Tuesday, October 6, 2009

Cambodia's trade with Hong Kong down 24 pct to end July

PHNOM PENH, Oct. 7 (Xinhua) -- Bilateral trade between Cambodia and China's Hong Kong dropped 24.39 percent in the first seven months year-on-year, local media reported Wednesday.

Citing the data released by... the Hong Kong Trade Development Council, the reports said trade between the two sides fell to 288 million U.S. dollars from 380.94 million dollars last year.

Hong Kong's total exports to Cambodia fell to 279 million dollars from 375.5 million dollars, while Cambodia's shipments in return increased to 9 million dollars from 5.44 million dollars during the year up to the end of July.

The figures were released Tuesday at a press conference to attract Cambodian companies to hold trade exhibitions in Hong Kong.

"The drop was because of the global financial crisis. However, now trade between Cambodia and Hong Kong is becoming stable because the economy is not so bad; it may not drop further," Johnny Wan, senior exhibitions manager at the Hong Kong Trade Development Council, was quoted by the Phnom Penh Post as saying.

Cambodia's main exports to Hong Kong were food items, garments and footwear, and gemstones, he said. "Cambodia has so many good products, but foreigners may not know much about them, so Cambodia should promote more ... through trade shows and marketing," Wan said.

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