Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Cambodia-U.S. Bilateral Trade Sees Notable Increase, Reaching $626 Million in January 2024

  • Posted Mar 1, 2024 10:41 by Anthony Ellis
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Phnom Penh: The Ministry of Commerce announced a 7.74% increase in bilateral trade volume between Cambodia and the United States, from $581 million in January 2023 to $626 million in January 2024. This announcement came during a meeting between the Secretary of State of the Ministry of Commerce, Buon Sarak Mony, and a delegation from the US-ASEAN Business Council, representing 17 prominent companies. The meeting focused on enhancing trade ties and exploring investment opportunities for U.S. companies in Cambodia, including major firms like Abbott, ADM, Chevron, ConocoPhillips, Estée Lauder Companies, FedEx Express, Ford, Jhpiego, Manulife, Mastercard, Meta, Pfizer, Philip Morris International, RMA Group, Roche, Tilleke & Gibbins, and Visa.

The Secretary of State briefed the U.S. delegation on Cambodia's efforts to bolster the business environment, highlighting the launch of a mobile application for consumer protection (CCF App) and a public call center to access the Ministry's services. These initiatives underscore Cambodia's commitment to facilitating trade and investment, and improving consumer protection.

Discussions also ventured into strategies for deepening cooperation and mutual support, aiming to further advance the trade and investment relationship between the two nations. This meeting not only reflects the growing economic ties between Cambodia and the United States but also underscores the potential for future collaboration in various sectors.


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