Cambodia trade balance surges in 2012

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Busy construction work in Phnom Penh, Cambodia. Picture © Arno Maierbrugger

Cambodia’s total import and export volume was $12.31 billion in the first eleven months of 2012, up 17.5 per cent over the same period last year, according to a report of the Commerce Ministry released on December 16 at the 7th Cambodia Import-Export Promotion Exhibition, with the country’s major trading partners being the US, European countries, China, South Korea, Japan, Thailand, Vietnam and Malaysia.

According to state figures, the country also attracted a total investment of $845 million in the first seven months of 2012. Those investments were made in the fields of fertiliser manufacturing, beverage manufacturing, rice milling, tapioca powder processing, garment factories, hotel and resort development and information technology.

According to the Council for the Development of Cambodia (CDC), most foreign investors in Cambodia are from China, South Korea, Malaysia, Vietnam, Thailand, the US, the UK, Taiwan, Hong Kong, Singapore, France and Japan.

Mao Thora, secretary of state at the Ministry of Commerce, said that “all investors, before their decision to invest in a country, will consider three major factors — political stability, macroeconomic stability, and protective and incentive investment law. Cambodia meets these requirements.”

He added that the government has been strongly encouraging investment activities in agriculture and the agro industry, transport and telecommunication infrastructure, energy and electricity, labor intensive industries and export-oriented processing and manufacturing, tourism-related industries, human resources development, processing industry, oil and gas and mining.

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Reading Time: 1 minute

Busy construction work in Phnom Penh, Cambodia. Picture © Arno Maierbrugger

Cambodia’s total import and export volume was $12.31 billion in the first eleven months of 2012, up 17.5 per cent over the same period last year, according to a report of the Commerce Ministry released on December 16 at the 7th Cambodia Import-Export Promotion Exhibition, with the country’s major trading partners being the US, European countries, China, South Korea, Japan, Thailand, Vietnam and Malaysia.

Reading Time: 1 minute

Busy construction work in Phnom Penh, Cambodia. Picture © Arno Maierbrugger

Cambodia’s total import and export volume was $12.31 billion in the first eleven months of 2012, up 17.5 per cent over the same period last year, according to a report of the Commerce Ministry released on December 16 at the 7th Cambodia Import-Export Promotion Exhibition, with the country’s major trading partners being the US, European countries, China, South Korea, Japan, Thailand, Vietnam and Malaysia.

According to state figures, the country also attracted a total investment of $845 million in the first seven months of 2012. Those investments were made in the fields of fertiliser manufacturing, beverage manufacturing, rice milling, tapioca powder processing, garment factories, hotel and resort development and information technology.

According to the Council for the Development of Cambodia (CDC), most foreign investors in Cambodia are from China, South Korea, Malaysia, Vietnam, Thailand, the US, the UK, Taiwan, Hong Kong, Singapore, France and Japan.

Mao Thora, secretary of state at the Ministry of Commerce, said that “all investors, before their decision to invest in a country, will consider three major factors — political stability, macroeconomic stability, and protective and incentive investment law. Cambodia meets these requirements.”

He added that the government has been strongly encouraging investment activities in agriculture and the agro industry, transport and telecommunication infrastructure, energy and electricity, labor intensive industries and export-oriented processing and manufacturing, tourism-related industries, human resources development, processing industry, oil and gas and mining.

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