Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai trade stronger in early 2011

Thai trade stronger in early 2011

Thai trade stronger in early 2011

BILATERAL trade with Thailand increased by 35 percent year on year in the first quarter 2011, as officials on both sides claimed yesterday border violence has had little impact on the exchange of goods.

Jiranan Wongmongkol, a commercial counsellor based at the Royal Thai Embassy in Phnom Penh, said bilateral trade was on track to increase by an annualised 25 percent over 2011.

“It [trade] is still increasing because the borders remained open and we were able to import and export as normal,” she said. Clashes had broken out in February on the border near Preah Vihear temple.

First quarter bilateral trade totalled US$716 million, compared to $527 million the year previous, statistics from the Thai Embassy’s Foreign Trade Promotion Office show. However, statistics are not yet available for the month of April, when the most recent spate of violence began.

Jiranan Wongmongkol did not specify a date for the planned 2nd Thailand Trade Exhibition 2011, which was slated for May 19 to 22 on Phnom Penh’s Diamond Island, but had been postponed on May 13 by Cambodia’s Minister of Commerce Cham Prasidh.

“For the second large expo this year, we are unsure. We are waiting to see how the situation unfolds between both governments,” she said.

Thailand’s main exports to Cambodia were petroleum, processed goods and consumer products, and construction materials, while agricultural products, second-hand garments, and recyclable materials were shipped in the opposite direction, she said.

Cambodia Ministry of Commerce officials confirmed that trade continued despite the clashes.

“Trade is trade, it is not the problem. We are still trading normally,” Ministry Secretary of State Chan Nora said. Growing Cambodian demand for construction materials has also boosted Thai imports, according to Chip Mong Import-Export and Construction Company Human Resource Manager Sieng Vibol.

“This year, our import of construction materials continues to increase, there is not a problem,” he said.

CP Cambodia Company Marketing Manager Thanak Chhit said yesterday the firm was attempting to cut the amount of animal feed it imports from across the border, in keeping with a corporate mandate to source locally. Petroleum products importer PTT had also been unaffected by the conflict, according to Marketing Manager Bin Many Mialia.

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and