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Int'l buyers asked to introduce new tech in Cambodian garment sector

Related Keywords: called international buyers, Cambodia, garment and footwear sector, garment sector burdened, global value chains, introduce new tech, low productivity, Ministry of Commerce, MoC, outdated technology, participate in investment, representatives from global clothing brands, sinks country into low positions, unions

The Ministry of Commerce (MoC), Cambodia during a meeting on Tuesday with representatives from global clothing brands and unions, said that the garment sector is burdened by low productivity brought about by outdated technology, which sinks the country into low positions within global value chains.

Hence, the government has called on international buyers to participate in the investment, increase investment in the garment and footwear sector and to introduce new technologies to help modernise the industry in order to help boost their exports, according to a senior official.

Pak govt to launch a probe as exports of cotton cloth falls

Related Keywords: called for investigating the matter, contributed to the decline in exports, Decline in export of cotton cloth, despite enjoying cheaper electricity, determine actual consumption of cotton yarn, exchange rate issues, gas, not justrifiable, outdated technology, shift in demand patterns, Textile mills, weakening global commodity prices

In a meeting of the Economic Coordination Committee (ECC) held on December 31, 2015, Finance Secretary Waqar Masood Khan commented that decline in the export of cotton cloth despite enjoying cheaper electricity and gas was not justifiable and called for investigating the matter in order to determine the actual consumption of cotton yarn by the textile mills.

Finance Minister and ECC Chairman Ishaq Dar also suggested further analysis of the data to find out the actual reasons and factors responsible for the drop in exports.

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