While the constitution calls for Cambodia to remain neutral in foreign affairs, Cambodia has stronger ties with China than it does with the US, due in part to China’s no-strings aid and investment in recent years.
While Cambodia is again expected to post a high annual growth rate of around 7 percent this year, it is starting to feel the pinch of a slowing global economy.
Of Cambodia’s 15 million people, 3 million are poor and 8.1 million are near-poor.
Cambodia must tackle the skills gap to boost the productivity of its labor force in order to grow its economy, according to the latest report.
The number of ships coming through the port rose 17 percent year to year, and cruise ships rose from 25 to 36.
Cambodia earns nearly $60 million in ticket sales from Angkor Wat each year, from nearly 2 million visitors.
The Assembly approved the initiative to join the Chinese-run development bank, which will provide loans to Asian-Pacific countries, much like the Asian Development Bank.
The illicit economy grew from $650 billion in 2011 to $1.77 trillion in 2015, according to the World Economic Forum.
Cambodia has around 1,000 active unions, most representing some 700,000 workers in the garment and textile manufacturing sector.
Cambodian farmers are increasingly growing organic rice and vegetables in some places, but there is no official certification available.
Salt farmers in Kampot and Kep provinces say that production almost doubled this year as the annual rains arrived late, causing droughts in parts of Cambodia.
According to CEDAC, about 250 farmers have begun growing organic vegetables in four provinces—Takeo, Kompong Speu, Kompong Chhnang and Siem Reap.