Cambodia’s Labour Minister Sam Heng, who recently had a meeting with the US Ambassador William Heidt regarding trade relations between the two countries, said that US is the key market for Cambodia’s garment and textile industry, reports Khmer Times.
While informing that despite increasing competition in the market, US is still the main buyer of Cambodian garments, Heng said, “The US market is very important for us. Although it is now the second biggest importing market after the European market, it is still big and worth billions of dollars. So we are still trying to work well with buyers from the US and get them to place more orders to us.”
Also Read – Cambodia’s garment export soars
According to Office of the US Trade Representative, Cambodia is US’ 70th largest goods trading partner with US $ 3 billion worth business in total between the two countries in the year 2013. However, total exports to the US plunged 3 per cent in the first quarter of the year to more than US $ 705 million compared with US $ 725 million in the corresponding period last year.
Overall exports of garment and footwear from Cambodia have zoomed 13 per cent year-on-year to US $ 1.55 billion in the first quarter of the current fiscal year, Cambodia’s Ministry of Industry informs.
