Home / Knowledge / News / Textiles / Bangladesh & Cambodia to form joint trade commission
Bangladesh & Cambodia to form joint trade commission
14
Feb '17
Bangladesh and Cambodia are working towards forming a trade commission, which will most probably be signed this year, said an official from Cambodia’s commerce ministry. Bangladesh is very close to finalising terms for the commission that will result in a bilateral trade agreement between the two countries. The agreement will lower tariffs on imports.

The commerce ministry of Cambodia has already agreed to form the commission and is currently waiting for an approval from Bangladesh, a Cambodian daily said quoting Soeng Sophary, spokesperson for the ministry of commerce of Cambodia.

Sophary added that both countries have formulated a list of products and items that will be imported and exported between the two countries. It will be revealed after they sign the agreement. She also said that the apparel industry drives the growth in both countries and the trade will be carried out to complement both the countries’ growth.

The trade between Bangladesh and Cambodia amounts to $6.7 million per year. The main exports from Cambodia to Bangladesh include cotton, cooking oil and fertilisers, while the former imports garments, footwear and leather goods from the latter.

A trade deal between the two countries is likely to boost garment production in both nations and tariff-free leather will help increase Cambodia’s travel goods sector, said president of the Garment Manufacturers Association of Cambodia Van Sou leng.

Sou leng also spoke about a labour-sharing agreement to allow workers from Bangladesh to migrate to Cambodia. This is likely to help with the growth of Cambodia’s manufacturing capabilities. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search