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Cambodia year-end review 2023: A sight on future

28 Dec '23
20 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Cambodia's garment, footwear, and travel goods (GFT) sector, suffered an alarming **%** decline in exports in Q1 2023 due to declining orders from US and Europe.
  • Efforts to revamp industry focus on sustainability and diversification, aiming for global competitiveness.
  • Initiatives like 'Circular Fashion Partnership' aim to address textile waste issues.

Globally, Cambodia is the world’s ******;background:white">ninth-largest exporter of garment, footwear and travel goods (GFT) which is a major economic pillar that accounts for more than a third of the country’s GDP. The sector employs about ***,*** workers, mostly female, across *,*** factories and branches.

March ** roadmap

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