Page 8 - Harmonised System News Today

The Cambodia Chamber of Commerce (CCC) is looking to open representative offices in Canada’s Quebec province and the Thai capital of Bangkok this year after the July 23 general election, following encouraging results in the trade and investment domains credited to its current overseas outposts, according to the director-general of the Kingdom’s apex trade body.

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Cambodia earned $979.060 million from the export of “electrical, electronic equipment” in the first four months of 2023, up 94.24 per cent year-on-year from $504.039 million and up 36.72 per cent half-on-half (compared to July-October 2022) from $716.11 million

Cambodian goods exports to India reached $91.526 million in the first four months of 2023, Customs (GDCE) reported, as King Norodom Sihamoni makes his maiden visit to the world’s most populous country, marking the culmination of celebrations of the 70th anniversary of diplomatic ties between the two nations.

The volume of goods traded between Cambodia and the UK totalled $234.933 million in the first four months of 2023, down 17.56 per cent year-on-year, as the two kingdoms held their inaugural “Joint Trade and Investment Forum” (JTIF) on May 26 to further shape

Cambodian goods exports to Australia reached $118.735 million in the first four months of 2023, down nearly 6.05 per cent year-on-year from $126.380 million and down 9.37 per cent half-on-half (compared to July-October 2022) from $131.01 million,

The study showed that while the AfCFTA NTB mechanism holds promise, it is still in its early stages and bears similarities to the NTB mechanism in the Southern African Development Community region.

The US and Vietnam together held a 50.20 per cent market share of Cambodia’s goods exports in the first four months of 2023, making them the Kingdom’s top two destinations in that order for the fourth consecutive January-April period, according to Customs (GDCE) data compiled in “International Merchandise Trade Statistics” bulletins.

The Cambodia Rice Federation (CRF) expects the scale and reach of the Kingdom’s milled-rice exports to expand as the public and private stakeholders work together to reinforce their partnerships with pertinent parties, and set out to regularly take part at major international events to demonstrate on the global stage the high quality and repute of locally-grown grains.

Cambodian goods exports to Australia reached $118.735 million in the first four months of 2023, down nearly 6.05 per cent year-on-year from $126.380 million and down 9.37 per cent half-on-half (compared to July-October 2022) from $131.01 million,