Tag Archives: international trade

Russian trade increased 30pc

Since the bilateral trade between Cambodian and Russia increased 30 percent, even though the Russian investment in Cambodia is estimated to be lower this year, compared to the last year. Dilyara Borovik, a counselor at the Russian Embassy, gave a speech at the an event to mark the 30th anniversary of the Russian Cultural Center … Continue reading

Cambodia-Vietnam Trade dropped 28 pc

Within the month of October of 2009, the bilateral trade between Cambodia and Vietnam declined by 28 percent, compared to the same time last year, According to Le Bien Cuong, the Commercial Attaché at the Vietnamese Embassy to the media. The latest figures reveal the trades between Cambodia and Vietnam this year, totaling US$1.049 billion … Continue reading

Decline in rubber export hit by financial crisis

Since 2007, the global financial crisis has affected the international trade, and cooled down car sales. In addition, the impact of financial crisis also hit hardly the decrease in the demand for tyres and also affected the Cambodia’s rubber production exports to international markets. According to the Cambodia Economic Watch, the rubber sector is expected … Continue reading

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

Low garment sales, poor tourism to hit Cambodia-IMF

PHNOM PENH, March 6 (Reuters) – A slowdown in garment exports and a drop in the number of tourists could cause Cambodia’s economy to shrink 0.5 percent this year, the International Monetary Fund said on Friday. That is a big turnaround from the 4.8 percent growth the IMF had forecast in November. “Garment exports are … Continue reading

Deficit a risky business during global crisis

Asian leaders maintain that the region is in better shape than other areas of the world. Do you believe that Asia will escape the worst effects of the crisis? Asia has two major problems – current accounts deficits are rising and trade is in decline…. Over the next six months or so, countries with current … Continue reading