Encouraging Import and Export Performances in 2017

AKP Phnom Penh, Cambodia has increased exports by 20 percent for 2017 through the granted free-tariff system, while overall trade performances are also booming.

The accomplishment was shared by the Ministry of Commerce during its annual review and planning exercise organised here in Phnom Penh yesterday.

The ministry’s report indicates that the free tariff system has allowed Cambodia to export an equivalence of almost US$9,560 million in 2017 from about US$8,017 million in 2016.

Royal Government of Cambodia, it added, has granted import licenses for an amount of US$2,087,844 (up by 335 percent from 2016) and export licenses of US$9,123,397 (up by 37 percent from the previous year).

According to Minister of Commerce H.E. Pan Sorasak, the government has been actively promoting key products, including milled rice, cassava, pepper, mango, banana, palm sugar, silk, and sugar cane.

For 2018, emphasised the minister, Cambodia will continue to identify potential products with strong originality for not only exporting, but also networking with other countries in the region.

Source: Agency Kampuchea Press