Logo of Phnom Penh Post newspaper Phnom Penh Post - PM: China raises rice quota

PM: China raises rice quota

A team of farmers prepare to plant rice seedlings in a paddy in Kampot province last year.
A team of farmers prepare to plant rice seedlings in a paddy in Kampot province last year. Pha Lina

PM: China raises rice quota

China has agreed to increase its import quota for Cambodian rice to 300,000 tonnes by next year, Prime Minister Hun Sen announced yesterday following his return from Beijing where he attended the Belt and Road initiative summit.

In a post to his official facebook page, Hun Sen detailed a conversation he had with Chinese president Xi Jinping, who said China would increase its imports of Cambodian rice from the previously agreed limit of 200,000 tonnes a year to 300,000 tonnes in 2018. The message also said Xi expressed hope that bilateral trade between the two countries would reach $6 billion by 2020.

Hun Sen added that during his visit earlier this week he sought to promote Cambodian trade and tourism ties with China. He added that Cambodia will seek to open trade centres in several Chinese provinces to exhibit some of the Kingdom’s export products and provide information related to tourism and investment opportunities.

He called for Chinese businessmen to further invest in Cambodia, noting the country’s peace and macroeconomic stability.

The Cambodian premier said he was impressed by the outcome of the Belt and Road initiative summit due to its potential to increase connectivity between countries in the region and the rest of the world.

The prime minister added that 100 Chinese companies were currently looking to invest in a special economic zone near Sihanoukville, symbolising the strong economic relationship between the two countries.

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring