Exports to EU have been on the rise since 2003, a trend that has been bolstered by the falling dollar, said Kaing Monika, external affairs manager for the Garment Manufacturers Association of Cambodia. Rising production costs in China have worked in Cambodia’s favor, as buyers search for alternative sources of clothing, he added. In the past decade, garment has been the kingdom’s foremost pillar industry and largest foreign currency generator, whose export volumes used to account for some 75 percent of the country’s total during its peak years.Source: Xinhua
Date:6/9/2008
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