Logo of Phnom Penh Post newspaper Phnom Penh Post - Trade remedy law to be discussed

Trade remedy law to be discussed

Trade remedy law to be discussed

Govt hopes meeting will help to stem the flow of ‘dishonest’ pig and fish imports to the Kingdom

THE government will discuss measures to prevent “dishonest” importing of goods and produce from neighbouring countries, during a meeting in Phnom Penh of some forty officials, legal and business experts today.

The agenda for the inter-ministry working group meeting, to be held at the Intercontinental Hotel, is to examine and discuss a draft of the trade remedy law.

Cambodia has been affected by informal importation of goods such as pigs, cement, roof tiles and fish from its neighbours.

It is alleged that such goods are sometimes imported in high numbers, sold at cheap prices, which undercut domestic markets and damage sales.

Sok Sopheak, director general of the General Directorate of International Trade of the Ministry of Commerce, said Wednesday that the meeting would give everybody a chance to raise problems related to the “dishonest” imports.

It would also tease out the articles of law required to support fair and honest competition between all goods producers.

“Through this meeting, we hope Cambodia will have a quality law which can be used to solve any problems negatively affecting local industry through the dishonest import business and very fast increases in imports,” Sok Sopheak said.

Curtis Hundley, chief of party of the USAID Cambodia MSME project, said that once the law is enacted, Cambodians will compete on a more equal plane.

“In 2007, a great many pigs were imported to sell in Cambodia at very low prices from Vietnam, and in 2008 a lot of products were imported from Thailand,” he said

The draft trade remedy law includes points required by the World Trade Organisation for implementing measures to prevent the problem.

It will be sent to the Council of Ministers by the inter-ministry working group to revise and edit early next year, before being submitted to the National Assembly for approval.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said