Home / Knowledge / News / Apparel/Garments / Cambodian garment sector may be at risk: Commerce Minister
Cambodian garment sector may be at risk: Commerce Minister
06
Jun '13
Cambodian garment industry may be threatened by the duty-free agreements that are likely to be signed between its neighboring countries and foreign buyers, the Commerce Minister of Cambodia, Cham Prasidh has said.

Cambodia’s competitor nations including Vietnam and Myanmar have recently proposed free-trade agreements with the US and EU, which may reduce the number of orders for the garment sector in Cambodia, Mr. Prasidh said at a press conference.

The Commerce Minister pointed out that the country’s garment sector will be at risk if Vietnam begins to export its garments to the US without paying any taxes, while the Cambodian garments are continued to be taxed.

Hence, the trade partners from the US, EU and other regions will shift their orders from Cambodia to other countries who have signed the duty-free agreements, Mr. Prasidh added.

According to the Minister, Myanmar has began negotiations with the US and EU, and is likely to enter a trade agreement with them soon. The competing nation’s garment industry benefits from the low electricity tariff and has lesser number of strikes and protests as compared to Cambodia, which will be an advantage for the importers as well.

The exports of Cambodian garments have recently shown tremendous growth with an increase of 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year.

The garment sector of Cambodia accounts for about 80 percent of the country’s overall exports.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search