Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s logistics firms see diversity

Kingdom’s logistics firms see diversity

Kingdom’s logistics firms see diversity

Logistics firms saw a new level of diversity in Cambodian exports, a trend that would protect the economy from external shock, several shipping companies said.

The Kingdom is on the right track to diversify and increase the export of agricultural products, while decreasing its reliance on garments, Matthew Soloman, Chief Representative of Ben Line Agencies Vietnam & Cambodia told the Post.

Balance in import and export is important to avoid a large payment deficit, and this balance will come through increased diversification and development and will eventually lure manufacturing to the Kingdom he said.

Soloman said the Cambodian export and import market was “dominated” by the garment sector.

“If the Cambodian market continues to focus on the garment sector for export, it won’t be good for the country.”

An increase in furniture being produced for export is expected he told the Post, adding that this would contribute to the increasing diversification of Cambodia’s export sector.

Haven Shipping Agency’s sale manager, Nisay Teng, said he noticed an increase in Cambodia’s export of agricultural products to foreign markets this year.

Cambodia’s agricultural products are usually exported to Russia, European countries, African countries and some Asian countries.

Cambodia will need more time to build a strong production base and avoid importing too many of it’s commodities, he also remarked on mutual support and co-operation between the government and the private sector in improving Cambodia’s production base.

A large amount of capital is unnecessary, the experts, technology and experience will drive growth in the Kingdom he said. Cambodia’s total export rose by 19 per cent year-on-year in the first quarter of 2012 to US$3.2 billion from $2.7 billion which meant a $474 million trade deficit said Nguon Meng Tech, director of the Cambodian Chamber of Commerce.

To contact the reporter on this story: May Kunmakara at [email protected]

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