Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Trade hurt by political and labour turbulence

Trade hurt by political and labour turbulence

Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce.

Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 per cent of the whole. The US remained Cambodia’s biggest single customer, claiming about 37 per cent of the yearly total.

Meanwhile, Cambodian spending on imports such as petrol, vehicles and construction materials topped exports, increasing from $7.9 billion in 2012 to $9 billion in 2013.

Mey Kalyan, senior adviser to the Supreme National Economic Council, commended Cambodian industries for well-deserved results, but said progress was hampered by political turbulence and later by garment sector industrial action. After July, the opposition party demonstrated on and off for months to protest the results, until crackdowns earlier this month led to a banning of protests.

Violent garment sector strikes at factories towards the end of the year led to the shooting deaths of at least five people, while one person was shot and killed amid opposition protests not long after the election.

“A 26 per cent increase on exports is a good result, but still there were difficulties and we should have done better. There was undoubtedly a negative impact on industry,” he said.

The senior adviser also cautioned the government to keep a close eye on the widening gap between imports and exports.

0

Comments

Please, login or register to post a comment

Latest Video

Scot Marciel

'Not locked in'

Scot Marciel, one of the US State Department's top Asia diplomats, sat down with State of Play during a whistle-stop tour of the region.

Bus protest

Busses blocked by drivers

Travelers exasperated as sacked drivers and their supporters demand reinstatement.

Kim Marintha

Police raid home of general accused of murder

Senior government adviser on the run after allegedly killing his mistress and their six-year-old daughter.

This month 20 years ago...

1994-08-12 07:00
HI aid correction
1994-08-26 07:00
Police Blotter: 26 August, 1994
1994-08-26 07:00
Rice duties scrapped to halt rising prices
1994-08-12 07:00
TV warning follows article
1994-08-12 07:00
Immigration: The view from the street
1994-08-26 07:00
Red light crackdown begins