Bilateral trade between Cambodia and the US amounted to $614.5 million in the first month of this year, up 4.89 per cent over the $585.8 million posted in January 2020, data from the US Census Bureau show.
The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs.
Cambodia and East Timor on February 25 reaffirmed their commitment to deeper trade and investment ties in a bid to increase bilateral trade, while progress on a deal to export the Kingdom’s milled rice to the ASEAN candidate remains stalled.
Cambodia expects to break ground on a second frontier “model market” by the end of this year, this time near the Prek Chak International Border Checkpoint that links Kampot province to Vietnam’s Kien Giang province, according to Minister of Commerce Pan Sorasak.
The trade value between Cambodia and India saw a dramatic 25.81 per cent reduction last year to $190.13 million from 2019’s $256.26 million as the Kingdom embarked on a feasibility study for a free trade agreement (FTA).
Minister of Posts and Telecommunications Chea Vandeth on February 24 encouraged budding digital entrepreneurs to register for licences and receive technical support, training and “encouragement” from the ministry.
Cambodia and Vietnam on February 19 made inroads on a handful of cross-border trade issues amid Covid-19, with Hanoi given the privilege to set a concrete date for the official opening of the long-awaited Prey Vor-Binh Hiep international border checkpoint in southern Svay Rieng province.
Cambodia is eyeing an expansion in trade with Russia as the two sides explore the possibility of negotiating a free trade agreement (FTA) and step up trade and investment cooperation.
The government is drafting a 2021-2035 policy framework for Cambodia’s evolving digital socioeconomic environment that optimally facilitates economic growth, according to a press release.
Bilateral trade between Cambodia and Japan was worth $2.09957 billion last year, down 8.45 per cent from 2019, data from Japan External Trade Organisation (JETRO) show.