Use e-commerce platform to meet global market, Combodia urges entrepreneurs

Mon, May 27, 2024
By editor
2 MIN READ

Business

CAMBODIA on Monday called on entrepreneurs to use  the  e-commerce platform like China’s Alibaba to sell their products to the international market.

Speaking at a seminar on “Beyond borders: bringing Cambodian products to the global market through Alibaba.com,’’ Cham Nimul said.

Nimul said is a Cambodian Minister of Commerce, saying his ministry and the Alibaba Group inked a Memorandum of Understanding to directly sell Cambodian products on the Alibaba e-commerce platform in October 2023.

“To date, about 10 Cambodian enterprises have put up their products such as peppercorns, mango jam and bird nest for sale on the e-commerce platform.

“I’d like to encourage small and medium-sized enterprises to market their products on the platform in order to help boost the exports of Cambodian products to China and the global market,’’ she told 320 participants.

Nimul said Cambodia will launch a national pavilion on the Alibaba.com in September on the sidelines of the 21st China-ASEAN (Association of Southeast Asian Nations) Expo.

The minister highlighted that under the Regional Comprehensive Economic Partnership (RCEP) Agreement and the Cambodia-China Free Trade Agreement, Cambodia is able to export its products to the fellow RCEP members and China with preferential tariffs.

Cambodia exported products worth 8 billion U.S. dollars in the first four months of 2024, up 15.2 per cent from 6.94 billion dollars over the same period last year.

This is according to the General Department of Customs and Excise’s report. (Xinhua/NAN)

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-May 27, 2024 @ 16:28 GMT|

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