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

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from

  • Floods prompt evacuations in Kampong Speu

    Rain-induced floods and water flowing from Kampong Speu province have submerged the houses of 1,527 families living close to the Prek Thnot River in Spean Thma, Tien, Kong Noy and Roluos communes in Phnom Penh’s Dangkor district, according to data from local authorities. Spean Thma