Kampuchea'S Garment Export Profits Are Compressed

Ouk Boung, Secretary of state of the Ministry of Commerce of Kampuchea, said that the growth of global consumption has promoted Kampuchea's export growth. (2010) in the first 5 months of, the value of Hong Kong's exports amounted to US $1 billion 200 million, which was 13.82% higher than the 1 billion 60 million US dollars in the same period (2009).

OukBoung Secretary of state also said that due to the global financial crisis has slowed down, Kampuchea's economic development has been on the right track. Since this year, Japan, South Korea and European countries to invest in Cambodia, showing that Kampuchea's economy has improved. However, Chan Sophal, chairman of the Cambodian Economic Association, said that the growth of exports since the beginning of this year was hardly positive because Kampuchea's foreign trade declined sharply in 2009 years (compared with 2008), and according to the observation of Nam-Shik Kang, general manager of Korea Injae garments company, the main industry of Kampuchea: the export profits of garments have been seriously compressed.