Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice export potential highlighted

Rice export potential highlighted

Rice export potential highlighted

Cambodia has plenty of potential to become a large rice exporter, and should consider measures such as a free trade area on its borders to boost trade, according to a Thai official.

Speaking at a Phnom Penh meeting with members of the Thailand Rice Exporters’ Association, Niyom Wairatpanij, vice chairman of Thailand’s Board of Trade, urged the Kingdom to overcome its obstacles to increase rice exports.

“I think Cambodia has a lot of potential to become a [major] rice exporter in the near future,” he said. “But in the meantime, I think you still lack infrastructure, and electricity and logistics costs are very high compared to Thailand.”

Those costs are “more than double,” Niyom Wairatpanij said.

Minister of Commerce Cham Prasidh said the country was working on these issues, pointing to work on railway to better connect the Kingdom with Thailand and neighbouring countries.

He also said the lack of quota limitations and duty-free status Cambodia enjoys in the European Union makes processing and exporting rice from here “much more attractive.”

Niyom Wairatpanij also urged Cambodia to set up a free-trade zone at the border to allow for a free flow of goods between the countries, but Commerce Minister Cham Prasidh rejected the idea, saying the recent border clashes would make that difficult.

Korbsook Ian Suri, president of the Thai Rice Exporters’ Association, said that after a few days touring Cambodia and meeting rice millers and government officials, she did see opportunities for future investment.

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National

  • Chinese influence to sweep Kingdom?

    Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism. The Asian giant has become the leading source of foreign funds in Cambodia, fuelling the construction sector with huge casino and hotel projects. Much of the growth

  • Tourist arrivals up by 12%

    Cambodia welcomed more than three million foreign tourists in the first half this year, an increase of 12.7 per cent compared to the same period last year, official data from the Ministry of Tourism said. Leading the way in the rise were Chinese and Vietnamese tourists.