Tag Archives: international market

US$12.6 million trade development program launched

Aiming at diversifying and expanding Cambodia’s international trade, the ministry of commerce, and four development partners launched a $12.6 million Trade Development Support Program (TDSP) which is also supported by the European Union, the Danish International Aid Agency and the UN Industrial Development program. The program implementation will not only involve coordination between government ministries … Continue reading

Global economic crisis led to factory closings

MOST garment factories that shut down in 2008 did so because of the global economic crisis, which resulted in a rapid decrease in purchase orders from key markets, according to a report completed last week by the Ministry of Labour and Vocational Training. The report, presented Tuesday at a seminar in Phnom Penh, states that … Continue reading

Kampot Cement to cut output in phases

CAMBODIA’S largest cement producer is set to cut production in two phases on falling demand from the construction industry, the company said. Khaou Phallaboth, president of the firm’s Cambodian minority stakeholder, told the Post on Tuesday that Kampot Cement has already cut production by 10 percent since January and plans another 10 percent cut for … Continue reading

Garment exports grew 7 percent last year

NEW figures show that the value of garment exports crept up around seven percent to US$3.15 billion last year. The Ministry of Commerce’s 2008 report said the US was again the biggest market, worth US$1.95 billion. Garments are the Kingdom’s largest export and account for around three-quarters of export earnings, figures showed. Minister of Commerce … Continue reading

UN urges donors to increase aid in agriculture sector

It is because of the world economic slowdown which affected the garment industry and tourism sector in Cambodia, the United Nations asked international donors to increase farm aid in order to save Cambodian economy. The agriculture sector is playing important role in economic growth and poverty reduction. Speaking in an economic forum, Douglas Broderick, resident … Continue reading

Funding US$1.6 million to boost international market access

In a bid to strengthen the economy and to boost exports to access the international market, the World Bank funded “Export Market Access Fund (EMAF)” US$ 1.6 million in grant, which is run by the ministry of commerce, in an attempt to help Cambodia-based companies and business associations over the 16 months. The creation of … Continue reading