Wednesday, April 9, 2014

Ministry shake-up as AEC integration looms

9 April 2014

The Ministry of Commerce is undergoing an internal shake-up to better position itself for the opening up of trade across the region. Commerce Minister said that ahead of Asean Economic Community (AEC) integration in 2015, new divisions were being established and others realigned within the ministry to cut red tape and make processes easier for businesses in Cambodia. The reshuffle is the latest in a string of recent reforms announced by the ministry, including a move towards the online automation of a requirement that exporters must provide a certificate of origin for their products.


A new trade support services division will be established at the ministry to consolidate all services provided to the private sector, including company registration and special economic zone management, while the former trade promotion department will be elevated to its own division and given more resources to seek new markets for Cambodian exports. The ministry is also establishing a trade training institute under the domestic trade division to help inform producers such as farmers of future market trends. And in an effort to rein in red tape, the international trade division will be divided into departments dedicated to serving specific regions of the world for those looking to trade with just Asia Pacific.

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