Cambodia will unveil another commercial center in China in May, to boost trade between the two countries and inform Chinese business people and tourists about opportunities in Cambodia. Commerce Minister Pan Sorasak yesterday announced the plan for the center in Xi’an, Shaanxi province, at a conference to promote economic ties between the nations. He said trade between Shaanxi province and Cambodia was worth $1.29 billion in 2016, while trade with the whole of China came in at $4.5 billion…Full Article: Khmer Times Mar 2017
- In March 2017, Cambodia and Shaanxi Province signed a MoU agreement to increase (agricultural) trade/investment in Cambodia’s special economic zones.
- Cambodia has commercial offices in Macau, Nanning, Guangzhou, and Beijing, and hopes to open an office in Xi’an in May 2017.
- In February 2017, Jianyutang (Cambodia) Fishery, a joint-venture between Hong Kong’s China Ocean Fishing Holding and Cambodia’s Khmer First Investment Holding Group, signed a MoU with Cambodia’s Ministry of Agriculture, Forestry and Fisheries to develop a fish farm.
- In January 2017, Cambodia’s Deputy Director of the Ministry’s Fisheries Administration stated that US$30 million was proposed to develop a 200-hectare fish farm (location unspecified), with an additional US$70 million to potentially be invested in a fish feed mill and processing factory. The investments would be made by China Ocean Fishing Holding’s subsidiary, Shenzhen Jinyutang Fishery, and Cambodia’s Khmer Holding Group (see businessman Cao Yunde, aka Khao Yun Dy).
- In October 2016, Cambodia’s Minister of Agriculture, Forestry and Fishery signed a MoU with Shandong Province’s Tian Rui (Cambodia) Agricultural Cooperation Special Economic Zone. As a result of the MoU, China plans to invest approximately US$2 billion on creating a Special Economic Zone (~300 hectares) in western Kampong Speu Province, Cambodia. The SEZ will have a processing and packaging factory, as well as storage facilities.
- In May 2016, China Huanqiu Contracting and Engineering Corp and Cambodian Petrochemical Company signed a MoU to construct a chemical fertilizer plant in Sihanoukville Province, Cambodia. According to a representative of Cambodian Petrochemical Company, both companies are contemplating building a fertilizer factory that will process oil refinery waste into fertilizer ingredients. The factory could potentially have a production capacity of 800,000 MTs per year. During the same month, it was reported that the Chinese city of Quanzhou, Fujian Province, was looking to be an import hub for Cambodian rice. The city had already established an agriculture cooperation office in Cambodia.
- 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.
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