Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom works to list priority products to capitalise on FTAs

Kingdom works to list priority products to capitalise on FTAs

Content image - Phnom Penh Post
Cambodia exported more than three million tonnes of agricultural products as of mid-September. Hong Menea

Kingdom works to list priority products to capitalise on FTAs

Cambodia is working to identify potential and priority products to capitalise on preferential treatments under free trade agreements (FTAs) and boost exports.

Ministry of Commerce secretary of state Seang Thay on Friday led a fourth meeting among relevant departments under the ministry to discuss promoting production and shoring up bilateral trade in the region.

He said that following the third such meeting, the ministry set up secretariat working groups on research and development, priority product identification, and report preparation to speed up the work.

“The goal of the fourth meeting was to review and finalise the list of potential Cambodian products and prepare the export growth plan under the [various relevant] regional and bilateral frameworks.

“[The plan] will emphasise on reaping the profits from existing bilateral and multilateral FTAs, promoting local products and lifting exports,” Thay said.

However, he told The Post on Monday that the ministry still needs more time to identify the products around which the export and production growth policy will be designed.

Cambodia Chamber of Commerce vice-president Lim Heng said the initiative is in response to a global campaign to boost agricultural productivity, which has topped agendas worldwide amid Covid-19.

“During Covid-19, agricultural production has caught the attention of the world. Given that we are an agricultural-based country, a government list of priority products to boost production and export will do a world of good.

“Once we’ve determined what the priority products should be, we’ll be able to formulate an exact road map and proper policy so as to not only boost production for export, but also reel in more investment in food processing considering that we now export mainly raw materials,” he said.

Cambodia exported more than three million tonnes of agricultural products to international markets as of mid-September, the Ministry of Agriculture, Forestry and Fisheries reported.

Its data show that by September 11, Cambodia had exported a large number of finished agricultural products, including milled rice, cassava, pepper, rubber, fresh mangoes, cashew nuts, bananas, corn, soybeans, vegetables and tobacco.

Milled-rice exports amounted to 463,805 tonnes, fresh cassava, dried cassava chips and tapioca starch reached more than 1.7 tonnes, cashew nuts (202,207 tonnes), fresh yellow bananas (213,486 tonnes), fresh mangoes and its dehydrated products (56,590 tonnes), pepper (3,959 tonnes), palm oil (41,970 tonnes), tobacco (5,376 tonnes) and soybeans (3,876 tonnes).

The Kingdom shipped 193,660 tonnes of corn, vegetables (84 tonnes), sweet potatoes (2,865 tonnes), fresh and dried chilli peppers (52,621 tonnes), pomelos (15,150 tonnes) and other products (55,420 tonnes).

Cambodia’s agricultural products are exported to Thailand, Vietnam, China, Japan, South Korea, Singapore, the Philippines, Malaysia, Indonesia, India, Sri Lanka, Australia, Pakistan, Russia, France, Belgium, Italy, the Czech Republic, Croatia, Switzerland, the Netherlands, Germany, the US, Britain, Belarus, New Zealand, Sweden and Hungary, the ministry said.

MOST VIEWED

  • Seven positive for Covid-19, Hun Sen confirms local transmission

    Prime Minister Hun Sen announced that there has been local community transmission of Covid-19. However, he urged the people not to panic even though the Ministry of Health announced the discovery of seven new cases on Sunday. Among the victims are Chhem Savuth, the director-general

  • Cambodia at ‘most critical moment’, Hun Sen warns

    Prime Minister Hun Sen said the first community transmission of Covid-19 in Cambodia has led the country to the “most critical moment” that warranted urgent, large-scale operations to contain the pandemic. Hun Sen, who confirmed the first local transmission on November 28, said the source of

  • PM confirms community transmission, calls for unity

    Prime Minister Hun Sen has called on the public to stay calm, unite and follow the Ministry of Health guidelines after the wife of a senior official tested positive for Covid-19 in the Kingdom’s first case of community transmission. The case has drawn criticism

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there