Ministry Of Commerce Of Kampuchea: Garments Export Profits Are Seriously Compressed.

Ministry of Commerce

Ouk Boung, Secretary of state, said that the growth of global consumption has promoted the growth of Kampuchea's exports. This (2010) 5 months ago, Kampuchea's export value reached US $1 billion 200 million, up 13.82% from the 1 billion 60 million US dollars in the same period (2009) in the same period, and the value of imports in the same period was US $1 billion 740 million, up 17.45% from the 1 billion 480 million US dollars in the same period last year.

OukBoung

The Secretary of state also said that Kampuchea's economic development has been on the right track as the global financial crisis has slowed down. Since this year, Japan, South Korea and European countries have conducted investment surveys to Cambodia, indicating that Kampuchea's economy has improved.

Economic Association

(Cambodian Economic Association) President Chan Sophal said that the export growth since the beginning of this year is hardly positive because Kampuchea's foreign trade has declined sharply in the past 2009 years (compared with 2008), and according to the observation of Nam-Shik Kang, general manager of Korea Injae clothing company, Kampuchea's main industry: the export profits of garments have been seriously compressed.