Two high-ranking Cambodian officials have issued fresh rallying calls for South Korean entities to invest in the Kingdom and take advantage of its bilateral and multilateral trade pacts, especially the Cambodia-Korea Free Trade Agreement (CKFTA) that took effect on December 1.
Minister of Agriculture, Forestry and Fisheries Dith Tina touted the popularity of locally-grown organic pepper and urged farmers and businesses to cultivate and package the product in line with phytosanitary standards to boost exports.
Tourism experts call the return to Sihanoukville of the Bahamas-flagged cruise ship the Seabourn Encore on January 28 a positive sign for the recovery of the Kingdom’s tourism sector.
The post-Covid-19 resumption of regular direct commercial flights between mainland China and Sihanoukville has been welcomed as a milestone in the recovery of international travel to the Kingdom.
Minister of Agriculture, Forestry and Fisheries Dith Tina recommends that more growers cultivate and package organic Khmer pepper.
Minister of Commerce Pan Sorasak encouraged members of the Korea Importers Association to capitalise on Cambodia-Korea free trade agreement (CKFTA), ASEAN-Korea Free Trade Agreement, Regional Comprehensive Economic Partnership (RCEP) and other incentives provided by the Kingdom's new investment law
The first of Chinese-owned Ruili Airlines' resumed regular flights to Sihanoukville touched down on January 27, with a total of 104 passengers aboard.
Cambodia's 34-per-cent public debt-to-GDP (gross domestic product) ratio at end-2022 remains relatively low, which analysts say suggests that the underlying funds have been used effectively for decades to develop the country and bolster rapid economic growth.
Local officials expect the Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA) to be signed in Phnom Penh later this year, at the fourth round of formal negotiations for the deal.
Phnom Penh and Cambodia’s 24 provinces tallied a cumulative 1,049,222 tourists – 42,056 of them foreigners – over January 21-24 for the Lunar New Year, as reported by the tourism ministry on the 25th, a figure that has been chalked up to effective Covid-19 management and infrastructure improvements