New strategy may lift Cambodia garment sector ‘to next level’

Exports of garments, footwear, travel goods and other textile-related products were on a substantial growth path, surging by US$627.8 million or 24.8 per cent year-on-year to reach $3.155 billion in January-March. - PPP

PHNOM PENH (The Phnom Penh Post/Asia News Network): A recently-launched development strategy could take the garment and related sectors “to the next level” and enhance competitiveness on the global stage if all stakeholders fully commit to its implementation, according to Garment Manufacturers Association in Cambodia (GMAC) secretary-general Ken Loo on June 14.

The Ministry of Economy and Finance on March 21 launched the “Cambodia Garment, Footwear and Travel Goods [GTF] Sector Development Strategy 2022-2027” in hopes of setting common development goals towards gaining independence in the industry while ensuring sustainability and inclusivity.