The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry.
A total of 10,536 companies have been successfully registered as of January 12 on the government’s online business registration system, also known as the Single Portal, in the 19 months since its launch in mid-2020.
The Council for the Development of Cambodia (CDC) on January 12 announced that it has approved nine factories – most of which will produce garments or travel goods – with cumulative registered capital investment of around $43 million that are expected to create a total of 11,049 new jobs.
Bilateral trade volume between Cambodia and Japan topped $1.700 billion in 2021, marking a small increase of 0.49 per cent from more than $1.692 billion a year earlier, according to preliminary data from the Ministry of Commerce.
Despite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year earlier.
The Cambodia-Korea Free Trade Agreement (CKFTA) is set to enter into force 60 days after the Kingdom’s Ministry of Commerce and South Korean counterpart have notified each other that their respective internal procedures have been completed, as affirmed by ministry spokesman Pen Sovicheat.
The Ministry of Commerce has prepared the Certificate of Origin (CO) forms for the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade pact that entered into force on January 1, on the same day as the Cambodia-China Free Trade Agreement (CCFTA), according to spokesman Pen Sovicheat.
Bilateral trade between Cambodia and Canada was valued at about $822 million in the first 10 months of 2021, marking a 26 per cent year-on-year surge, and many economists are hopeful that an ASEAN-Canada free trade agreement (FTA) would be able to create a more favourable environment and further accelerate that growth rate.
The National Assembly (NA) on December 29 unanimously passed (102-0) three major commerce-related draft laws, which are expected to strengthen transparency and consistency in the legal system, improve the business environment and support socio-economic recovery as the Kingdom emerges from the Covid-19 crisis.
The Koh Kong Provincial Administration has agreed in-principle to allow “Anco Import Export” to invest in a “model multi-purpose project” on a 61.4596sq km plot in Botum Sakor National Park across the province’s southwestern districts of Botum Sakor and Kiri Sakor.