Cambodia to send agri products directly to Guangxi Province

Sep 30th at 09:00
30-09-2024 09:00:16+07:00

Cambodia to send agri products directly to Guangxi Province

Cambodian associations inked three Memoranda of Understanding (MoUs) with the Chinese Customs Administration, Guangxi Province of China to facilitate the import of agricultural products to the province without passing through a third country.

 

The MoUs were signed on Thursday during the 21st CAEXPO RCEP Agricultural and Food Products Trade and Industry Cooperation Forum in Nanning, China.

Uon Silot, President of the Cashew Nut Association of Cambodia (CAC), told Khmer Times that his association, Khmer Swiftlet Association (KSA) and the Cambodia-China Cassava Alliance Association (CCCAA), signed MoUs to reduce some barriers of importing of Cambodian agricultural products into Guangxi Province.

“In the past, the import of fresh agricultural products from Cambodia to China was mandated by an approval of the Chinese Customs Administration. The process of inspections was so complex that some agricultural products were forced to cross through third country to be imported into China,” he said.

The signing of these MoUs will reduce barriers to importing Cambodian agricultural products into Guangxi Province.

“In the past, the Royal Government of Cambodia has made efforts to establish special economic zones and special bilateral conditions for the import of Cambodian products into China, but these MoUs complement it,” Silot emphasised.

The MoUs have two positive points: first, the flow of Cambodian agricultural products will directly reach the special economic zone of Guangxi Province and then reach various markets in China without certain customs conditions.

Second, it will open new avenues for further investment in the province to invest in the construction of agricultural processing plants in the existing special economic zones in Cambodia to import to China without the conditions and obligations of the customs administration in Guangxi.

Touch Bun Hour, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries, said the Ministry of Agriculture has started considering the budget required for future investment in domestic processing and promoting the formation of a modern community for cashew plantations.

khmertimeskh



NEWS SAME CATEGORY

RHB Bank deposit campaign surpasses $100 million target

Celebrating the $100 million target achieved in the Luxury Deposit Campaign, RHB Bank (Cambodia) PLC, a subsidiary of the RHB Bank based in Malaysia, hosted the...

Cambodia attracts 4.29 million international tourists in first 8 months, sees 22.5 % growth

Cambodia welcomed 4.29 million international visitors in the first eight months of 2024, marking a 22.5 % increase from 3.5 million recorded during the same period...

Chinese investors urged to tap Cambodia’s tax incentives

Cambodia’s General Department of Taxation (GDT) has extended an invitation to Chinese investors to explore opportunities in the Kingdom, highlighting the attractive...

Cambodia exports car tyres worth $527 million in first eight months

Cambodia exported a staggering $527 million worth of car tyres, up 173 percent compared to the $193 million recorded during the same period last year, the General...

ARDB, GXAAS ink MoU to boost Kingdom’s agri sector

Agriculture and Rural Development Bank (ARDB), Cambodia’s leading agricultural bank, and the Guangxi Academy of Sciences (GXAAS) Tuesday signed a Memorandum of...

Exports to EU up 16 percent

‘The EU is committed to its partnership with Cambodia to promote the green and digital transitions and to accompany the Kingdom in its upcoming graduation from...

ADB projects drop in inflation to 0.5 percent in Cambodia

Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent...

Cambodia’s exports to Japan surge 20% in 8 months

Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest...

GDT defines lease-free grace periods for landlords

A rental tax grace period has now been granted to allow landlords’ tax exemptions during periods in which renovations to properties and other specified non-renting...

Cambodia seeks to promote trade, investment ties with Guangdong

President of National Assembly, Khuon Sudary, recently urged Chen Jiaquan, Deputy Director General of the Foreign Affairs Commission of the Standing Committee of...


MOST READ


Back To Top