The National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half amid the Covid-19 blows to the global economy and forecast that gross domestic product (GDP) would contract 1.9 per cent this year.
Cambodia and Vietnam have pledged to lift up bilateral trade to $7 billion this year by facilitating cross-border shipments amid tightened measures at border checkpoints to prevent the outbreak of the Covid-19 disease.
Forty-seven companies have successfully registered via a newly-launched information technology e-business registration platform as of the end of the second week of this month, Ministry of Economy and Finance secretary of state Phan Phalla said.
Cambodia and South Korea agreed on Thursday to launch official negotiations for a bilateral free trade agreement (FTA).
Cambodia registered a remarkably sound consumer inflation rate of 2.5 per cent in the first half (H1) of this year by virtue of the slow rise in food prices, slipping petrol rates and stabilisation of local currency against the US dollar, the National Bank of Cambodia (NBC) said in its semi-annual report on Wednesday.
Cambodia is studying the possibility of establishing a bilateral free trade agreement (FTA) with India to open a new market with the second-largest regional economy.
Prime Minister Hun Sen will lead a delegation of high ranking officials to sign the Cambodia-China Free Trade Agreement (FTA) next month, the Ministry of Commerce said.
New investments from local and foreign sources continue to pour into Cambodia despite the Covid-19 pandemic remaining a lingering threat to regional and global economies.
The Cambodia Chamber of Commerce (CCC) and the Australian Embassy in Phnom Penh on Wednesday pledged to promote trade and investment between the two countries, with emphasis on increasing the Kingdom’s exports and attracting an influx of new investors.
The Cambodia Business Association is optimistic that the South Korean market will absorb more Cambodian products after a free trade agreement (FTA) is established, as officials from both countries prepare for the first round of negotiations next month.