CambodiaTrade E-Marketplace, an online market, was officially launched on Thursday offering Cambodia-made products to go online as the e-commerce transactions are on the rise.

The launching ceremony took place here in the presence of H.E. Pan Sorasak, Minister of Commerce, senior officials from relevant ministries and institutions, development partners, as well as private sector.

With the online marketplace, Cambodian consumers and small and medium enterprises will have more options for buying and selling Cambodia’s products.

H.E. Pan Sorasak said in the launching ceremony that the launch of the online marketplace is to help local SMEs to have market, to boost e-commerce transactions, especially to reply to the 4.0 Industrial Revolution trend.

“The presence of the CambodiaTrade E-Marketplace will contribute to developing the e-commerce transactions for local products, particularly to promoting the export of Cambodia’s products to foreign markets via the online marketplace,” H.E Minister stressed.

Up to 107 registered companies and enterprises are allowed to display their Made-in-Cambodia products of about 1,036 items on the CambodiaTrade.

The ministry said the CambodiaTrade targets 500 companies and enterprises to sell their products in the online market.

Most of the applicants are in the agro-industry, handicraft, food and beverage processing and textile industries.

With the official operation, the CambodiaTrade has four commercial banks for providing payment services to shoppers. Three other commercial banks are in talks to join the online marketplace’s payment transactions.

The ministry is also partnering with two delivery service firms for the transport of goods from the online marketplace to shoppers.

Source: Agency Kampuchea Press

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