As­sem­bly gives thumbs up to anti-dump­ing mea­sures

The Phnom Penh Post - - BUSINESS - Cheng Sokhorng

THE Na­tional As­sem­bly yes­ter­day passed a trade rem­edy law that aims to pro­tect and help lo­cal and for­eign busi­nesses by in­tro­duc­ing anti-dump­ing mea­sures that pre­vent the “dis­hon­est” im­port of goods and pro­duce from neighbouring coun­tries, ac­cord­ing to a press re­lease.

Law­mak­ers said they ap­proved the trade rem­edy law in or­der to pro­tect lo­cal pro­duc­tion by re­strict­ing the flow of for­eign goods that en­ter the mar­ket and are sold at be­low mar­ket value, un­der­cut­ting the growth of do­mes­tic pro­duc­tion. The leg­is­la­tion is in­tended to boost con­fi­dence for both do­mes­tic and in­ter­na­tional in­vestors through mech­a­nisms and pro­ce­dures that en­sure fair mar­ket com­pe­ti­tion.

The law al­lows the gov­ern- ment to in­crease taxes on goods that are “dumped” into the mar­ket up to lev­els set by the World Trade Or­gan­i­sa­tion, the Na­tional As­sem­bly added in a press re­lease.

Ngoun Meng Tech, di­rec­tor­gen­eral of the Cam­bo­dia Cham­ber of Com­merce, said the pas­sage of the law was a good sign that the govern­ment wanted to pro­mote the growth of Cam­bo­dian com­pa­nies. How­ever, he said the ef­fec­tive­ness of the law still hinged on the govern­ment’s abil­ity to im­ple­ment it.

“Ap­prov­ing the law is good and will pro­vide for fair com­pe­ti­tion in the mar­ket,” he said. “How­ever, we need to see ac­tion to­wards en­force­ment.”

Tech noted that Cam­bo­dian busi­nesses across nu­mer­ous sec­tors con­tinue to suf­fer from in­for­mal im­port chan­nels of cheap prod­ucts that are not sub­ject to the proper tax­a­tion

“If en­force­ment works based on the law, I be­lieve it could at­tract a lot of in­vestors to Cam­bo­dia,” he added.

Te Taing Por, pres­i­dent of the Fed­er­a­tion of As­so­ci­a­tion for Small- and Medium-Sized En­ter­prises of Cam­bo­dia, said the law should help al­le­vi­ate the strug­gles that small busi­nesses face as they are the ones most af­fected by un­fair com­pe­ti­tion. He added that im­ports, es­pe­cially for rice, pork and veg­eta­bles, are rou­tinely be­low stan­dards or passed ex­pi­ra­tion dates.

“Our small firms strug­gle and suf­fer from a flood of im­ported prod­ucts,” he said. “Now should be the time we have fair com­pe­ti­tion and the rel­e­vant min­istries and CamCon­trol should work on do­ing their jobs.”

KIM­BER­LEY MCCOSKER

A mo­torist trav­els past a bike shop last year near Ph­nom Penh’s O’Russey Mar­ket.

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