Continued from page 1 geographical location, young labour and good infrastructure. Cambodian products also enjoy preferential tariffs for export to some major markets such as the US, Europe, China, Korea and Japan. In addition, Cambodia has signed trad
Continued from page 1 geographical location, young labour and good infrastructure. Cambodian products also enjoy preferential tariffs for export to some major markets such as the US, Europe, China, Korea and Japan. In addition, Cambodia has signed trad
Cambodia and China are discussing plans to establish e-commerce technical training centres or institutes in Cambodia amid the global boom of e-commerce.
According to the Ministry of Commerce, a bilateral meeting was conducted between ministry secretary of state Ouk Prachea and Zhang Hailong, president of the Chinese Chamber of Commerce in Cambodia on September 8.
It was also participated by ministry officers and Lu Chunyang, chairman of the National Committee for Vocational Education Training of the Ministry of Education of China and other Chinese delegations.
Cambodia Digital Tech Association president Chhin Ken told The Post that the adoption of e-commerce platforms is highly popular around the world today.
E-commerce has become an indispensable part of the communication and a popular bargaining process, he said.
However, the rapid development of technology amid the limited use and knowledge among Cambodians means that extensive training is required to allow Cambodian human resources to keep up with the rest of the world.
“Cambodian children must strive to develop their technological skills to be able to compete with neighbouring countries in the region and the world,” Chhin said.
If Cambodia does not make any effort to strengthen and expand the capacity of e-commerce, it would “definitely fall behind others”.
Former Minister of Commerce Pan Sorasak in June 2023 stated that e-commerce is a potential new business trend for the world in the era of the digital economy or the Industrial Revolution 4.0.
“In recent years, electronic business operations, such as the buying and selling goods and services in Cambodia have grown significantly,” he said.
In response to this, promotion, protection and provision of confidence to intermediaries and service providers, enabling e-commerce transactions and activities as well as the general public using e-commerce services are pertinent.
On Nov 2, 2019, Cambodia implemented the E-Commerce Law, which comprises 12 chapters and 67 articles to oversee the online business sector over various digital platforms.
According to the General Department of Taxation, value-added tax revenue from e-commerce in the first quarter of 2023 stood around $20.9 million.
