Logo of Phnom Penh Post newspaper Phnom Penh Post - Commerce Ministry takes AEC on the road



Commerce Ministry takes AEC on the road

Commerce Ministry takes AEC on the road

The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses.

Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will present for local businesses, according to a news release on the ministry’s Facebook page.

“ASEAN Economic Community integration, increasing competitiveness, access to finance and agricultural production will be the main topics discussed in the forum,” said ministry spokesman Ken Ratha.

With the AEC’s December deadline fast approaching, Ratha said the forums would be used to advise people on what it meant for their business.

Close to 700 business representatives from different sectors are expected to attend the forums.

“The ministry will use these discussions to consider more policy reforms at the provincial level, improve existing activity plans and possibly bring out a common mechanism to respond to these challenges,” Ratha added.

Ngoun Meng Tech, president of Cambodia Chamber of Commerce, said the initiative will allow private businesses, at the provincial level, to raise their concerns directly with the ministry and help hasten Cambodia’s regional integration.

“We have the forum at the national level, but not all businesses are able to participate, especially those in the provinces as they have to spend time and money to travel to the Phnom Penh,” Meng Tech said.

Phou Puy, a leading rice miller in Battambang province, welcomed the initiative as knowledge of the AEC was limited among provincial businesses.

“Small- and medium-size businesses need to be informed on the developments of the integration and how it will affect them,” he said.

The forums will kick off in Siem Reap Monday, followed by Battambang province on Tuesday with other provinces to be announced shortly.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Pailin longan winery tries to break through to the big time

    Longan aren’t quite as glamorous as some fruits. They don’t have the star-power of mangos or generate the excitement of a pricey seasonal niche fruit like the pungent durian. Unlike bananas or oranges, which are known and loved everywhere, longan remains a decidedly

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’

  • Debt restructuring over, time to tackle rising NPL ratio

    The Cambodian banking system has just completed a 26-month debt restructuring exercise where scores of loan accounts were revised, classified and provisioned as the rate of non-performing loans inched up, sparking a slight credit risk unease Implemented in April 2020, the Covid-19 debt restructuring measures came

  • Koh Slaket studio resort brings culture with style

    Davitra (Cambodia) Co Ltd’s multi-million-dollar 13ha Koh Slaket studio-cum-resort just east of the capital was inaugurated in the first phase on August 6, providing national and international tourists with a new travel option and job opportunities for locals. The man-made cultural and scenic lakefront getaway