Cambodia and Kyrgyzstan are exploring the possibility of launching formal negotiations for a bilateral free trade agreement (FTA), within the framework of the Eurasian Economic Union (EAEU), among other bilateral arrangements, according to the Kyrgyz embassy in Ankara.
With economic uncertainty brought about by the spread of Covid-19 pandemic, the Kingdom’s 2021 business confidence index fell to 46.1 per cent from 52.9 per cent in 2019, according to the European Chamber of Commerce in Cambodia (EuroCham).
On the other hand, businesses are optimistic about future economic recovery as 56 per cent plan to invest further in the Kingdom over the next 12 months, the trade body said in its Business Confidence Survey 2021: In the Time of Covid-19.
Conducted from November 26 to January 11 with responses from over 350 businesses in EuroCham’s ranks, the survey said the Kingdom’s economy has proven resilient, outperforming predicted contractions, and is expected to make a sharp recovery this year.
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A bicycle parking lot near the Delft railway station in the city of Delft, South Holland, the Netherlands. The Covid-19 pandemic has accelerated the shift to pedal power in Europe and the US, driving up demand for imports from countries such as Cambodia. GETTY IMAGES/AFP
Covid-19 no speed bump for January-April bicycle exports
Fri, 21 May 2021
Cambodia exported $199,041,709 worth of bicycles and parts in the first four months of this year, representing an increase of 32.38 per cent year-on-year, according to Ministry of Commerce statistics.
Of that, bicycle sales clocked in at $198,668,163, up by 32.28 per cent year-on-year, and shipments of bicycle parts were to the tune of $373,545.98, up by 113.44 per cent.
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