Cambodia, US trade up in first half of year

Cambodia, US trade up in first half of year

Trade data from the US shows Cambodian exports to the world’s largest economy increased 6 per cent during the first six months of the year.

As of June 30, Cambodian exports to the US totalled $1.4 billion, up from $1.32 billion recorded during the same six-month period in 2013, data from the US Department of Commerce shows.

Ken Ratha, spokesman of Cambodian Ministry of Commerce, said that while US economy continues to stabilise, business relations with Cambodia have remained positive and provided a secure basis for deepening bilateral trade.

“The value of the goods exported from Cambodia to US will continue to get bigger and bigger in the future,” he said.

Ratha added that the Commerce Minister Sun Chanthol’s trade mission to the US last month alongside the US ambassador to Cambodia, William Todd helped to bolster the two nations’ business relationship.

But Nguon Mengtech, director general of Cambodian Chamber of Commerce, who will lead a delegation of 21 representatives from the Kingdom’s private sector to the US later this month, said that more markets can still be identified to boost trade volumes.

“We still have many kinds of production that we can join with others in the US to strengthen our competitiveness,” he said.

“The more we know each other, the more ability we have to get business partners.”

phnompenh post