Cambodia plans to export 1,000 tonnes of cotton to Vietnam

HCM City (VNA) – Cambodia plans to export 1,000 tonnes of cotton to
Vietnam , the largest order since 1970, by the beginning of next year.

Kong Chan, managing director of Seladamex Co, said the company as well as many
other Vietnamese enterprises specialising in other commodities had recently been
negotiating a number of deals with Cambodian firms.

Seladamex has found new markets and begun buying additional cotton from farmers in
Cambodia ’s Battambang province for 400 USD a tonne. After processing,
they will export the cotton for 1,500 USD a tonne.

Trade between Vietnam and Cambodia is expected to improve next year and surge
past Thailand , which has been a major trading partner of Cambodia for many
years, economists have said.

Despite the global slowdown, trade between the two countries is expected to
reach 2 billion USD next year. Bilateral trade reached 848 million USD for the
first eight months of 2009, a drop of 29.2 percent compared to the same period
last year.-Enditem