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Cambodia and Turkey have agreed to increase bilateral trade with an annual target of $1 billion and also moved ahead with plans to operate direct flights between Phnom Penh and Istanbul.
Economists and business stakeholders are optimistic that the value of exports from Cambodia to its five main markets will continue to rise. In the first 11 months of 2023, the country’s exports reached nearly US$14 billion, constituting over two-thirds of its total export value of more than US$20 billion.
PHNOM PENH (The Phnom Penh Post/Asia News Network): The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023.
The General Department of Taxation (GDT) has reported that it collected “taxes” from e-commerce transactions to the tune of 159.21 billion riel, or $39.31 million, in the first half (H1) of the year, with last month accounting for 27.55 billion riel or 17.3 per cent of the total.
Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s General Department of Policy.