First-half (H1) bicycle exports surged by 55.48 per cent year-on-year, the finance ministry confirmed, extending a multi-year uptrend driven by growing eco-consciousness, health concerns and fitness culture, and more recently, Covid-linked lifestyle shifts and elevated fuel prices.
The US’ tariff exemptions on solar cell and module imports from Cambodia have led to a series of proposals for solar panel factories in the Kingdom in recent months, which prominent business players have lauded as a springboard to diversify renewable energy exports.
Cambodia and Belarus are keen to boost trade and economic cooperation, as a new report revealed that the Eastern European country did not import any Cambodian goods in the first half of this year.
A business delegation of about 70 Thai companies is due to visit Cambodia on August 5 in a bid to further strengthen business, trade and investment cooperation between the two countries as well as their primary trade bodies, the Ministry of Commerce announced on July 22.
The government has approved L-Q New Energy Co Ltd’s application to build a solar panel factory with a capital investment of $84 million for export to international markets, namely the US.