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Cambodia's garment, footwear exports rake in $7 bn
01
Feb '16
Cambodia's garment and footwear products export rose 14.5 per cent in 2015 to $7.1 billion, according to the Industry Ministry's data, Xinhua has reported.

In 2014, garment and footwear exports stood at $6.2 billion, the Ministry said at its annual meeting in Phnom Penh today. Main markets for the products are European countries, the United States, and Canada.

Permanent Deputy Prime Minister Keat Chhon said the growth clearly showed the strength and competitiveness in the country's garment and footwear industry.

"Cambodia's economic growth was estimated at around 7 per cent last year, and the garment industry played an important role to maintain this growth," he said, .

The government would try to seek new foreign markets for the products, he added.

The garment and footwear sector, the country's largest foreign currency earner, has 1,007 factories employing over 7.5 lakh workers. (SH)

Fibre2Fashion News Desk – India

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