Monday, July 25, 2005

Cambodia weathering global trade changes

Cambodia's garment sector has bounced back after the end of a global quota system saw orders dip because of competition from China.

The $US 1.9-billion sector provides more than 80 percent of the kingdom's export earnings and employs some 270,000 people.

For the first few months after the end of the quota system in January, orders shifted to China.

But by May, the United States, which buys more than three-quarters of Cambodia's exports, had imposed quotas on seven types of textiles from China.

The European Union, which purchases most of the rest of Cambodia's production, took similar action in June.

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