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). Seventeen readymade garment (RMG) factories were set up in the last two years, generating 11,502 jobs in the sector.
The investors are from Hong Kong, Japan, Singapore, China and Australia, and the factories produce handbags, wallets, sportswear, T-shirts, jackets and other products, the report, titled ‘ASEAN Investment 2019’, says.
In the 2018-2019 period, Australian-based QLM opened a $1.5 million facility in the country as a base to expand into other emerging markets, says the study.
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