Canada to establish Kingdom trade office

30 January 2015

Canada is to establish a local representative office in Cambodia to strengthen bilateral trade between the two nations.

It will be very small to facilitate trade and political relations and hopefully set up by the end of this year. “We already have a lot of direct imports from Cambodia in mostly garments and footwear, but we do want to encourage more two-way direct trade between the countries.” Each year, Canada imports more than $470 billion in goods and services worldwide. Of that figure, Cambodia contributes less than 1%, or about $690 million.

Source:

http://www.phnompenhpost.com/business/canada-establish-kingdom-trade-office

China train firm still eyeing rail potential

30 January 2015

The company behind Cambodia’s mysterious $9.6 billion railway is back in town, this time they are considering the feasibility of another railway project.

In January 2013, the China Railway Group Limited announced a $9.6 billion railway line to run from Preah Vihear province in the north to Koh Kong province in the south. President of the organizations subsidiary, China Railway International Group, Lu Bo met with the Minister of Commerce of Cambodia on Wednesday saying his firm wants to do a feasibility study on another railway in Cambodia.

Source:

http://www.phnompenhpost.com/business/china-train-firm-still-eyeing-rail-potential

Airport traffic growth boom

30 January 2015

Chinese tourism continues to fuel Cambodia’s skyrocketing aviation sector, now one of the fastest-growing markets in all Southeast Asia for five years running. Australian-based Centre for Aviation yesterday released the first of a two-part report on Cambodia’s aviation market. The report showed a 13% increase in passenger traffic to more than 5.7 million across all three major airports in 2014. The acceleration of Cambodia’s aviation market comes as regional countries, such as Thailand and Malaysia, slowed.

Source:

http://www.phnompenhpost.com/business/airport-traffic-growth-boom