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

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Mr Pancake or M Crepe? Tasty by any title

    Crowds of people gather around a lone man with a mobile food cart every day at around 2pm in front of the Institut Francais du Cambodge to order what many say are the best crepes in Phnom Penh. To some – even to the man making

  • Phnom Penh condo market loses steam

    Just four new condominiums were launched for sale last year in the capital, down from 17 in 2020, according to research by CBRE Cambodia. The four developments comprised “more than 1,000” units, while the 17 in 2020 consisted of 10,866, the real estate firm reported. CBRE Cambodia categorises condos as “high-range”, “

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Molnupiravir treatments available at Cambodia Post

    The working group overseeing the management, distribution and supply of strategic drugs in the fight against Covid-19 at the Ministry of Post and Telecommunications has begun distributing 200mg molnupiravir capsules with the brand name Molnatris at all branches of its Cambodia Post from January 19 in