+917718880355

news

China to boost Cambodian textile sector

YarnsandFibers News Bureau 2019-10-30 09:02:21 – china

China bets for the Cambodian textile industry. Several Chinese textile companies have created the Chinese Textile Association in Cambodia (Ctac), with the aim of encouraging Chinese investment in the country.

The organization, which includes Chinese textile companies, including manufacturers and suppliers, provides legal advice to investors who are interested in entering Cambodia. In addition, the Ctac will also promote the contact of Chinese companies with the Cambodian government, according to Khmer Times.

Cham Prasidh, minister of industry and handicrafts of Cambodia said that this organization will become an important partner to boost the textile and clothing industry in the country. “We hope that the association will help attract investment in garments and related industries. We are ready to help and facilitate your investment in Cambodia.”

Cambodia is the eighth largest exporter of clothing and footwear, with annual exports of around 9.2 billion dollars (8.3 billion euros), which represents 78% of the country’s foreign sales.

Courtesy: MDS

Please Login to comment

Other services

Ask for free sample Report


why us
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!