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Dith Tina, Minister of Agriculture, Forestry and Fisheries, mentioned that presently Cambodia has 17 firms with good outcomes to put money into the rubber sector. Whereas optimistic, he mentioned that firms should take note of the event of rubber expertise and rubber processing to get extra worth with higher effectivity and financial sustainability.
He mentioned this in a gathering with the Director Basic of the Vietnam Rubber Trade Coalition on July 26, 2023.
As well as, Tina acknowledged that “the corporate wants to look at the feasibility and take into account the strategic setting, particularly the upcoming assembly with the Minister of Agriculture of Vietnam to look at the opportunity of cooperation targeted on producing items to produce the market and profit collectively between the 2 nations.”
In accordance with the report of the Basic Division of Customs and Excise of Cambodia, the export of rubber and rubber merchandise within the first six months of 2023 reached greater than $320 million, a rise of greater than 42. 1 p.c in comparison with the identical interval in 2022.
In 2022, Cambodia earned about $541.66 million from the export of pure rubber and rubber merchandise, a rise of 28.3 p.c in comparison with 2021.
The principle markets for Cambodia’s rubber exports are Vietnam, Malaysia, China, Singapore, Japan, Korea and the European Union. Kampuchea Thmey
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