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NEWS UPDATES Asean Affairs   January 31, 2019  






Trade between US and Cambodia rises 27 per cent on previous year


Bilateral trade volume between Cambodia and the US last year rose 27 per cent to more than $3 billion, Cambodian Minister of Commerce Pan Sorasak said on Monday.

Sorasak said bilateral trade between Cambodia and the US last year increased by about $700 million to $3.31 billion, from $2.61 billion in 2017.

During the fifth coalition council meeting on the Trade and Investment Framework Agreement between Cambodia and the US, the minister said the US is the Kingdom’s second largest market, with Cambodian exports to the US valued at $2.88 billion and imports from the US worth $426 million.

He added that access to the UN Generalised Scheme of Preferences has significantly contributed to help drive trade between the two countries.

According to the Ministry of Commerce, last year the Kingdom’s total exports to international markets amounted to over $12.1 billion, up 10 per cent from 2017. The ministry forecasts that Cambodia’s exports could reach $13 billion this year.

However, according to a National Bank of Cambodia (NBC) report released this week, the Kingdom exported more than $13 billion last year.

The NBC report showed that Cambodia imported more than $18 billion worth of goods last year, leaving Cambodia with a trade deficit of more than $5 billion.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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