KOIMA Interested in Cambodia’s Rubber

AKP Phnom Penh, July 18, 2018 —

Korea Importers Association (KOIMA) has shown its interest on Cambodia’s rubber and will dispatch a working group to the Kingdom to conduct a feasibility study on this potential agricultural product.

While paying a courtesy call on Cambodian Ambassador to the Republic of Korea H.E. Long Dimanche yesterday, Mr. Shin Myoung-Jin, President of KOIMA, was quoted by a local media as saying that he will lead the working group to Cambodia to examine the possibility whether to build a rubber processing plant in Cambodia or import its rubber latex for processing in South Korea.

H.E. Long Dimanche welcomed KOIMA’s interest and encouraged the association to invest in rubber production and processing in Cambodia as the Kingdom has wide land areas for rubber plants, especially incentive policies for investors.

Taking the opportunity, the Cambodian ambassador asked KOIMA to consider importing other Cambodian agricultural products.

The total land area for rubber plantation in Cambodia is more than 430,000 hectares, mainly in Kampong Cham, Rattanakiri, Kratie, and Kampong Thom provinces. Last year, 193,286 tons of rubber were produced, a year-on-year increase of 33 percent, and 188,832 tons of rubber latex were exported to foreign markets, especially to Vietnam, Malaysia, Singapore and China, up 30 percent compared to 2016.

Earlier on July 16, the Cambodian ambassador also held talks with Mr. Lee Gyu-bo, Chairman of Chungbuk Ginseng Cooperative Association, which is part of NongHyup (NH), a leading company in South Korea. On the occasion, H.E. Long Dimanche informed Mr. Lee Gyu-bo about investment potential and opportunities in Cambodia’s agriculture sector and encouraged NongHyup to invest in the Kingdom.

By So Sophavy