Commercial and Economic

Commercial and Economic

Trade figures (from DGCIS, India) for the last six years are as follows :-

Trade with India

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

(till Nov.)

Total trade

(In USD)

50.6

74.95

106.73

124.18

154.03

160.49

Growth

 

48.12%

42.40%

16.35%

24%

4.19%

India’s main exports are drugs, pharmaceuticals and fine chemicals, cotton, staple fibres, rubber articles, precious stones, transport equipment and machinery, and instruments etc.

India mainly imports non-ferrous metals from Cambodia.  In the last few years, Cambodia’s exports to India have risen at a faster pace.  This is likely due to Government of India’s schemes to encourage exports from LDCs through schemes such as Duty Free Tariff Preference (DFTP).

The total bilateral trade for 2013-2014 was US$ 153.98 million (Indian export of US$ 141.26 million and import of US$ 12.72 million), while actual figures might be higher when indirect trade between the two sides through other ASEAN countries is considered.  However, the bilateral trade is modest and there exists much room for expansion and increase.  Although some Indian companies have set up base in Cambodia and others are exploring opportunities, Cambodia offers one of the most relaxed regime for bilateral trade and there exists enormous potential for enhanced economic engagement between the two countries.

 
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