Cambodia’s foreign trade up 15%

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export-cambodiaCambodia’s trade volume with foreign countries has increased by 15 per cent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved.

The figures of the Commerce Ministry showed Tuesday that the Southeast Asian nation’s total trade volume was valued at $4.46 billion during the January-March period this year, up from $3.88 billion in the same period of 2013.

Of the amount, the country had exported products in equivalent to $1.99 billion, up 19 per cent year-on-year, while it had imported goods in a total amount of $2.47 billion, up 12 per cent year-on-year, the figures said. The country’s main trading partners are European countries, the US, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia. Garment products accounted for more than 80 per cent of the country’s total exports.

Commerce Ministry spokesman Ken Ratha said the growth in trade volume, amid continued political row, was thanks to good relations and cooperation between Cambodia and other countries.

“In general, business and investment climate is good even though the post-election conflict remains unsolved,” he said. ” The country has maintained good political stability and sound macro-economy, and investors still have strong confidence in the current government led by Prime Minister Hun Sen.”

Political spat between the Prime Minister Hun Sen’s ruling party and the Sam Rainsy’s opposition party has simmered since the election results in July last year gave victory to Hun Sen’s party. Claiming serious ballot-rigging, the opposition has boycotted parliament since the first session in September to demand an early election.

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Reading Time: 1 minute

Cambodia’s trade volume with foreign countries has increased by 15 per cent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved.

Reading Time: 1 minute

export-cambodiaCambodia’s trade volume with foreign countries has increased by 15 per cent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved.

The figures of the Commerce Ministry showed Tuesday that the Southeast Asian nation’s total trade volume was valued at $4.46 billion during the January-March period this year, up from $3.88 billion in the same period of 2013.

Of the amount, the country had exported products in equivalent to $1.99 billion, up 19 per cent year-on-year, while it had imported goods in a total amount of $2.47 billion, up 12 per cent year-on-year, the figures said. The country’s main trading partners are European countries, the US, China, South Korea, Japan, Thailand, Vietnam, Singapore and Malaysia. Garment products accounted for more than 80 per cent of the country’s total exports.

Commerce Ministry spokesman Ken Ratha said the growth in trade volume, amid continued political row, was thanks to good relations and cooperation between Cambodia and other countries.

“In general, business and investment climate is good even though the post-election conflict remains unsolved,” he said. ” The country has maintained good political stability and sound macro-economy, and investors still have strong confidence in the current government led by Prime Minister Hun Sen.”

Political spat between the Prime Minister Hun Sen’s ruling party and the Sam Rainsy’s opposition party has simmered since the election results in July last year gave victory to Hun Sen’s party. Claiming serious ballot-rigging, the opposition has boycotted parliament since the first session in September to demand an early election.

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