Praising Cambodia’s trade reforms, Canadian ambassador to the country Donica Pottie has urged the ASEAN nation’s government to continue with that policy to facilitate trade and investment, particularly in the garments sector. Pottie made the call while paying a courtesy visit to commerce secretary of state Ok Boung in Phnom Penh recently.
Pottie, who urged Ok Boung to work further to ensure lower cost of production, better factory management, smoother documentation and more simplified export procedures, said she hoped to see a bilateral forum for bringing together Canadian importers and Cambodian exporters in the garment sector, a leading English-language daily from Cambodia reports.
Cambodia’s garment and footwear exports rose by 7.2 per cent to $7.3 billion in 2016, up from $6.8 billion in 2015. In 2016, around 8 per cent of the nation’s exports in this sector went to Canada, up from 7.5 per cent in 2015.
Pointing out to reforms undertaken, including digitialisation of procedures to obtain certificates of origin and the implementation of trade facilitation agreements, Ok Boung said while it took two weeks earlier to obtain a certificate of origin, now that can be issued in two days.
Welcoming the trade reforms, the Garment Manufacturers Association in Cambodia (GMAC) said more could be done to help facilitate exports. (DS)
Fibre2Fashion News Desk – India