Home / Knowledge / News / Apparel/Garments / Garment exports boost foreign exchequer

Garment exports boost foreign exchequer

Sep '06
Garment export has shot up to US $2.1 billion from $653 million in the last seven years. Officials of US Agency for International Development (USAID) praised the factories, workers and the Royal Government of Cambodia.

Commission Director of USAID, Erin Soto said so while hosting a one-day seminar titled 'Growing Productivity and Competitiveness in the Garment Industry of Cambodia'.

Soto added that the combined efforts of factories and workers along with private sector's investment had helped a great deal to develop the Cambodian economy well beyond the expectations of foreign investors.

Signing of US and Cambodia Bilateral Textile Agreement and the kingdom's effort in the area of labour standards and labour rights had also contributed to growth of industry, Soto stated.

He appealed the garment industry to become more competitive and increase their productivity to adapt themselves as per the changing world scenario.

He pointed out the fact that after end of multi fiber agreement in January 2005, Vietnam would join World Trade Organisation (WTO) in late 2006 or 2007, and once the safeguard put on Chinese exports to Europe and US expires in 2008, Cambodian garment industry will have to update itself to face the challenges coming ahead.

Garment industry is the highest foreign exchange earner in country with the export valued at $2.17 billion, a growth of around 10 percent compared to 2004.

Must ReadView All

Pic: Shutterstock

Textiles | On 12th Apr 2021

Singapore becomes first RCEP participating country to ratify agreement

Singapore has ratified the Regional Comprehensive Economic...

Pic: Shutterstock

Textiles | On 12th Apr 2021

World economy stumbling towards two-track recovery: Report

The world economy is facing sharply divergent growth prospects across ...

Pic: Shutterstock

Textiles | On 12th Apr 2021

2021 to be critical for European textiles and clothing sector: Euratex

2021 will be a critical year for the European textile and clothing...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

KK Lalpuria,

KK Lalpuria

Indo Count Industries is an India-based home textile company engaged in...

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

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

Advanced Search