May Kunmakara
The Phnom Penh Post
TRADE between Cambodia and China over the first nine months of 2010 has already surpassed the total amout recorded last year, according to figures from the Ministry of Commerce’s Camcontrol department obtained yesterday.
Bilateral trade totalled US$813 million in 2010 to the end of September, a 3 percent rise compared to the whole of 2009, the figures revealed.
The data was released as 16 deals were inked in Phnom Penh between officials and businessmen from the two countries, presided over by Prime Minister Hun Sen and Wu Bangguo, chairman of the standing committee of China’s National Peoples Congress.
One of the deals saw Cambodia’s largest mobile provider, Mobitel secure US$591 million in refinancing, with the Bank of China as lead arranger.
Speaking after the meeting, Kaom Kosal, cabinet chief of Cambodia’s National Assembly, told reporters that China would import more products from Cambodia in the future, as China regarded the Kingdom as a close neighbour.
“[Wu Bangguo] will help Chinese entrepreneurs import more products from Cambodia, especially rice,” he said.
Some government officials said that trade had surged after the China-ASEAN Free Trade Agreement kicked in on January 1 this year, reducing tariffs on many goods.
“The recent China Free Trade Agreement helps to increase imports and exports between the two countries,” said Ministry of Commerce Secretary of State Ok Boung.
There was also increased demand for the Kingdom’s exports in China, as living standards and purchasing power was on the upswing in the People’s Republic, he said.
Cambodia’s exports have “increased because their economy is growing, so they need more imports from us”, he said. “Our economy is also improving, as we can produce more for export.”
Cambodia’s exports to China totaled $37 million in the first nine months, a 157 percent increase on shipments during the whole of 2009, according to statistics.
The Kingdom’s main exports to China include agricultural products, rubber, fish products, timber, and garments and textiles, the statistics show.
Ok Boung said Cambodia normally imported raw garment materials and machinery from the People’s Republic.
“I hope there will be an even larger increase in the future, as the two nations have done a lot of trade deals with each other,” he said.
6 comments:
I invite KI-medai, Khmeryoueng,Khmerization, and all media to please help Sam rainsy, by break him and rebuild him back. We clearly see Sam rainsy, he is not well communicator, and he has no self discipline, and he is disrespect, and he is a not truth-worthy man, he have no co operate, he lack leadership skill, he is lazy and don't have clear vision for us. all these character will never gain any support from voter.
We can clearly see his provocative will lead to more violent and division Khmer society, please stop him and break him from the bottom heart then rebuild him. I agreed people power but should be happen in Kampuchea krom or in Sorin, let Cambodia strong first otherwise it very dangerous for all of us.
I promise if he keep doing it he will bring Khmer down to war it take 15 years to rebuild, and SRP will never progress.
Best Regards.
To those who truly believe SR is too "leftist" ... you have the option to write him to his headquarter in PP voice your opinions and hope he sees your vision.
To be him: you have to be a visionary and some leadership skills in order to exist to this day. You have to understand Khmer attitude to combat such problem with HS. HS without Hanoi is very easy.... but HS has a tail on his own, someone has to have what it takes to fight this battle to save our land.
Can you please, I urge you, I am not belong to any party but I work in the interest of Khmer people, you may write your suggestions, ideas, what is your strategy and what is your motivation toward why you think SR is so NEGATIVE.
In Addition: You need to look at FUNCINPEC = they allowed HS to break them into small pieces. You need to learn about other party first before you into believing SR is too "leftist".... HS had planned to "destroy" SRP for many many years...its party still standing what is that tell you...
I agree you want to see his character changes but how....I say joint him help steer his party into the right direction .... unless you are CPP mouth piece like Pai C pest..
Kone Khmer mearn pooch......... USA
MR Sam Rainsy is too tight and too rigid, and too much proud anger personality.To break him Rainsy mean to calm him down we help him to refocus on humble, more principle, more human that he may willing to listen more than he talk. We have to give him new direction. In order to make him more productive we make sure that Sam rainsy got to be hit hard until he realize the past experience.
All of us could help him out.
Hanoi killed Muslim and took Champa.
Hanoi killed Khmer Krom and has controlled.
That is Viet’s nature.
Down Vietnamese expansionism!
Vietnam will be wiped out from the map!
Vietnam will be wiped out from the map!
Vietnam will be wiped out from the map!
Vietnam will be wiped out from the map!
We are Muslim wake up then united to take CHAMPA back!
Vietnam will be wiped out from the map!
We are Muslim wake up then united to take CHAMPA back!
Vietnam will be wiped out from the map!!
We are Muslim wake up then united to take CHAMPA back!
Vietnam will be wiped out from the map!!
We are Muslim wake up then united to take CHAMPA back!
HERE WE GO AGAIN! BUSINESS IS NOT THE SAME AS USUAL!
LONG LIVE VIET NAM...
KINGDOM OF CAMBODIA
Province of Viet Nam
Nation Religion KING..
1. You idiot khmer have no nation it is all belong to vietnam now.. we run your country and our brothers and sisters are all over your country and in every level of government.
2. You have no religion becuase look at you even your own country to betrayed look at Hun SEn- CPPP we control thme -- how can they have religion becuase soon will be vietnam province
3. KING what KING-- he can not beg us to keep him there-- so he have to bring his mother which she work for our interested with hun sen and cpp.. then his father to beg us for keep him...
what a loser race. you all should dies and wishes you will never born.. better born as vietnamese you might be a little smarter and maybe love your own kind ans country better..
LONG LIVE VIET NAM.
more money from china is good for our vietnamese brothers and sisters
that hold every level of officials in cambodia that control cambodia.. will use this money to further control cambodia... it is us that the king of cambodia to to beg us the viet nam to keep him there.. good work hun sen-cpp.now we have more money from china..
now we have more money we will build all of you a cage
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