Tuesday, 15 December 2009

The Phnom Penh Post News in Brief



(Posted by CAAI News Media)

VN exporters complain

Tuesday, 15 December 2009 15:00 POST STAFF

AT a meeting with officials in Ho Chi Minh City last week, Vietnamese exporters complained of high import tax rates of between 25 and 40 percent imposed by Cambodia, Vietnam News reported Monday. The meeting was aimed at helping firms resolve export difficulties with the Kingdom. Delegates said duties made it difficult for them to compete. The trade ministry said it had sent a list of 32 essential items to the Cambodian government to reconsider import tariffs ahead of negotiations expected for next year, the report said. Vietnam earned US$1.43 billion from exports to Cambodia last year.

Govt, Japan sign pact

Tuesday, 15 December 2009 15:00 Jeremy Mullins

THE government Monday signed a memorandum of understanding with the Japan External Trade Organisation (JETRO) aimed at boosting trade, investment and industrial development. JETRO will establish an office in Phnom Penh in March, according to a copy of the agreement. Official figures showed that Japan invested just US$148 million in Cambodia between the end of 1994 and the end of the third quarter this year, compared with China’s $6.511 billion and $2.856 billion by South Korea over the same period.

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