Cambodia will export more milled rice to China in the years to come

Published Nov 5, 2022

Tridge summary

The article highlights the expectations of Cambodia to increase its milled rice exports to China due to the implementation of the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA). These free trade agreements are set to facilitate trade and provide greater market access for Cambodian products. In the first 10 months of 2022, China remained a major buyer of Cambodia's milled rice, as shown in a report by the Cambodia Rice Federation. The report also indicated a 10.6% increase in Cambodia's exports of milled rice to international markets in the January-October period compared to the previous year, reaching 509,249 tons and generating a gross income of 324 million USD. The exports were made to 56 countries and regions, including fragrant rice, long grain white rice, parboiled rice, organic rice, and glutinous rice.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

PUNOM PEN, November 5 (Xinhua) -- Cambodia Rice Federation (CRF) President Song Saran said earlier this year that with the entry into force of the Regional Comprehensive Economic Partnership (RCEP) trade agreement and the Cambodia-China Free Trade Agreement (CCFTA), Cambodia's upcoming He said it is expected to export more milled rice to China in the coming years. A report released by the CRF on Saturday revealed that China remains a major buyer of Cambodia's milled rice for the first 10 months of 2022. "These free trade agreements will further facilitate trade in goods between Cambodia and China, as well as other participating countries," Saran told Xinhua. "Both trade agreements have provided greater market access for Cambodia's products. I think this will enable more foreign investors to invest in various sectors such as the rice industry to export finished products to RCEP member states with tariff concessions," Saran said. Penn Sovicheat, Undersecretary of the Ministry of ...

Source: Sondakika