Logo of Phnom Penh Post newspaper Phnom Penh Post - Assembly gives thumbs up to anti-dumping measures

Assembly gives thumbs up to anti-dumping measures

A motorist travels past a bike shop last year near Phnom Penh’s O’Russey Market.
A motorist travels past a bike shop last year near Phnom Penh’s O’Russey Market. Kimberley McCosker

Assembly gives thumbs up to anti-dumping measures

The National Assembly yesterday passed a trade remedy law that aims to protect and help local and foreign businesses by introducing anti-dumping measures that prevent the “dishonest” import of goods and produce from neighbouring countries, according to a press release.

Lawmakers said they approved the trade remedy law in order to protect local production by restricting the flow of foreign goods that enter the market and are sold at below market value, undercutting the growth of domestic production.

The legislation is intended to boost confidence for both domestic and international investors through mechanisms and procedures that ensure fair market competition.

The law allows the government to increase taxes on goods that are “dumped” into the market up to levels set by the World Trade Organisation, the National Assembly added in a press release.

Ngoun Meng Tech, director-general of the Cambodia Chamber of Commerce, said the passage of the law was a good sign that the government wanted to promote the growth of Cambodian companies. However, he said the effectiveness of the law still hinged on the government’s ability to implement it.

“Approving the law is good and will provide for fair competition in the market,” he said. “However, we need to see action towards enforcement.”

Tech noted that Cambodian businesses across numerous sectors continue to suffer from informal import channels of cheap products that are not subject to the proper taxation“If enforcement works based on the law, I believe it could attract a lot of investors to Cambodia,” he added.

Te Taing Por, president of the Federation of Association for Small- and Medium-Sized Enterprises of Cambodia, said the law should help alleviate the struggles that small businesses face as they are the ones most affected by unfair competition. He added that imports, especially for rice, pork and vegetables, are routinely below standards or passed expiration dates.

“Our small firms struggle and suffer from a flood of imported products,” he said. “Now should be the time we have fair competition and the relevant ministries and CamControl should work on doing their jobs.”

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be