Exports up by 19 percent in 2017

[geovalin]

Cambodian exports grew by more than 19 percent in 2017, reaching $9.55 billion in value, according to the latest report from the Ministry of Commerce. Compared with last year, the total value of Cambodian exports increased by more than $1.5 billion.

 

Speaking at his ministry’s annual cabinet meeting yesterday, Commerce Minister Pan Sorasak said they have been hard at work to maintain and ensure current export markets and to expand to new ones, particularly by encouraging entrepreneurs to invest in the manufacturing of non-traditional products. His ministry is focusing on bilateral and multilateral trade agreements within the region and beyond to diversify the export market, he added.

 

“We’ve sought new markets in South America and the Eurasian Economic Union, which hold great potential for Cambodia,” Mr Sorasak said.

The Eurasian Economic Union (EAEU) is comprised of four former Soviet states – Belarus, Kazakhstan, Kyrgyzstan, plus Russia. Seeking closer economic ties with these countries, Cambodia held its first business forum with the EAEU in Phnom Penh earlier this month.

 

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