THE Cambodian government is set to sign a deal with the Chinese government for rice exports later this week, according to Prime Minister Hun Sen.
Speaking at a graduation ceremony at Phnom Penh’s International Institute of Cambodia’s University of Technology, the Prime Minister said yesterday that the rice agreement would help to cement the Kingdom’s trading ties with the world’s second-largest economy
“We have begun actively negotiating with the Chinese in order to boost rice exports,” he said.
“China is also the main rice importer from Thailand and Vietnam.”
The People’s Republic is a largely untapped market for Cambodian exports, according to Hun Sen.
“We will export rice, and then cassava and other agriculture products,” said Hun Sen.
Council for National Economy deputy director Sun Kunthor said the deal would be signed Friday in Phnom Penh.
The size of the rice exports and dates of the shipments to China would be revealed at the signing event, he said.
Qian Hai, spokesman and second secretariat of the Chinese Embassy in Phnom Penh, confirmed yesterday that the agreement signing would be held this week along with the release of more specific figures.
“So far we do not know the total of how much rice will [be] exported to China from Cambodia,” he said.
Cambodia has recently updated its rice policy.
On August 17, Hun Sen targeted increasing Cambodia’s exports of the grain to a million tonnes by 2015.
The premier has also previously announced that the government would guarantee 50 percent of commercial bank lending to rice producers.
ADDITIONAL REPORTING BY SAM RITH
- Price index shows rise in petrol, vegetables
- Tourism Ministry links with Oz university
- Mobile warfare
- Passenger train service in Kingdom set to resume
- Cambodia's gold closer than ever to being mined
- Kingdom's property insurance sector still in its i...
- Bangkok to vote on border
- Island building: Koh Puos sales office on the way
- Plug pulled on Mobitel money transfers
- Campu's parent firm to focus on Kingdom
- Cambodia, China to sign rice-export deal
- Brothel owner gets 10 years
- WiMAX debacle must prove a wake-up call
- Cambodian economy earns ‘mini-tiger’ recognition
- Orange People going global
- AsiaInfo-Linkage inks contract with Mfone
- South Korean tech standard adopted
- Visitors to Angkor Wat on the rise
- Outsourcing 'fair' tech trade
- Business secrecy a concern for organisers of econo...
- Trade with Malaysia rises after visit by Najib
- JICA sets out plan to help investors
- Cambodia: Budget draft 2.3bn for year 2011
- ASEAN focuses on logistics
- Tobacco-control law should be passed by 2015, offi...
- MFIs see loans, profits soar
- NBC puts Mobitel on notice over cash service
- Indochine Mining to raise millions
- Wireless “WiMAX” derailed in the Kingdom
- Air France eyes Cambodian skies
- Key corruption suspects identified
- Cambodia “future of world rice”
- Cambodia needs a sensible energy plan
- More tourists may not bring salvation
- IMF sees Kingdom on track to solid recovery
- Growth on KPMG's horizon
- Investing in social enterprise
- High prices in Cambodia: a taxing problem
- Go further with disclosure and embrace ETIT
- Get the booze balance right for your liver
- Work in Phnom Penh can be risky business
- The riel turns the corner, but devaluation continu...
- Little shop of horrors
- Mobitel under greater pressure to clarify Cellcard...
- Sex trend "surprising"
- Best start way for Cambodia bourse
- Road tax offenders could be fined: official
- Punishment drunken driver at night time in Phnom P...
- ▼ October (48)