Cambodia’s exports to the European Union (EU) last year were worth 4 billion USD, up 25% compared to the 2021’s figure, according to the country’s ministry of commerce.
Cambodia’s exports to the European Union (EU) last year were worth 4 billion USD, up 25% compared to the 2021’s figure. (Photo: khmertimeskh.com)
PhnomPenh (VNA) - Cambodia’s exports to the European Union (EU) lastyea🅘r were worth 4 billion USD, up 25% comp🍌ared to the 2021’s figure, according tothe country’s ministry of commerce.
The tradeturnover between Cambodia and the EU reached 4.8 billion USD in 2022, anincrease of 15.9% against the previous year. The country spent 812 million USD on imports from this market, resulting in atrade surplus of 3.23 billion USD. Germany wasCambodia’s largest EU trading partner last year with trade turnover amountingto over 1.2 billion USD, up by 19.2%. It was followed by Belgium (731 millionUSD), the Netherlands (596 million USD), France (542 million USD), and Spain(503 million USD), according to Cambodia’s general department of customs andexcise (GDCE). Germany was alsothe biggest EU buyer of Cambodian goods, at over 1 billion USD, marking a 23%increase year-on-year, followed by Belgium (642 million USD), the Netherlands(552 million USD), Spain (474.7 million USD), and France (423 million USD), GDCEfigures show. According toHong Vanak, director of international economics at the Royal Academy ofCambodia, exports of garments, footwear, bags, bicycles and other items to thebloc remain in positive growth, even with the EU’s partial withdrawal of thetariff preferences granted to the country under the Everything But Arms (EBA)scheme. He emphasisedthat Cambodia's economic growth in the past two decades is associated with theactive support of the EU market. It is forecasted that Cambodia's exports tothe EU will continue to increase in value in the near future in the contextthat the bloc is still an important market for the Southeast Asian country, headded./.
The World Bank’s Board of Executive Directors on December 20 approved a financing of 274 million USD to support reforms that will boost growth and strengthen Cambodia’s resilience, the World Bank announced on December 21.
The Cambodian People’s Party (CPP) convened its extraordinary congress on January 28-29, during which it issued many important decisions and policies regarding the leadership work, as well as orientations for national development in the time ahead.
The Cambodian Government has been pushing for the establishment of more bilateral free trade agreements (FTAs) with main trade partners in order to expand export markets for its products.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Cambodia’s exports to the European Union (EU) last year were worth 4 billion USD, up 25% compared to the 2021’s figure. (Photo: khmertimeskh.com) 
