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The Council for the Development of Cambodia (CDC) recently approved a $2.4-million project for a factory in the Samaky Meanchey district of Kampong Chhnang province to produce handbags. The project, to be undertaken by the Changhui (Cambodia) Handbag MFR Co Ltd, is expected to create 718 jobs. CDC has approved 12 investment projects over the last few months.
Two hundred and twenty one new factories opened in Cambodia in 2020, according to the ministry of industry, science, technology and innovation, which said 100 factories closed down due to the impact of the pandemic.
Transparency International Cambodia (TI Cambodia) recently signed partnership agreements to continue its support for the Coalition of Cambodian Apparel Workers Democratic Union (CCAWDU) and the Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC).
Despite extensive lobbying and appeals by various Cambodian trade bodies, including the Cambodian Footwear Association (CFA) and the Garment Manufacturers Association of Cambodia (GMAC), the EU did not change its decision announced in February after a year-long review.
Some of Cambodia's export items like garments, footwear and travel goods are now subject to the European Union's (EU) customs duties. The...
The Council for the Development of Cambodia (CDC) has given permission to IGTM (Cambodia) Co Ltd to set up a new garment factory, a CDC release said. The new factory will be set up in Sambo village of Dangkor district in the western part of the Phnom Penh municipality at a cost of $2.1 million.
The Cambodia-China free trade agreement (FTA) will provide greater market access to Cambodian products and bring more benefits to the two sides, the Cambodian commerce ministry recently said.
With the deadline of the European Union’s (EU) Everything But Arms (EBA) preferential trade scheme withdrawal approaching in August, the EU recently pledged to support Cambodia’s economic recovery and job creation hit by the COVID-19 pandemic.
Cambodia’s labour ministry recently announced deliberations for next year’s minimum wage for workers in the textile, garment and footwear sector will start in August.
South Korea’s ministry of trade, industry and energy recently said it has made further progress on the planned free trade agreement (FTA) with Cambodia.
Cambodia recently approved a request by the Garment Manufacturers Association in Cambodia (GMAC) for garment units to produce all kinds of face masks, medical equipment and protective clothing for domestic consumption and export. Over 180 apparel units have now suspended operation, and another 60 are thought to be close to suspension, affecting 200,000 workers.
Thousands of Cambodian garment workers have lost their jobs as global markets contract and governments enact drastic measures to stop the spread of the novel coronavirus.
The Council for the Development of Cambodia (CDC) recently approved three textile and garment projects with a total capital of $7 million.
Prime Minister Hun Sen recently again told Chinese garment sector investors not to relocate their businesses from Cambodia even after the Everything but Arms (EBA) deal with the European Union is partially withdrawn.
Expressing disappointment over the recent European Union (EU) decision to partially suspend the ‘Everything But Arms’ (EBA) trade programme for Cambodia, the Garment Manufacturers Association of Cambodia (GMAC) recently urged the European Commission (EC) to reinstate the country’s full EBA rights.
Cambodia expects bilateral trade relations with the United Kingdom (UK) to improve and exports to the UK to increase following its departure from the European Union (EU), according to trade officials from the country, whose commerce ministry recently said the UK’s market share of Cambodia’s exports was worth more than $1 billion last year.
The Council for the Development of Cambodia (CDC) approved four garment and three travel goods projects in January, with investments totalling $33.4 million.
The first round of negotiations for a Cambodia-China free trade agreement (FTA) highlighted the potential for creating strong economic and investment partnerships between the countries in the upcoming years, according to Cambodia’s commerce ministry, which recently said ‘positive results’ were achieved during the exchange of ideas during the meeting.
Singapore-headquartered global fashion-technology platform Zilingo recently collaborated with the Garment Manufacturers Association in Cambodia (GMAC) and the Cambodia Garment Training Institute (CGTI) to bring a new form of digitisation to the country’s garment factories by increasing efficiency and reducing defects through its proprietary production software.
The Council for the Development of Cambodia (CDC) recently announced approving four investment projects worth around $17.2 million.
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