PHNOM PENH, Nov 30 Asia Pulse - Cambodia is emerging as one of the worlds largest garment and textile exporters after China, Bangladesh, Indonesia and Viet Nam, according to the Economic Institute of Cambodia.
The institute said Cambodias export earnings in garments and textiles are estimated to increase by 12 per cent in 2007 and 2008, compared with the figure in 2006.
The sector is also expected to inject more than US$3 billion to Cambodias annual national budget, against its US$2.6 billion contribution two years ago.
One of many reasons attributed to a success of Cambodia's garment and textile sector is that the country has a large workforce with reasonable costs, Cambodian Trade Minister Cham Prasith said.
The sector has created over 337,000 jobs for locals.
The institute said Cambodias export earnings in garments and textiles are estimated to increase by 12 per cent in 2007 and 2008, compared with the figure in 2006.
The sector is also expected to inject more than US$3 billion to Cambodias annual national budget, against its US$2.6 billion contribution two years ago.
One of many reasons attributed to a success of Cambodia's garment and textile sector is that the country has a large workforce with reasonable costs, Cambodian Trade Minister Cham Prasith said.
The sector has created over 337,000 jobs for locals.
