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Diversify Crop Exports in Cambodia
Wednesday, 20 March 2013 00:00



Cambodia needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official said yesterday.

Economy and Finance Minister Keat Chhon raised the issue during the annual meeting of the Ministry of Commerce.
Exports of agricultural products were also on the rise, but not by much, Prasidh said. "We have always exported agricultural products, but we don't seem to be promoting them as strongly as we should be."

Commerce Minister Cham Prasidh said that as well as garments and shoes, Cambodia exported a large of number of bicycles, produced in special economic zones.

Cambodia Economic Association president Chan Sophal said that the more agricultural products were exported, the better it would be for farmers, as well as the Kingdom's economic stability.

Cambodia should sign official export agreements with neighbouring countries to ensure farmers' produce was bought every year, thus maintaining stable prices, Sophal said.

"The aim should be to increase official exports as much as we can. Cambodia has to make an official agreement with neighbouring countries that buy Khmer products to avoid price fluctuations."

Ministry of Commerce figures show Cambodia's total trade volume was $13.4 billion last year. Exports accounted for $5.5 billion of this figure.

Source: Phnom Penh Post

 


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