CAMBODIA: Cambodian Garment Exports to U.S. Decline Seriously
Apparel exports to the United States, Cambodia's largest market; have been on serious decline since last October, national media quoted the Cambodian Ministry of Commerce as saying. Officials attribute the decline to increasing competition from Vietnam, which joined the World Trade Organization in January 2007, and…
Egytex News Desk
Egytex
Exports to EU have been on the rise since 2003, a trend that has been bolstered by the falling dollar, said Kaing Monika, external affairs manager for the Garment Manufacturers Association of Cambodia. Rising production costs in China have worked in Cambodia's favor, as buyers search for alternative sources of clothing, he added.
In the past decade, garment has been the kingdom's foremost pillar industry and largest foreign currency generator, whose export volumes used to account for some 75 percent of the country's total during its peak years.
Source: Xinhua
From the Egytex news archive, first published on 9 June 2008. Figures and names are as reported at the time.
