Fourth quarter Cambodian garment exports plummet 46 percent: official
AFP
PHNOM PENH (AFP) — Cambodian garment exports plummeted 46 percent in the fourth quarter of 2014, capping off a dismal year in one of the impoverished country’s key sectors, industry officials say, warning of future factory closures and job cuts.
An economic downturn in the United States, which buys 70 percent of all Cambodian textiles, and continuing domestic labour disputes contributed to the plunge, said Van Sou Ieng, chairman of the Garment Manufacturers’ Association of Cambodia (GMAC). Read more about Fourth quarter Cambodian garment exports plummet 46 percent: official …
