TITLE

Textile Industry Suffers From Foreign Competition

PUB. DATE
May 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;May2005, Vol. 16 Issue 5, p6
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article focuses on the textile industry in Cambodia. Cambodia's garment sector, which accounts for 80% of the country's exports and is a rare economic success story for the impoverished South East Asian country, is struggling following the expiry of the textile quota system. The textile quota system, known as the Multi-Fibre Arrangement (MFA), expired on January 1, 2005. Despite initial high hopes that the industry would be able to withstand foreign competition, Commerce Minister Cham Prasidh now admits that 26,000 workers--or 10% of the entire garment sector workforce--have lost their jobs since the expiry of the MFA.
ACCESSION #
17678070

 

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