SGGP
The Southern Food Company (Vinafood 2) has set up a joint stock company with a Cambodian firm to process and export rice to the European Union to take advantage of the tax exemption the EU has offered to Cambodia from September 1.
The EU has classified Cambodia in a list of the world’s 49 poorest countries and waived tariffs on its exports to block members.
The new joint stock company, Cavifoods, has a capital of US$17 million.
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