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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