CBRE Cambodia logo

Garment sector nearly recovered

Commerce Minister Cham Prasidh said that export of garments and textiles would reach $2.8 billion this year, down just slightly from the $2.9 billion figure reached in 2008. While the US still places tariffs on many goods coming from Cambodia, the governments of Japan, Canada and the European Union have granted Cambodia almost completely duty-free access. China and India also provide duty-free access on most items from Cambodia. According to the latest data from the Ministry of commerce, garment exports increased 19.2 percent to $1.59 billion between January and July, with garment exports rising 17,02 percent and 11.64 percent to the US and EU, respectively.

Posted in Blog | Leave a comment