Cambodia-United States Bilateral Trade has Increased in 2012, yet Cambodia Export has Decreased

Cambodia-United States Bilateral Trade has Increased in 2012, yet Cambodia Export has Decreased

            Phnom Penh:  Cambodia-United States bilateral trade has increased while Cambodia export has decreased a bit in 2012.

            According to the figure from trade statistics for the US, bilateral trade between Cambodia and the US has increased by 0.61%. Meanwhile, Cambodia export to the US market has decreased by 0.83% due to the increasing of the US export to Cambodia market. In 2012, bilateral trade relations between the two countries totally worth 2.917,8 million USD and increased by 0.61% in comparing to 2011 which totally worth only 2.900 million USD. In addition, Cambodia export to the US costing 2.691,6 million USD and the US export to Cambodia costing 226.2 million USD.

            From January to December 2012, Cambodia export to the US market has decreased by 22.8 million USD or 0.83% due to totally worth of Cambodia export to the US costing 2.714,4 million USD in 2011. On the other hand, the US export to Cambodia in 2012 has increased by 40.6 million USD or 21.87% due to the US export to Cambodia costing 185.6 million USD in 2011. Although Cambodia export has decreased, the US still considered as the largest export market for Cambodia.

            Cambodia exports to the US market are the products from garment factory as well as agricultural products, and the US exports to Cambodia are medicine, machine and some raw materials. (Rasmei Kampuchea)

           

Approximately 300 Japanese Companies To Invest in Cambodia Due to Stable Political Security

            Phnom Penh:  Japan has provided 76 million USD aids to Khmer Rouge Tribunal from 2005-2012, and 301 million USD grant aids to Cambodia from 2010-2012, including 139 million USD loans. More importantly, approximately 300 Japanese companies will invest in Cambodia, said Mr. Koy Kuong, spokesman for the Ministry of Foreign Affairs and International Cooperation.

            H.E. Mr. Masafumi KUROKI, the outgoing Ambassador of Japan to Cambodia, met and bid farewell to DPM H.E. Hor Namhong, Minister of Foreign Affairs and International Cooperation, on 6 February 2013. DPM H.E. Hor Namhong also thanked Japanese government that has provided aids on many sectors to Cambodia, especially infrastructure sector such as roads, bridges, agricultural sectors, clean water projects as well as Khmer Rouge Tribunal. In addition, he also welcomed the Japanese investors to invest in Cambodia.

H.E. Mr. Masafumi KUROKI added that the number of Japanese investors in Cambodia has increased due to stable political security as well as the good relationship between two countries (Rasmei Kampuchea).