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Newsletter No. 97 Jan 26, 2021
Newsletter No. 97 Jan 26, 2021
Newsletter No. 97 Jan 26, 2021
Cambodia Highlights
No. 97 January 26, 2021
4530 16th St NW, Washington, DC 20011
Cambodia,
Despite the COVID-19 Murphy to discussed Hungary to Boost
c ri s i s , t h e Nat i o n a l progress , challenges Cooperation
Committee for Counter and solutions in the fight
Tr a f f i c k i n g ( N C C T ) against human trafficking. Cambodia and Hungary
worked hard to combat agreed to expand
human trafficking in The inter-ministerial cooperation in potential
Cambodia, underlined working groups, both areas including
Ms Chou Bun Eng , at the national and sub- trade and economy;
Secretary of State of the national, have worked agriculture, food security
Ministry of Interior and together to respond to and forestr y ; water
Vi c e - Cha i r wo ma n o f human trafficking and resources management;
NCCT, during a meeting “the results we have education, youth and
on January 22 with US made have improved sports; culture; tourism;
A m b a s s a d o r Pa tr i c k year by year”, she said. (Continue to page 3)
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Cambodian Milled Rice Expected to... meeting to review the
implementation of the
enhanced and more rice Cambodia, especially in Tourism Infrastructure
exports are expected the rice sector, in order Development Project
for the U.S. market. to ensure the progress for Environmental
and sustainability Growth in the Greater
With the high technology o f t h e a g r i c u l t u r a l Me ko n g Su b -re g i o n
in the rice production sector in the Kingdom. i n th e fo u r c o ast a l
chain and government’s provinces of Cambodia.
efforts to promote milled C a m b o d i a ’ s m i l l e d
rice on the international rice was shipped to
m a r k e t s , A m e r i c a n 60 countrie s around
Cambodia,
people will know and the world, including Hungary to ...
acknowledge the quality of China, 24 countries in industr y, technology
Cambodia’s rice, he added. the European Union, and innovation; and
six countries in ASEAN, civil aviation. The
Ambas sador Murphy and 29 other countries, agreement was reached
lauded the good and 76 companies by both sides during
cooperation between engaged in the exports. the First Session of
Amru Rice and U.S. Last year, milled rice Cambodia-Hungar y
firm reflected by this expor t accounted for Joint Commission on
American-standard silo 6 9 0, 8 2 9 t o n s wo r t h Economic Cooperation
installation, underlining nearly US$539 million, on Januar y 20-21.
the U.S. is happy to support up 11 percent from 2019.
In term of trade and
economy, both sides
Kampot Tourism Seaport have shown a strong
Construction to Finish by Year End will to implement the
existing agreement
on the promotion and
protection of investment
between Cambodia and
Hungary, which entered
into force in August
2017, and welcomed the
participation of stimulus
agencies, including the
Hungarian Investment
Promotion Agency to
facilitate and attract
Hungarian investors
The c onstruc tion o f Thong Khon, Minister of to Cambodia, as well
i n t e rn a t i o n a l t o u r i s t Tourism and Chairman as to learn more about
port in Kampot province of the National Project Cambodia's potential
is about 50 percent Management Committee, products for export to
complete and is expected announced this progress the Hungarian market.
to finish by the end of 2021. o n Ja nu a r y 2 0 at a
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Bridge Linking Kampong Cham-Tbong trade procedures and
Khmum Provinces Nears Completion regulations and determine
the appropriate scope of
each court’s jurisdiction
regarding commercial
o r la b o r c o n f l i c t s .
PM: Boosting
Economic
Recovery...
The economy is
projected to contract
by 2 percent in 2020,
T h e S t e u n g Tra n g - “ The bridge will make a b u t i s e x p e c te d to
Krouch Chhmar Bridge significant contribution bounce back and
has reached 95 percent to transportation, travel grow by 4 percent in
c omple tion and will and cargo transport for 2 0 2 1, a c c o r d i n g t o
be finished ahead of the people of Kampong Restrained Recover y,
schedule in March Cham and Tbong Khmum the World Bank’s latest
2021. It was originally provinces,” according to economic update for
due for completion the Ministry. Construction Cambodia, published
in May 2021, said the star ted on Februar y in mid-December 2020.
Ministry of Public Works. 9, 2018 at a total cost
of nearly $57 million. FDI inflows to projects in
non-garment industries
Cambodia to Have Trade, and agriculture have
been rising, likely
Labor Courts by Year End attracted by Free Trade
The Ministry of Justice Th e c o m m i tte e s a re Agreements, according
has formed on January comprised of 20 to the report. It also
21 two committees to members from the notes the opportunities
begin the process of j usti c e m i n istr y, th e to facilitate an expansion
establishing separate Su p re m e C o u n c i l o f of domestic and foreign
courts for commercial and Magistracy, government investment arising
labor disputes. These two delegates, the heads from recent bilateral
committee will prepare o f th e Ph n o m Pe n h and regional free trade
documentation and legal Munic ipal Cour t and agreements, including
briefs to determine each Appeal Court, and some the Cambodia-China
court’s relationship to other relevant officials. Free Trade Agreement
the lower courts and the and Regional
higher courts, including The committees will Comprehensive
the Appeal Court also examine any E c o n o m i c
and Supreme Cour t. necessary changes to Par tnership (RCEP).