Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News The growth value of Cambodia’s garment exports to the EU is as high as %

The growth value of Cambodia’s garment exports to the EU is as high as %



Cambodia’s garment exports to the EU grew the most in the first half of the year, while the United States fell sharply. The country has negotiated with the United States and hopes that export tariffs to the Uni…

Cambodia’s garment exports to the EU grew the most in the first half of the year, while the United States fell sharply. The country has negotiated with the United States and hopes that export tariffs to the United States can be reduced to 0% like the EU.
According to recent reports, according to information released by the Cambodian Ministry of Commerce, Cambodia’s exports grew by nearly 20% in the first half of this year (2015). Among them, garment exports to the EU grew the most, while exports to the United States fell. Data show that the total export value in the first half of this year reached 3.9 billion U.S. dollars, an increase of nearly 20% compared with the same period last year (2014), and the growth of garments exported to the EU was as high as 32%, excluding textiles and shoes. Class (footwear).
Ho Sivyong, leader of the Export-Import Department of the Ministry of Commerce of Cambodia, said that Cambodia’s exports to the EU are tariff-free, so the growth rate of garment exports has ranked first in the past few years.
He said that political stability and fewer strikes by garment workers in the past two years are the two main factors for growth. Garment exports to the United States fell by 7% to US$856 million in the first half of this year, while textile exports fell by 40%. .
He said that the country has negotiated with the United States and hopes that the tariff on exports to the United States can be reduced to 0% like the European Union, so as to be tariff-free. However, the United States has not yet agreed, mainly because the Cambodian market is too small.
Qu also said that Cambodia’s other major export product, rice exports to the EU, also grew rapidly in the first half of this year, reaching 22%, while exports to the United States fell by as much as 60%.

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