PhnomPenhPost-Oct 19, 2021

Cambodia shipped $8.2417 billion worth of garments abroad in January-September, surging by $843.4 million or 11.40 per cent over the same period last year, according to the General Department of Customs and Excise. Garment Manufacturers Association in Cambodia secretary-general Ken Loo recently told The Post that orders for garments have managed to avoid sliding into negative territory despite Covid. Cambodia has remained an alluring regional investment destination, largely buoyed by a slew of economic reforms drawn up to facilitate trade and attract investment, he said. Chief among these were bilateral and multilateral free trade agreements (FTA) which improve access to more markets, investment laws and e-commerce registration systems, he noted. The FTAs with China, South Korea and other markets, in particular, will make Cambodia a better investment destination, he underlined. Read more at: https://www.phnompenhpost.com/business/sunny-skies-ahead-garment-exports-114