PHNOM PENH (The Phnom Penh Post/ANN): Cambodia is collaborating with Japan International Cooperation Agency (JICA) on an ongoing project to improve the logistics system in Cambodia in a bid to boost the efficiency of freight traffic through reduced cost of shipping and internationally competitive logistics.
Entitled Implementation of the project to better the logistics system of Cambodia (Phase 2) , the scheme was launched during a video conference meeting attended by JICA representative to Cambodia Kamei Haruko, government officials and other stakeholders on Monday (April 12).
Koy Sodany, secretary of state at the Ministry of Public Works and Transport, said the meeting was aimed at gathering input and feedback from all stakeholders, with the goal of creating a database and information system to implement this project smoothly and efficiently.
Cambodia, JICA join hands to improve logistics system
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Brokers urge amendments to proposed Customs Act
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Brokers urge amendments to proposed Customs Act
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Freight rates jump up to 700%
The transportation cost of containerised cargo across the world, including Pakistan, has increased by up to 700% due to an abnormal growth in imports following the reopening of global economies from partial lockdown amid the Covid-19 pandemic.
The surge in international freight charges for sea, rail and air routes has offset the positive impact of incentives provided by the government for some imports during the pandemic and may lead to imported inflation in the country.
To control the situation, the government may ask international shipping companies to rationalise freight charges during these testing times. Some experts believe freight charges may go back to pre-Covid levels in four to six months. “International freight charges have surged by up to 500-700% over the past couple of months,” said Pakistan International Freight Forwarders Association former chairman Malik Moin while talking to The Express Tribune.