CAMBODIA: Garment industry on a steady rise

PHNOM PENH: Cambodian garment industry is on a steady rise. It is doing well one year after the Multi-Fiber Arrangement (MFA) finished; ILO Better Factories Cambodia released figures on June 6.

The ILO Better Factories Cambodia releases a new fact sheet on the industry post quota performance - Cambodian garment industry: One year later.

The fact sheet shows that the total value of exports of Cambodian garment and textile increased almost 10 percent to $2.175 billion in 2005.  Exports to US grew by just over 10 percent in quantity and nearly 20 percent in value.

From the 1st January 2005 to 30th April 2006, nearly 30,000 new jobs were created.  The total number of garment workers was 293,600 in April 2006.  The number of factories increased approximately 13 percent in 2005 despite some factories closing.

Ms Ros Harvey, Chief Technical Advisor for ILO Better Factories Cambodia said that this data was very encouraging; and they are seeing a steady growth in the sector.

However there are still many challenges ahead for the industry.

The average wage remained fixed at US$72 per moth, yet represented a 6% decrease in real wage when adjusted for inflation.

Prices per piece also fell by 4.47%. The data reflects a worldwide trend. This is putting added pressure in the Cambodian garment industry.

Cambodia needs to build on the successes and further improve labour standards and productivity in the industry.


Send your News/Releases for publication to [email protected]
Added: June 6, 2006 Source: Agencies
Start script - 1556268212.5674 Start news id check - 1556268212.5674 After news id check - 1556268212.5678 After cookie_code - 1556268214.3688 Before news detail - 1556268214.3688 After news detail - 1556268214.3698 Start cat select - 1556268214.3698 After cat select - 1556268214.37 before preg replace - 1556268214.37 After preg replace - 1556268214.3701 Before tag engine - 1556268214.3701 After tag engine - 1556268214.3752 Before mptt engine - 1556268214.3752 After mptt engine - 1556268214.3753 Before related engine - 1556268214.3753 After related engine - 1556268214.3775 Before update hits - 1556268214.3775 After update hits - 1556268214.3777 After update news_hits - 1556268214.3802 After mem_only_views - 1556268214.3803 -------------------------------------------------- Total Exec time:- 1.8129999637604
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2019. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 26-04-2019