Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Bilateral trade with China rises

Bilateral trade with China rises

Bilateral trade with China rises

Trade volume between Cambodia and China was valued at $1.79 billion in the first four months this year, a 42 per cent increase compared to the same period last year, according to the Chinese embassy in Cambodia.

In 2012, bilateral trade between the countries reached about $3 billion, a 16 per cent year-on-year increase.

Speaking at the promotion conference for the 114th Guangzhou Import and Export Fair in the Sofitel Hotel yesterday, Li Zhi Gong, a representative of the Chinese Embassy in Cambodia, said: “While both countries target to reach trade volume at $5 billion in 2017, more cooperation is needed to reach the goal.”

Of the 146,854 tonnes of rice Cambodia exported in the first five months of this year, 12,687 tonnes went to China.

Chen Chang Jiang, Chief Executive Officer at Bank of China in Cambodia, said that financial services in his bank have been increasing parallel to the increase in trade activity between the two countries.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all