Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, China to sign rice-export deal

Cambodia, China to sign rice-export deal

Cambodia, China to sign rice-export deal

THE Cambodian government is set to sign a deal with the Chinese government for rice exports later this week, according to Prime Minister Hun Sen.

Speaking at a graduation ceremony at Phnom Penh’s International Institute of Cambodia’s University of Technology, the Prime Minister said yesterday that the rice agreement would help to cement the Kingdom’s trading ties with the world’s second-largest economy

“We have begun actively negotiating with the Chinese in order to boost rice exports,” he said.

“China is also the main rice importer from Thailand and Vietnam.”

The People’s Republic is a largely untapped market for Cambodian exports, according to Hun Sen.

“We will export rice, and then cassava and other agriculture products,” said Hun Sen.

Council for National Economy deputy director Sun Kunthor said the deal would be signed Friday in Phnom Penh.

The size of the rice exports and dates of the shipments to China would be revealed at the signing event, he said.

Qian Hai, spokesman and second secretariat of the Chinese Embassy in Phnom Penh, confirmed yesterday that the agreement signing would be held this week along with the release of more specific figures.

“So far we do not know the total of how much rice will [be] exported to China from Cambodia,” he said.

Cambodia has recently updated its rice policy.

On August 17, Hun Sen targeted increasing Cambodia’s exports of the grain to a million tonnes by 2015.

The premier has also previously announced that the government would guarantee 50 percent of commercial bank lending to rice producers.
ADDITIONAL REPORTING BY SAM RITH

MOST VIEWED

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • China-Cambodia tourism forum held

    The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the country’s tourism minister said on