Economy and commerce
Trade
Cambodia’s rice farmers in serious danger
Half a million Cambodian farmers could possibly be looking at empty rice bowls if the European Union (EU) pushes through with the withdrawal of its Everything But Arms (EBA) trade preference. While the garment and footwear sectors stand to lose the most if the EBA trade scheme – ...
Jason Thomas
Kingdom rejects VN request
Cambodia rebuffed Vietnam’s request to provide nationality to its citizens living in Kratie, Mondulkiri, Ratanakiri and Stung Treng provinces, with officials saying law enforcement is the Kingdom’s responsibility. Chheang Vun, the head of the National Assembly’s Committee on Foreign Affairs, International Cooperation, Propaganda and Information, told ...
Laos plans regulatory reforms to boost trade at border crossings
The Ministry of Industry and Commerce will continue efforts to improve or remove unnecessary measures and regulations relating to exports and imports to bolster cross-border trade. Officials in charge of trade facilitation met in Vientiane last week for the 2nd Trade Facilitation Committee Secretariat meeting to ...
Bounfaeng Phaymanivong
Upgrading the ASEAN–China Free Trade Agreement
In 2015, ASEAN and China signed an upgraded protocol to improve the original Framework Agreement for the ASEAN–China Free Trade Area (ACFTA). The upgraded protocol entered into force in July 2016 and implementation will start from August 2019. Since ACFTA was launched, China’s share of ASEAN ...
Jayant Menon and Anna Cassandra Melendez
Thailand’s pangolin pipeline
In the early hours of a Sunday morning this past March, officers manning a roadside checkpoint in Thailand’s Prachuap Khiri Khan province were hardly fooled when an approaching pick-up attempted to bypass their blockade by hastily detouring down a side road 300m away. The officers gave ...
Chuleeporn Butrkote
EU-Vietnam trade deal prompts concern in Thailand
On June 30 in Hanoi, Vietnamese and EU officials signed a new free trade deal that could shift the balance of manufacturing in the region. The EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement will reduce tariffs and facilitate trade between the two parties. Vietnam will ...
Skylar Lindsay
PM: Ending trade pacts hurts development
Prime Minister Hun Sen called on World Trade Organisation (WTO) member states and development partners “to give close consideration” before removing preferential trade status from Least Developed Countries (LDCs). Speaking at the opening of the WTO’s 2019 Global Review of Aid for Trade in Geneva, Switzerland ...
Hin Pisei
Leaders grapple with ASEAN’s thorniest issues at the 34th ASEAN Summit
The 34th ASEAN Summit, which ended on June 23, brought ASEAN leaders together to discuss regional economic, environmental and diplomatic challenges. This time around, the biannual summit centred on sustainability. The bloc is home to some of the fastest growing economies in the world, and sustainable development is a ...
Zachary Frye
EU Kicks Off Fact-Finding Mission to Determine Cambodia’s Eligibility For Preferential Trade Status
The European Union kicked off a five-day fact-finding mission in Cambodia on Monday to determine whether it should continue to benefit from a tax-free EU trade scheme, based on the state of human rights and democracy in the Southeast Asian nation. In February, the EU announced ...
New regulation lifts ban on export of elephants
ELEPHANTS and elephant-related products can again be exported from Thailand under a new regulation from the Commerce Ministry, which may provoke controversy and debate over whether it violates the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). However, the National Park, ...
Pratch Rujivanarom