percent

admin — Thu, 03 Jun 2010 14:29:42 +0000

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.

Cambodia meets up to boost trade potential

admin — Fri, 23 Apr 2010 06:25:19 +0000

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.”

Russian trade increased 30pc

admin — Fri, 25 Dec 2009 08:26:38 +0000

Since the bilateral trade between Cambodian and Russia increased 30 percent, even though the Russian investment in Cambodia is estimated to be lower this year, compared to the last year.

Dilyara Borovik, a counselor at the Russian Embassy, gave a speech at the an event to mark the 30^th anniversary of the Russian Cultural Center in Phnom Penh that the trade between the two countries for the first nine months of this year totaled US$32.3 million, a 28.7 percent increase over the same period last year, quoted by the Cambodia Daily as saying.

Ms. Borovik added that Cambodian exports to Russia make up 60 percent of trade between the two countries, with garments, agricultural products and seafood being the largest exported products.

In 2008, investment totaled US$600 million with businesses such as the Beeline mobile phone, said she.

“With the economic crisis this year, people are afraid to invest abroad especially if we don’t know the situation in our own country,” Ms. Borovik said.

Shrimp to be exported to international market

admin — Fri, 30 Oct 2009 07:51:26 +0000

Next month, shrimp of 15 tonnes will be exported to South Korean market, being produced in Preah Sihanouk province’s Stung Hav district by Nautisco Seafood Manufacturing Company, which received US$5 million from Canadian investors for the construction of the factory unit.

According to the press conference, Pov Sambath, company director, said that the landmark consignment would be shipped on November 30, reported the Phnom Penh Post.

“If it is successful we will export between three to five containers a month to Japan and South Korea. Next year we will export to Canada, the US and Europe,” the Cambodia Daily quoted Mr. Sambath as saying.

90 percent of products would be exported to overseas markets. The company also hopes to produce octopus and fish further down the line.

Improving organic rice to access the global market

admin — Tue, 27 Oct 2009 09:07:11 +0000

More than 72 representatives from different farming associations in seven province attended Monday seminar organized by The Cambodian Center for Study and Development (CEDAC), funding support from a German Development Service program, in an attempt to help farmers improve the quality of organic rice to access international market and to meet international standards.

At the present, Cambodian farmer planting rice is using traditional method and dependent on nature. So, improving the quality of rice and increasing the productions are important for access to international markets.

Yang Saing Koma, president of CEDAC, was quoted by the Phnom Penh Post as saying that farmers should upgrade the quality of their organic rice to compete with the both local and international markets.

Mak Seurn, chief of the Department of Agriculture Extension at the Ministry of Agriculture, Forestry and Fisheries observed that currently only 115 of more than 10,000 farming associations were formally registered with the ministry, reported the Post

International trade with Hong Kong drop 24 percent by July

admin — Thu, 08 Oct 2009 07:58:17 +0000

The Hong Kong Trade Development Council released Tuesday at a press conference in Hong Kong updated data of bilateral trade between Cambodia and Hong Kong, declining 24.39 percent in the period of the first seven months of this year. The drop of international trade was due to the global economy recession.

The figure of trade between the both nations dropped from US$380.94 million to $288 million this year. The Cambodia’s total exports was up to $9 million from $5.44 million during the year up to the end of July but Hong Kong’s exports to Cambodia decreased from $375 million to $279 million.

“The drop was because of the global financial crisis. However, now trade between Cambodia and Hong Kong is becoming stable because the economy is not so bad; it may not drop further,” Johnny Wan, senior exhibitions manager at the Hong Kong Trade Development Council, was quoted by the Phnom Penh Post as saying.

Khmer News: Cambodia news | Cambodian economy | Banking sector | Agricutlure | Technology | Education » International trade

Trade between Cambodia and Thailand soared

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