Cambodia-thailand Eye Trade Expansion on Air Conditioners

• Proeksa Meas
• 16 January 2019
• Uncategorized
• 3379 Views

Sample photo by thenational.ae

With two-way trade continuing to increase every year, Cambodia and Thailand businesses are looking to expand the air conditioner market as a result of a business matching platform held on 16 January, 2019.

Aimed at boosting trade in air conditioners, as well as electrical and auto parts, the Thai Department of International Trade Promotion at the Ministry of Commerce (DITP) organised a one-day business matching platform at the Hotel Cambodiana.

Speaking on the sidelines of the event with Construction&Property Magazine, Mr Surachet Maneepong, Business Support Specialist for AEC Business Support Center in Phnom Penh, said that the growth of Cambodia’s economy had created more demand for everything, especially housing fixtures like air conditioners.

“This event is focused on air conditioners, on electrical and some auto parts and spare parts. As Cambodia’s economy is growing, there is more demand for everything,” he said while adding that two-way trade on air conditioners between the two countries reached around US$16 million in 2018.

“Not only Thailand exports [air conditioner] to Cambodia but there will be some Thai investors looking for other types of production like setting up some production lines [in Cambodia] because Cambodia has some incentives for investors,” said Mr Surachet.

According to Mr Surachet Maneepong, total trade between Cambodia and Thailand grows more than 20% each year, increasing last year from US$6 billion to US$8,billion.

“This year, we expect to grow at least 10-15% in total trade,” he said.

• Business and Market