In the first five months of 2010, Cambodia’s garment and textile exports increased over 11 percent because of a recovery in foreign purchasing power as global markets continued improving from the global financial crisis.

Sok Sopheak , MoC foreign trade director general, was quoted by the Post as saying that sector growth was the result of recovering economies in foreign countries and government attempts to link suppliers with foreign buyers.

According to statistics from the Ministry of Commerce, Cambodia exported $1.062 billion in garments in the period. From January to May 2009, the export rose $953 million.

Sok Sopheak added that “we have made it more convenient for garment suppliers by cutting down on unnecessary procedures and paperwork”. “This is the internal factor for growing exports, and the external factor is the recovery of the global economy.”

Kang Chandararot, Cambodia Institute for Development Study President said that “many garment factories who survived the low demand caused by the crisis last year are now strong and competitive as the sector recovers, but those who ran away lost their chance to turn a profit.”

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