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Related Keywords: boost Chinese investment, Cambodian garment industry, encourage investment into raw materials production, government liaison support, know as TEAC, offer legal advice, officially launched in Phnom Penh, represent interests of Chinese textile enterprises, Textile Enterprise Association of the Chinese Chamber of Commerce

To boost Chinese investment in Cambodian garment industry, the Textile Enterprise Association of the Chinese Chamber of Commerce also know as TEAC has been officially launched in Phnom Penh.

Enjoy Ho, chairman of TEAC said that they will represent the interests of Chinese textile enterprises in Cambodia and reflect their reasonable demands to the government.

According to Ho, investors from China, Hong Kong and Taiwan account for about 70 per cent of the garment and footwear factories in Cambodia.

Related Keywords: Cambodian garment industry, garment export

Cambodian garment industry reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. Last year, apparel exports to the United States went up by 7.6 percent to 2.12 billion U.S. dollars, to Europe rose by 28 percent to 2 billion U.S. dollars, and to other countries increased by 32 percent to 1.41 billion U.S. dollars. Cambodia is largest foreign currency earner.