Revenues from trade inspection climbing

[PHNOM PENH POST]

Camcontrol Directorate General revenue from goods inspections during the first half of the year increased by more than 32 percent compared to the same period last year, according to Ministry of Commerce data.

Camcontrol, or the Cambodia Import-Export Inspection and Fraud Repression Directorate General, which regulates imports and exports in the Kingdom and operates under the Ministry of Commerce, collected US$4.95 million between January and June, up from $3.73 million during the first half of 2010, according to the data.

Kong Putheara, director of the Department of Statistics and Information at the Ministry of Commerce, said that increases in Camcontrol revenue are due to restrictions on the number of gates that can be used for exporting and importing goods.

Growth in Cambodia’s business chain also ushered in increases in the regulatory body’s revenue, he said. Camcontrol plays a special role in the Cambodian economy, he added, as it protects consumers via the regulation of incoming or outgoing goods while also generating revenue.

Kang Chandararath, president of Cambodian Institute for Study and Development, said that the institution’s revenue growth showed a blooming Cambodian economy.

“[The data] highlights the increase in Cambodian business and its economy because the institution plays a role in checking goods, making business fair and attracting investors,” he said.