A new trade integration strategy was launched in early December by the Ministry of
Commerce and UNDP Cambodia identifying 19 new and current goods and services that
provide strong opportunities for Cambodia to diversify trade. The report says even
though the country has experienced a dramatic increase in exports which contribute
about two thirds of Cambodia’s GDP, the trade sector is overly dependent on garments,
tourism, rice and footwear. Cambodia can increase exports only if it identifies its
product “niches” and specific comparative advantages - and lowers costs. The study
urges Cambodia to identify a connection between trade development and poverty reduction
and to promote policies that redistribute the benefits of trade throughout Cambodian
society.
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