Logo of Phnom Penh Post newspaper Phnom Penh Post - Revenues from trade inspection climbing

Revenues from trade inspection climbing

Revenues from trade inspection climbing

Camcontrol Directorate General revenue from goods inspections during the first half of the year increased by more than 32 percent compared to the same period last year, according to Ministry of Commerce data.

Camcontrol, or the Cambodia Import-Export Inspection and Fraud Repression Directorate General, which regulates imports and exports in the Kingdom and operates under the Ministry of Commerce, collected US$4.95 million between January and June, up from $3.73 million during the first half of 2010, according to the data.

Kong Putheara, director of the Department of Statistics and Information at the Ministry of Commerce, said that increases in Camcontrol revenue are due to restrictions on the number of gates that can be used for exporting and importing goods.

Growth in Cambodia’s business chain also ushered in increases in the regulatory body’s revenue, he said. Camcontrol plays a special role in the Cambodian economy, he added, as it protects consumers via the regulation of incoming or outgoing goods while also generating revenue.

Kang Chandararath, president of Cambodian Institute for Study and Development, said that the institution’s revenue growth showed a blooming Cambodian economy.

“[The data] highlights the increase in Cambodian business and its economy because the institution plays a role in checking goods, making business fair and attracting investors,” he said.

MOST VIEWED

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said

  • Preah Sihanouk beach developments halted

    After receiving an order from Hun Sen, Minister of Land Management Chea Sophara led a team of experts and relevant officials to Sihanoukville to call a halt to the illegal development of a beach. The prime minister ordered the Prek Treng beach in Otres commune

  • CPP: ‘Behave or Sokha suffers’

    The ruling Cambodian People’s Party (CPP) spokesman warned Kem Monovithya on Thursday that her attempt to damage “national reputation and prestige” would lead to her father, Kem Sokha, receiving even harsher punishment. Sok Eysan issued the warning as Monovithya, who is the court dissolved