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Cambodian Garment Manufacturers Association To Expand The Chinese And Russian Markets

Jan 16, 2019

In a recent interview with local media, wen shuyang, President of the garment manufacturers association of Cambodia (GMAC), pointed out that for more than 20 years, the garment and footwear industry has been an important part of the country's strong economic growth.

At present, GMAC has about 600 members of garment and shoe enterprises, providing a large number of employment opportunities for 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 "arms free" (EBA) tariff preference.

Clothing and footwear exports in 2018 are expected to edge up from $7.6 billion in 2017.

If the European Union rescinds the EBA preferential tariff on Cambodia, it will affect the development of the garment industry.

Canal emphasizes right now unfavorable and excessive talk, all news has not been confirmed, the worry that may cause order business otherwise, divestment thereby.

Fifteen years ago, Cambodian goods could have been exported to the eu without EBA tariffs, Mr Van scheuw said.

According to qu, 40 percent of GMAC members' clothing and shoe exports go to the European Union, followed by the United States, Canada and Japan.

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

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

In 2017, there were 1,154 garment and shoe factories nationwide, up 4.25% from 2016, providing employment opportunities for 770,000 cambodians, up 4.42%, among which 640,000 were female employees.

Twenty years ago, in 1997, Cambodia had only 64 garment and shoe factories, exporting $200 million and employing 80,000 people.

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