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

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • Nestle’s debut may spur dairy market

    Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom. During a visit by a delegation led

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement