Increasingly closer ties between Phnom Penh and Beijing are spurring a rise of Chinese investment into the Kingdom, with businesses from the world’s second-largest economy now taking a closer look at Cambodia’s agricultural sector, Chinese officials said during a press tour last week to the country’s eastern Fujian province. Executives in Fujian see Cambodia as an attractive destination for investment in agriculture and garment factories, said Chen Hui, the vice-president of Quanzhou City’s chamber of commerce. The city, which is Fujian province’s port, last year set up a council to work with Cambodian rice exporters, he said…Full Article: Khmer Times May 2016

Key Points

  • The city of Quanzhou, Fujian Province, has established an agriculture cooperation office in Cambodia.
  • China has reportedly agreed to annually import 100,000 MTs of Cambodian rice.

ChinaAg Comments

  • In April 2016, a Chinese-owned sugarcane processing facility began operation in Preah Vihear, northern Cambodia. According to Cambodia’s Industry Minister, additional factories will be built in 2017 that will eventually produce 50,000 MTs of ethanol (for export to China) and 100,000 MTs of organic fertilizers.
  • In December 2015, China set a deadline (end of 2015) for Cambodia to submit a list of all its rice exporters so that they may carry out quality control inspections. China was reportedly concerned that not all of the 71 registered Cambodian rice exporters met its quality control and hygienic standards.
  • In April 2015, China announced plans to increase its imports of Cambodian bananas, mango and soybeans.
  • In December 2014, Chinese and Cambodian companies reached numerous agricultural agreements. The deals included China purchasing 200,000 MTs of cassava chips (~US49 million) and 30,000 MTs of milled rice from Cambodia’s Mekong Oryza Trading company. In addition, China’s Fuzhou Newgroup Industry agreed to distribute beer from Cambodia’s Khmer Brewery Ltd. (for one year) throughout the mainland.
  • In December 2013, China’s Yunnan province donated 200 agricultural engines to Banteay Meanchey province, northwestern Cambodia.
  • In January 2013, China’s Guangxi region donated 100 MTs of milled rice (humanitarian aid) to Cambodia.

 

Similar Posts by ChinaAg

Spread the word. Share this post!