Researchers from the Cambodian Economic Institute have called on the government to enrich and expand the kingdom's exports, which has enjoyed a rapid growth but with limited types of products.
Cambodia's volume of exports rose to 3 billion U.S. dollars in 2005 from 1.4 billion U.S. dollars in 2001, while its dominating portion went to textiles and other products only shared a little contribution, according to a seminar held by the institute here on Thursday.
For example, in 2005 as the exports amounted to 2.9 billion U.S. dollars, textiles accounted for 2.29 billion U.S. dollars or 79 percent, while formal agricultural products 3 percent, informal agricultural products 13 percent and transit trade products 5 percent, the seminar quoted the statistics from the country's central bank as saying.
Therefore, Cambodia has to enrich and expand the variety of its export products in order to tap the overall potential of its producing capability and balance any risk arising from the current monotony, analysts said at the seminar.
Tourism and textiles or garment have been Cambodia's major pillars of foreign currency attractions since it embarked on the road of market economy some 10 years ago.
Source: Xinhua
Cambodia's volume of exports rose to 3 billion U.S. dollars in 2005 from 1.4 billion U.S. dollars in 2001, while its dominating portion went to textiles and other products only shared a little contribution, according to a seminar held by the institute here on Thursday.
For example, in 2005 as the exports amounted to 2.9 billion U.S. dollars, textiles accounted for 2.29 billion U.S. dollars or 79 percent, while formal agricultural products 3 percent, informal agricultural products 13 percent and transit trade products 5 percent, the seminar quoted the statistics from the country's central bank as saying.
Therefore, Cambodia has to enrich and expand the variety of its export products in order to tap the overall potential of its producing capability and balance any risk arising from the current monotony, analysts said at the seminar.
Tourism and textiles or garment have been Cambodia's major pillars of foreign currency attractions since it embarked on the road of market economy some 10 years ago.
Source: Xinhua
12 comments:
It is very simple to do the math; the more you export the more money you get from other countries(hard currencies) to Cambodia. Currently Cambodia has been importing (buying) more from other countries rather than exporting more. Therefore other countries are taking away more of our money. As result it makes Cambodia poorer(Trade deficit).
It's been more than ten years since the 1993 election. What has the government do to facilitating trades for the Cambodia people? The numbers tell the truth of their efforts. The Garment businesses mostly own and export by foreigners without government's help.
I don't care who own what. I am
very please to see more and more
bussinesses coming in to cambodia
year after year to put more and
more people to work. Moreover,
I am very happy to see the income
per capita have increase greatly
for the last serverals years, not
to mention HIV infection is down,
....
Chey Yoh, Somdach Hun Sen!!!
Cheyo chumteav BUN RANY HUN SEN.
CHEYO SAMDECH HENG SAMRIN.
---------------CHEA SIM.
---------------KP RANARITH.
---------------SAM RAINSY.
---------------NHEK BUN CHHAY.
---------------THORMICO.
---------------KHMERS PEOPLE.
Wow, Mrs DO MOI (Bun Sam Heang) gets her head up.
Let me add.
DOWN to YUAN Hanoi. Let the SEA swallows Yuan Hanoi. Let Hun Sen, Nguyen Van Son (Hok Langdy) and all their family members burn in hell soon.
It is so fucken ironic that when Cambodia have more business and the more Cambodian people are getting poorer and poorer!!!!
It just doesn't make any sense!!!It is like all these business come to Cambodia and give AH HUN SEN Vietcong slave one dollar and these same business make $100.00 and go back to their coutry!!!!
aahahahhahah.
This is fucken economic 101 and never fool can understand that!!!
How the fuck does one getting
poorer when one got nothing to
begin with, Psycho?
Stop spraying shits all over our
holly soil, will ya?
5:59 AM. You are very low very uncivilized, you must one of the racketeers.
Well then get the fuck out of
Cambodia because we don't need
any of your space-aged people
here, got it?
Miss Yiek Cong 7:44 AM.
The true hurts. You display too much violent and anger. It must be so painful experiences you have been through. I hope you feel better.
Yeah, and enjoy your fantasy, fool.
To 5:59 AM!
Fuck you motherfucker! Cambodia has nothing you said??? Cambodia has abundant of natural resource!!
You fucken stupid punkbicth and you don't even know what the hell you are talking about!!! The Vietcong is playing a middleman and it is no wonder that these Cambodian people is getting poorer and poorer!!!
It is not much of the business that make Cambodian people poor! It is AH HUN SEN former Khmer Rouge Vietcong slave corrupted government that make Cambodian people poorer and poorer!!!
Show me some more of your stupidity and I will kick your fucken ass again!!!ahahahah.
Cambodian are getting poorer
and poorer? Just how much money
did they have and how much did
they lost?
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