Minister of Commerce Pan Sorasak reiterated a called for businesspeople to fulfil their obligations to protect consumers in accordance with the laws and regulations in force and contribute to the shared overarching objectives of harmonisation and sustainable development.
Cambodia has called for deeper trade and investment relations with Mauritius, as well as ramped up efforts to tap into a wealth of cooperation potential between the two countries across various fields.
The Ministry of Commerce plans to integrate state-owned Cambodia Post’s transportation system into CambodiaTrade.com, looking to make the distribution and delivery process easier, faster and safer for small- and medium-sized enterprises (SME) and consumers that buy merchandise on the e-marketplace.
Cambodia's economy is projected to grow by just 1.9 per cent this year due to the protracted Covid-19 crisis, but accelerate to 5.5 per cent by 2022, according to the latest update of the Asian Development Bank (ADB) released on September 22.
The new investment law will be more attractive and provide the Kingdom with better options to navigate the constantly evolving regional and global investment climate, according to Senate Third Committee chairman Mong Reththy.
The senate on September 20 unanimously passed (38-0) two draft laws authorising the ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement and the bilateral Cambodia-China Free Trade Agreement (CCFTA).
The Ministry of Commerce has ordered all foreign enterprises, sole proprietorships, legal entities and branches of foreign companies that engage in the Cambodian e-commerce market to apply for the proper licences or permits by November 30, or face fines, closure, or other legal consequences.
Minister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official.
Australia plans to provide about A$90 million (US$66 million) in funding to Cambodia for a new bilateral project dubbed “Resilience Economic Development”, according to the Council for the Development of Cambodia (CDC) on September 15.
The Cambodian Association of Finance and Technology (CAFT) and the American Chamber of Commerce in Cambodia (AmCham) have entered into a partnership to support local fintech and start-up businesses, and promote financial inclusion and social responsibility in the community.