Logo of Phnom Penh Post newspaper Phnom Penh Post - No domestic silk sent to EU market this year

No domestic silk sent to EU market this year

No domestic silk sent to EU market this year

Handicraft exports to international markets, especially shipments to Europe, had plummeted this year as disposable incomes in Western economies shrank, industry insiders said yesterday.

Lun Yeng, executive director of the Federation of Associations of Small and Medium-Sized Enterprises of Cambodia, said handicraft exports had dropped by as much as 70 per cent, primarily because Europeans had stopped spending on non-essential items.

Cambodian Craft Co-operation director Seung Kimyonn said silk exports to Europe had frozen this year.

In 2011, some orders for silk were worth as much as US$100,000, but there had been no orders this year, he said.

“For a few months, it has been silent.”

To contact the reporter on this story: Rann Reuy at [email protected]

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to