New Year Postcard Japan

Cambodia exported added than $1.2 billion of articles to the Japanese bazaar in the aboriginal nine months of this year, up 8.4 per cent on the aforementioned aeon aftermost year, abstracts from the Japan External Barter Organisation (Jetro) shows.

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The Kingdom alien added than $398 actor of articles from Japan, a 36 per cent access on the aforementioned aeon aftermost year, the abstracts shows.

Ministry of Commerce agent Seang Thay told The Post on Wednesday that Cambodia’s exports to Japan accept been buoyed by the government’s efforts to abetment exporters, including the description of consign procedures and in accurate the accomplishing of an online arrangement to action consign documents.

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“We are appreciative of the accretion mutual barter aggregate amid Cambodia and Japan consistent from the efforts of the two countries to mobilise business and investors. The accordant ministries’ abetment of barter has led to an access in barter figures,” Thay said.

He said Cambodia’s exports to Japan mostly comprised accouterment and footwear, auto genitalia and electronics components.

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Cambodia Chamber of Commerce vice-president Lim Heng said the advance in exports could be mainly attributed to an access in Japanese investors in the Kingdom over the accomplished few years.

“Most of the Japanese factories in Cambodia are amid in appropriate bread-and-butter zones, which aftermath a lot of articles that are exported to Japan – this is a acceptable assurance that exports will increase,” Heng said.

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Speaking at the 18th Cambodia-Japan Joint Committee affair on November 7, Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea said Japanese advance in non-textile accomplishment has contributed to diversifying Cambodia’s bread-and-butter abject and animal ability development in band with the Cambodia Industrial Development Policy 2015-2025.

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As of September, there were 141 Japanese advance projects with $2.5 billion in basic investment, of which 66 were in appropriate bread-and-butter zones with an estimated basic advance of $340 million, CDC abstracts shows.

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Cambodia’s absolute exports during the aboriginal bisected of this year jumped to $6.8 billion, with Japan baronial fourth with a bazaar allotment of 7.7 per cent, said the National Bank of Cambodia’s first-half report.

Imports accomplished $10.5 billion, with Japan demography the cardinal four atom with a 4.5 per cent bazaar share, the address said.

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