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Cambodia makes progress on FTAs with China, S Korea

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 approves PPE production by garment factories

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.

Cambodian garment workers face layoffs due to COVID-19

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.

3 textile-garment projects to create 2000 jobs in Cambodia

The Council for the Development of Cambodia (CDC) recently approved three textile and garment projects with a total capital of $7 million.

Hun Sen asks PRC garment investors not to leave Cambodia

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their businesses from Cambodia even after the Everything but Arms (EBA) deal with the European Union is partially withdrawn.

GMAC urges EU to restore full EBA rights for Cambodia

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 foresees boost in trade with UK post Brexit

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.

Cambodia approves 4 garment, 3 travel goods projects

The Council for the Development of Cambodia (CDC) approved four garment and three travel goods projects in January, with investments totalling $33.4 million.

Positive results after 1st round of Cambodia-PRC FTA talks

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.

Zilingo helps Cambodian textile units raise efficiency

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.

Cambodia’s CDC clears 4 investment projects worth $17.2 mn

The Council for the Development of Cambodia (CDC) recently announced approving four investment projects worth around $17.2 million.

Cambodia offered export rights to 78 factories last year

Cambodia’s ministry of commerce recently granted export rights under the preferential trading system to 78 garment, footwear and bag factories in the first 11 months of last year, according to its annual report.

Cambodia’s exports continue strong growth: ministry

Cambodia’s exports have been valued at $10.81 billion during the first 10 months of the year, an increase of 6.45 per cent, according to the ministry of commerce.

Cambodia approves 3 garments-bags projects worth $8.8 mn

The Council for the Development of Cambodia (CDC) recently approved three investment projects in the bags and garments sector with a total capital investment of $8.8 million.

RMG units open in Cambodia despite risk of EBA deal loss

Garment units continue to open in Cambodia despite the looming threat the country faces of losing its Everything-but-arms (EBA) status from the European Union (EU), according to a recent report by the United Nations Conference on Trade and Development (UNCTAD).

Maintaining Cambodia’s sovereignty more important: PM

It is more important for Cambodia to maintain its independence and sovereignty than to retain special trading privileges that the European Union (EU) has threatened to withdraw, Prime Minister Hun Sen said last week.

GMAC meets EU INTA members to retain Cambodia’s EBA status

Garment Manufacturers Association of Cambodia (GMAC) president Van Sou Ieng and secretary general Ken Loo met members of the European Parliament’s Committee of International Trade (INTA) in Brussels last week to discuss and lobby for retaining Cambodia’s ‘Everything But Arms’ (EBA) benefit. Sou Ieng said he met 27 INTA members, including its chairman.

Condition of Cambodian garment workers improves: ILO

Cambodia has seen remarkable improvements in labour standards in the garment and footwear industry, according to a recent International Labour Organisation (ILO) report.

Moody’s warns of ‘credit negative’ if Cambodia loses EBA

Cambodia’s potential loss of its Everything But Arms (EBA) preferential trade access to the European Union (EU) would weaken its economic growth and lead to a credit negative, Moody's Investors Services has cautioned. With a B2/stable sovereign rating, it would undermine the price competitiveness of its garment exports unless they are offset by productivity gains.