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Garment likely to be crumpled after Vietnam's WTO accession

16
Nov '06
It's Cambodia's envy and Vietnam's pride as the latter is going to become WTO member in near future.

The WTO has formally invited Vietnam to join the body within one month after its National Assembly gives green signal.

But Cambodia sees Vietnam's WTO accession as a major challenge for its garment industry since both countries are geographically posed side-by-side.

The competition between the two is likely to be severe as they have same cost structure and cheap labour force.

However, industry experts opined that if US continues its anti-dumping measures on China after 2008, Cambodia would have some relief in garment exports.

At the same time, Cambodia needs to take care of its internal disputes to face external (Vietnam) challenges.


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