The European Unions threat to withdraw its EverythingBut Arms benefit heightened business risk in Cambodia, and worker-relatedissues remained in focus in 2019. Despite this, garment units continued to openin the country.
Heightened trade uncertainty resulting from the EuropeanUnions (EU) threat to withdraw the Everything But Arms (EBA) benefitintensified business risks in Cambodias textiles and garment sector in 2019.Despite this, garment units continued to open, while exports to the US rose.
Cambodias economy, underscored by solid exports andstrong domestic demand, remained strong, the World Bank said in May, butchallenges persisted. Real growth, however, was expected to slightly decelerateto 7 per cent in 2019, down from 7.5 per cent in 2018.
To readcomplete article, subscribe to January 2020 issue of Fibre2Fashion.
Comments