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Cambodia Garment Manufacturers Association To Expand The Chinese And Russian Markets

Jan 02, 2019

Wen shuyang, President of the garment manufacturers association of Cambodia (GMAC), pointed out in an interview with local media that the garment and footwear industry has been an important area to promote the strong economic growth of the country for more than 20 years.

At present, GMAC has about 600 members of garment and shoe enterprises, providing a large number of employment opportunities to cambodians.

Mr Wen said the clothing and footwear industries had grown significantly but were also often threatened by external factors, such as the eu's "all but arms tax exemption" (EBA) tariff.

Exports of clothing and shoes in 2018 are expected to increase slightly from $7.6 billion in 2017.

If the eu removes EBA preferential tariffs on Cambodia, it will affect the development of the garment industry.

Canal emphasizes right now unfavorable and excessive talk, all news has not been proved, the worry that may cause ordering business otherwise, pull out thereby.

Fifteen years ago, goods from Cambodia could have been exported to the European Union without preferential EBA tariffs, wen said.

According to qu, 40 per cent of GMAC members' clothing and footwear exports go to the eu, followed by the us, Canada and Japan.

GMAC, meanwhile, is trying to expand into new markets in Russia and mainland China.

According to a report by Cambodia's ministry of labor and vocational training, Cambodia's garment and footwear industry generated us $7.6 billion in revenue in 2017, and Cambodia is now one of the world's largest garment exporters.

In 2017, there were 1,154 garment and shoe factories in Cambodia, an increase of 4.25% over 2016, providing employment opportunities for 770,000 cambodians, an increase of 4.42%, among which 640,000 were female employees.

Twenty years ago, in 1997, Cambodia had only 64 garment and shoe factories, with exports of $200 million and 80,000 jobs.

Since 2000, the Cambodian government has established a three-party (labor, management and labor) mechanism. So far, workers' salaries have been adjusted 13 times, from $30 a month to $175 in 2018, and the base salary of workers will rise to $182 in 2019.