4월 7, 2021
The Ministry of Commerce posted $12.7 million in revenue for 2020, down by 50.83 per cent over $26.60 million in 2019, driven down by reductions in business registration fees and an increasing number of merchants self-certifying their products’ origins.
Business registrations accounted for more than $4.75 million and the issuance of certificates of origin (CO), licences and the provision of related services totalled $5.79, the ministry said in its annual report.
Trademark registration and related services pulled in over $2 million and more than $76,932 came from other services, the ministry said.
Services provided by the ministry’s Consumer Protection, Competition and Fraud Repression Directorate-General brought in $21,807 and revenue from trade fairs, exhibitions and other such events clocked in at $10,492.
It was not the first year that the ministry reported such a decline – 2019 revenue dropped 50.6 per cent from a year earlier.
Ministry spokesman Seang Thay told The Post that the decline was largely due to a number of bureaucratic reforms.
“Since pretty recently, the ministry no longer requires exporters to apply for COs if importing countries do not require them. This follows a global trend to eliminate unnecessary documents,” he said.http://https://www.phnompenhpost.com/business/commerce-ministry-posts-508-dip-revenue