Home / Knowledge / News / Textiles / EACHAM-LOBA MoU to improve logistics between Cambodia, PRC

EACHAM-LOBA MoU to improve logistics between Cambodia, PRC

25
Nov '20
Pic: Shutterstock
Pic: Shutterstock
Cambodia’s Logistics Business Association (LOBA) and the European Chamber of Commerce and Industry (EACHAM) recently signed a memorandum of understanding (MoU) over videoconference to improve trade, investment and logistics between Cambodia and China. Initially headquartered in Belgium, EACHAM is a non-governmental organisation with ten offices around the world.

“Huge potential has been facilitated for both parties with the signing of this MoU. It will foster opportunities for both investors and future business development. The agreement acts to strengthen Cambodia’s relationship with China and I am excited to see what the future holds for all concerned,” LOBA president Chandara Chea was quoted as saying by a Cambodian newspaper.

The MoU will, however, focus primarily on agricultural and construction-based products as well as those from the garment and shoe accessories sectors, he said.

“There are many garment and shoe factories that have been set up in the Kingdom [Cambodia] by China. They are doing very well and play an important part in boosting economic growth in Cambodia. I think that with so many firms doing well already, the signing of this MoU will encourage yet more money to flow into the country, helping the Kingdom to prosper even further,” Chea added.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Jan 2021

US detains cotton products from China's XUAR from Jan 13

US Customs and Border Protection (CBP) recently announced it will...

Pic: Christopher & Banks Corporation

Retail | On 15th Jan 2021

CBKC in US voluntarily files for bankruptcy protection

US specialty women's apparel retailer Christopher & Banks Corporation ...

Pic: Shutterstock

Textiles | On 15th Jan 2021

Hanoi to allocate more than $41 million to support SMEs

Hanoi will allocate VND957 billion (more than $41 million) to assist...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Jos Notermans,

Jos Notermans

SPGPrints is a global provider of integrated solutions for rotary screen...

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


January 2021

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


Advanced Search