Kampuchea'S Investment Environment Is Good &Nbsp, Favored By Chinese Spinning And Weaving Enterprises.

It is reported that, because Kampuchea is a backward country, the United States, Europe, Japan and other 28 countries have been granted the Kampuchea GSP treatment (GSP).

Among them, since the Cambodian imports of textile and apparel products, the United States has given more relaxed quotas and exemptions.

Another important factor contributing to Kampuchea's investment is labor costs.

At present, the average monthly wage of ordinary textile workers in Kampuchea is 50 dollars (about 325 yuan), which is much lower than the average wage level of domestic textile workers.

At present, more than 400 Chinese textile enterprises have invested in Kampuchea, and the red bean group is one of them.

According to Qin Yu, director of the red bean business group, last year, the company selected Kampuchea as the base for building factories from many neighboring countries, and the product will not be limited to clothing.

It is reported that Kampuchea has implemented preferential policies for foreign enterprises. The red bean group will be exempt from taxation for 9 years without paying European and American export taxes.

In addition, import materials such as raw materials imported from China do not need to pay import tax, which will save 40% of the cost of the red bean group.

Insiders said that Kampuchea clothing should enhance its competitiveness in the international market, and garment factories must strengthen management to improve the quality and efficiency of clothing production.