Kampuchea Garment Industry Imports $1 Billion Of Raw Materials
The clothing industry in Kampuchea imported $1 billion of raw materials, and the Kampuchea Garment Manufacturers Association called for more use of local products to reduce costs and increase exports to the western market.
Van Sou Ieng, President of the Kampuchea Garment Manufacturers Association, said: "compared with other countries in the region, Kampuchea imports most of the raw materials for the clothing sector. Imports of too many raw materials have reduced our competitiveness and tax revenues.
Kaing Monika, external affairs manager of the association, said: "66% of clothing companies import raw materials from China, and the rest are imported from China and Taiwan. This has raised the price of Kampuchea products and affected Kampuchea's status as a country of origin.
During our discussion on trade, some countries importing garments from Kampuchea asked Kampuchea to import raw materials from ASEAN countries and exchange favorable taxes. In 2007, Kampuchea spent 800 million US dollars on imported fabrics, of which imports from China amounted to US $531 million.
The EU has given Kampuchea the preferential trade status of its products made from fabrics imported from ASEAN, and therefore imports from China's textile industry at an unfavorable position. If Kampuchea is allowed to import fabrics from China, this means that the trade agreement will not help Kampuchea, but will only help China.
High start-up costs are a barrier to new investment, and government assistance to new projects should be a catalyst. The Kampuchea apparel manufacturers association wants to see more local fabric production, but the government has not supported us in attracting investment.
I think the local production of fabrics will not happen very soon, because the cost of building a fabric factory is as high as 15 million dollars, and investors must be very confident. If we can produce fabrics locally, we can get a lot of profits and do not need to import fabrics from other countries.
Mao Thora, a secretary of the Ministry of Commerce of Kampuchea, said that imports of raw materials accounted for only a small proportion of the clothing produced locally. "I think our imports are still very low compared with our exports of US $2 billion 600 million.
We try to persuade investors from China and Korea to set up factories and produce in Kampuchea. At the same time, Kampuchea needs to improve the quality of local clothing, which means producing high-quality fabrics.
Editor in chief: Xu Qiyun
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