The Cambodian Ministry of Commerce is urging business to participate in the upcoming Cambodia Import-Export Goods Exhibition which will be held from December 15-18, 2020, at the Koh Pich Convention and Exhibition Centre in the capital of Phnom Penh.
Cambodia Import-Export Goods Exhibition 2020
The Cambodia Import-Export Goods Exhibition will be running for the 15th year in 2020. The annual expo aims to promote economic activities of sectors hit hard by Covid-19, the ministry said in an announcement.
The Phnom Penh Post reported that the Ministry said the event would aim to “promote trade and investment activities, export diversification and internal all-round economic connectivity in contribution to the economic development of Cambodia.”
The report also says the exhibition is an ideal opportunity for products to be displayed to potential investment partners. In total, the exhibition will have 100 booths due to COVID-19 compliance requirements.
The ministry’s said the necessary safety measures will be in place in accordance with national health standards and that if the pandemic becomes more serious, the event will be postponed until 2021.
Cambodian Trade
Royal Cambodian Government is looking to secure a number of FTA (Free Trade Agreements) with China, India and Korea in 2020 as well as a Eurasian Economic Union (EAEU) free trade agreement.
In September 2020, the Cambodian Ministry of Agriculture, Forestry and Fisheries reported that the Kingdom has exported more than 3 million tonnes of agricultural products between January and September 2020.
According to a report by the World Bank report, Cambodia’s competitiveness is seen as lower than its regional ASEAN neighbours due in part to its relatively weak business environment. This also was followed by calls form import-export investors asking the Cambodian government to reduce the cost of a certificate of origin (CO).
