Despite loss of duty-free status, Kingdom’s rice exports see 6% increase

[geovalin]

Despite losing its duty-free export status in the EU, the Kingdom’s rice exports saw a six per cent increase in the first quarter of this year compared to the same period last year, according to figures released by the Secretariat of One Window Service for Rice Export Formality. Industry insiders said the increase is due to a rise in exports to China which offset the dip in EU sales.

 

The Secretariat’s report showed that rice exports in the first three months of 2019 reached 170,821 tonnes, a six per cent increase on the 161,115 tonnes exported in the same period last year. Cambodia Rice Federation vice-president Hun Lak attributed the rise to new quotas implemented by the Chinese government that allowed the importing of up to 400,000 tonnes of tariff-free rice from Cambodia.

 

“The rise of exports is a result of China’s increased quotas, which encourage exporters to focus on the Chinese market,” Lak said.

Prime Minister Hun Sen met with Chinese President Xi Jinping during a four-day visit to Beijing in January, saying Xi had agreed to import 400,000 tonnes of rice from Cambodia this year as part of the plan to increase bilateral trade between the two countries to $10 billion by 2023.

 

read more https://www.phnompenhpost.com/business/despite-loss-duty-free-status-kingdoms-rice-exports-see-6-increase

[Benmart]

"There are statistics, damn statistics and lies". - Mark Twain

[Ulic]

2 hours ago, Benmart said:

"There are statistics, damn statistics and lies". - Mark Twain

"Lies, damned lies and statistics."

The phrase was popularized in the United States by Mark Twain (among others), who attributed it to the British prime minister Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics."

[Redline]

I don’t believe any actual action has been taken, and won’t be until the investigation period ends?